Running a Backtest

The ORB Backtester is a custom backtester that we’ve designed specifically for the Opening Range Breakout trading strategy. The first thing you should notice when using the backtester is how easy it is to run a backtest.

The backtester has more than 2 years worth of data, for more than 10,000+ stocks and ETFs. There are more than 150,000 ORB breakouts available at your finger tips, for you to explore and analyze.

Opening Range Backtester Controls

To run a backtest, follow these steps:

  1. Click on the Backtester link in the top navigation bar of the app.
  2. Enter up to 5 symbols that you wish to test in the Symbols field. You can also choose to test just one symbol.
  3. Select the time frame that you want to backtest in the ORB Range dropdown. Available time frames are 5-min, 15-min, and 30-min.
  4. Choose the length of the backtest in days using the Backtest Length field.
  5. Select the target and stop for your trades. You can use half of the ORB range for your target and stop, or set your own custom target and stop levels.
  6. Click the Search button to start the backtest.

Backtests are completed almost instantly (less than 2 seconds). After a backtest, you will have access to the full strategy report, along with every single trade used to calculate the backtest metrics.