Frequently Asked Questions

What is backtesting, and why is it important for forex trading?

Backtesting is a process where historical market data is used to test a trading strategy. It's crucial for forex trading as it allows traders to assess the viability and performance of their strategies based on past market conditions, helping to make informed decisions in the future.

How does Piplabs work?

Piplabs analyzes historical forex market data, applying user-defined trading strategies to simulate how those strategies would have performed in the past. This helps traders evaluate and refine their strategies before applying them in real-time trading.

What data does Piplabs use for backtesting?

Piplabs uses historical price, volume, and other relevant market data to simulate trading scenarios. Users have full access to the built-in data provided by the software.

What are the key features of Piplabs for forex backtesting?

Piplabs offers a user-friendly interface, customizable strategy parameters, multi-timeframe analysis, and comprehensive performance metrics. It is also the only web-based backtester that provides tick-by-tick data, allowing users to conduct highly detailed and accurate simulations.

What timeframes and currency pairs does Piplabs support?

Piplabs supports a wide range of timeframes, from minutes to days, and allows users to backtest strategies on various currency pairs (including GBPJPY, USDJPY, GBPUSD, EURUSD and XAUUSD), providing flexibility for different trading preferences. More pairs will be added in the future.

How accurate are the backtesting results?

While past performance does not guarantee future results, Piplabs aims to provide exceptionally accurate simulations by utilizing tick-by-tick data. This unique feature sets Piplabs apart, offering users a granular level of detail in their backtesting analysis.

What is the difference between backtesting and live trading results?

Backtesting provides historical insights, but live trading involves real-time market conditions, which may vary. Piplabs users are encouraged to start with small positions in live trading to validate strategies in real market conditions. The use of tick-by-tick data in Piplabs ensures that users can closely simulate the dynamics of live markets during backtesting, offering a more accurate representation of potential live trading outcomes.

How do I interpret the performance metrics provided in the backtesting results?

Piplabs provides detailed performance metrics, including profitability, drawdown, and risk-adjusted returns. Users can interpret these metrics to assess the effectiveness of their trading strategies and make informed decisions.

Can I backtest multiple strategies simultaneously?

Yes, Piplabs allows users to backtest multiple strategies concurrently, providing a comprehensive analysis of different trading approaches.

What kind of technical support is available for users?

Piplabs provides comprehensive technical support through various channels, including email, chat, and a knowledge base. The support team is dedicated to helping users with any inquiries or issues.

Is there a trial or demo version of Piplabs available?

Yes, Piplabs offers a trial version or demo account, allowing users to explore the features and functionalities before making a commitment.

Does Piplabs work on mobile

As we are currently working on optimizing our experience on both desktop and mobile, currently Piplabs does not offer full support on mobile devices. But this is not casual nor related to the project status:
in Piplabs we firmly believe that backtesting is crucial in order to achieve success in the industry, therefore backtesting from a mobile screen does not allow the user to deeply focus and understand what he's looking at.

What are the system requirements for running Piplabs?

Piplabs is a web-based platform and can be accessed through standard web browsers. Users should ensure they have a stable internet connection and a modern browser to optimize their experience.

How do I protect my account information and data security?

Piplabs employs robust security measures to protect user account information and data. This includes encryption protocols and secure data storage practices.

Are there any tutorials or guides available for using Piplabs?

Yes, Piplabs provides a picture-by-picture guides on how to set yourself up to help users navigate and make the most of the platform.

Can I backtest strategies that involve multiple timeframes?

Absolutely. Piplabs supports the backtesting of strategies involving multiple timeframes, allowing users to analyze the impact of their strategies across different time intervals.

What is the process for reporting bugs or requesting new features

Users can report bugs or request new features through the Piplabs platform. The support team actively collects user feedback to continually enhance the software based on user needs and preferences.

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