One of the best things about NakedMarkets backtesting software is that updated historical backtesting data is included in the purchase price.
So you don't have to pay an additional monthly subscription fee to get data for the markets you want to backtest.
Downloading historical data in NakedMarkets is easy. I'll show you how to do it and give you a few more tips on how to get the most out of the software.
If you don't have NakedMarkets yet, be sure to read my full review.
Otherwise, here's how to download historical data.
Why Fresh Historical Data is Important
Many so-called “backtests” published online only test a strategy over a period of 1 to 2 years.
The problem with these tests is that they do not cover enough market cycles to be a valid test. I talk about this more here.
When you download as much historical data as possible, you'll have a greater understanding of how your trading strategies will work and will therefore be more likely to work in the future.
Updating your data with the latest information will also help you see if your trading strategy has stopped working.
So it's important to see both the old data and the newest data.
With that, here's how to update data in NakedMarkets.
How to Download Historical Data
Start by going to Tools > Data center in the menu at the top of the screen.
From there, you'll see this window.
Under the Symbols tab, check all of the markets that you want to download data for.
You can also select each individual market and change the Broker in the History section of the screen above, if you want to use data from a different broker.
Once you have set everything up, click the Update button to download the data.
The program will then show you which market(s) it will download.
Click the Update button and the program will start to download the data for each individual market.
Once the download has finished, close the Data Center window and start backtesting.
Add Your Own Custom Data
If NakedMarkets doesn't have the data that you want to backtest with, you can use the Data Import tab to add your own data.
Simply click the Data Import tab at the top of the Data Center.
Enter the symbol name you want to import the data into next to Symbol name.
Then click on the button next to the File to import field.
Select the file you want to upload from your computer, then click on the Import button at the bottom of the window.
If you have an issues with this process, be sure to contact their support team and they will be happy to help.
So that's how to get all of the available historical data for NakedMarkets backtesting software.
The great thing about NakedMarkets is that updated historical data is included in the one-time purchase price.
You don't have to pay an extra monthly cost, like with other software solutions. To see how NakedMarkets compares to Forex Tester, read this review.
If you want to get a discount on NakedMarkets use this coupon.
Get more NakedMarkets tutorials here.