How to use the bar replay feature for strategy testing in TradingView
In your hands, the right tools can make all the difference. TradingView has many tools and, at Eightcap, we’re a fan. In fact, we’re the only dedicated TradingView broker in the UK.
Does TradingView have a strategy tester?
The answer is yes, TradingView has a rigorous strategy tester. With this platform, you can:
- Add custom trading scripts.
- See every trade marked by profit/loss.
- Consult advanced metrics like profit percentage and average trade value.
How to use the bar replay in TradingView?
The TradingView bar replay is a lot like paper trading, with the added twist that you’re trading market activity that settled a long time ago.
Here are the steps for how to use the bar replay in TradingView:
- Click on the double rewind arrows at the top of your screen.
- Pull the blue line back to the date you want to revisit. You can select your time travel destination right down to the bar.
- Press the playback buttons beneath the chart. These include a play button, a forward button, and a replay speed button.
- Try to beat the market using single chart mode or all charts mode, which allows you to play multiple financial instruments at the same time.
- End the replay by clicking the rightmost button, labelled ‘jump to real-time chart’. Then, to properly exit the bar replay feature, click those double arrows again.
Try it out now if you currently have TradingView open. There’s no better way to learn than doing it yourself!
How far back can you go on TradingView bar replay?
The TradingView bar replay can’t go back forever, it can only contain so much power. Instead, special limits dictate just how far back you can go.
Those limits depend on 3 main factors:
- Trading timeframes. It costs less to store the daily candle record compared to intraday candles.
- Your TradingView plan. There are premium, pro and plus plans that each offer different levels of data. Choose the plan that’s ideal for you and your budget!
- Your chosen instrument. Some companies are older than others. You’ll get more data out of Apple than you ever will out of Netflix, for example.
Let’s get into specifics – how far back can you really go?
If you’re on the basic essential plan, you’ll max out at 90 weeks of 15-minute candles before you hit the rewind limit.
The plus plan improves on this – you can ride those 15-minute candles back through 90 months of market activity instead.
Then there’s the premium and pro plans, which both guarantee full data access. For this one, let’s look at a vintage instrument – the DXY. You can trace this back to 1967 if you wanted to push the TradingView bar replay feature to its limits!
Remember that those timeframe restrictions still apply. The limit may be 1967 for 15-minute candles, but faster-paced 1-second candles can only go back a few years with the best plans.
Why you should try the TradingView bar replay
The TradingView bar replay is one of the most popular tools in their strategy testing suite. It allows traders to travel back in time and see what they can divine from the market’s ups and downs.
Not all platforms are made equal. Some show you basic candle action, others can rewind time and let you replay price action from the past.
TradingView’s bar replay provides the perfect environment to back test your trading strategies. With it, you can:
- Simulate market conditions from the past using real data.
- Choose your destination down to the specific 1-minute or daily bar.
- Revisit iconic trading periods like IPOs, mergers, elections and other impactful financial events.
- Apply TradingView’s strategy tester. Gain insights into your performance against real market movement.
Why should you switch to TradingView?
The TradingView bar replay is one of many excellent features that we love about our partner platform. Here’s what else you can get as part of the whole TradingView package!
It is the most popular and widely used charting platform in the world. This isn’t just a popularity contest – that big audience directly translates into a more refined service that can handle any task you throw at it!
It makes for a platform that is:
- User-verified.
- Supportive of diverse trading styles.
- Concerned about its reputation for keeping you happy.
At Eightcap we back TradingView so strongly that we made it a core part of our service: we’re the only forex and CFD broker in the UK that was built, from the ground up, to work seamlessly with this top-rated platform.
Add the TradingView bar replay to your toolkit today when you trade at Eightcap.