Recently, ThinkMarkets, a multi-asset trading services provider, announced that Traders' Gym, the backtesting tool built into its ThinkTrader platform, has added 25x and 50x speeds to its existing 10x speeds.
Traders' Gym has been improved to meet the ever-changing trading needs of traders. In a rapidly changing market, even milliseconds make a difference between profit and loss, said the broker.
Traders' Gym, the backtesting tool provided by ThinkTrader, utilizes historical data from real markets to create simulated markets for traders. Traders can choose a specific time frame and simulate how a trade would have evolved if they had opened a position at some point in the past.
The tool provides a unique opportunity for traders to test the effectiveness of their strategies and provide valuable insights on how to improve their trading decisions. And the addition of two new optional speeds helps traders save even more time it takes to make and improve trading decisions.