Backtesting Software Using Fundamental and Technical Data, USstocks

[alpha_u1x 10]

Hii

 

I am trying to develop a discretionary/automated trading system which trades infrequently ~ 4 times a month. My main goal is to catch the big moves in stocks while trying to loose as little as possible.

 

So I am trying to understand what factors are a good indicator of large future growth in stock price.

 

I am looking for a backtesting software which will give me access to historical fundamental and technical data and then allow me to run tests on them.

 

I have read a lot of reviews of backtesting software of the following

 

multicharts

Amibroker (cheap, fast, good programmability)

Tradestation(good community, easy programming language, relatively slow, crash prone)

Neoticker (very slow, has very complex capability)

Ninjatrader

R

Portfolio123(fundamenta probably data available)

Compustat(fundamenta probably data available)

Quotecenter (fundamenta probably data available)

Rightedge

Quantdeveloper

Matlab

 

Currently I am evaluating Canslim and want to backtest this strategy, atleast to the extant possible. Everything in canslim is not quantifiable, so not easy to completely backtest, but I want to know whether it is a good enough strategy to build upon.

 

However most of the above software is built based on analyzing price, volume data that is for technical analysis. Has anybody used any of the above software and can confirm that backtesting using fundamental data is available?

 

If none of these are good enough, could somebody give me an idea from where I can get historical fundamental data for long periods of time and how much it would cost? I am relatively good at programming, so I could use something like R and c# to analyze the data. Of course free data is always appreciated

 

 

Any advice would be welcome

 

thanks

[rathcoole_exile 10]

My main goal is to catch the big moves in stocks while trying to loose as little as possible.

 

 

what an original idea !!! i wonder why more people don't consider this ? you're a genius

[Do Or Die 10]

However most of the above software is built based on analyzing price, volume data that is for technical analysis. Has anybody used any of the above software and can confirm that backtesting using fundamental data is available?

 

If none of these are good enough, could somebody give me an idea from where I can get historical fundamental data for long periods of time and how much it would cost? I am relatively good at programming, so I could use something like R and c# to analyze the data. Of course free data is always appreciated

 

Your best option is R or Excel.

 

It is easy to get historical fundamental data: dataset - Data APIs/feeds available as packages in R - Statistical Analysis - Stack Exchange

[Do Or Die 10]

See Leading Indicators for Economy and Stocks

 

Data management is easiest in Amibroker among all software you mentioned; so it may be the second best option.

[squishy 10]

You will need to make sure you get historical data on all Failed companies as well. Many of former IBD top 100 stocks are out of business and not part of the current set of most historical data providers. It's "survivorship bias" and will greatly affect your results of actually trading what you discover.