Back testing. Backtesting Strategies. Types of trade orders
Databases are the inevitable part of such software products as online stores, banking system applications and so on. These can the databases of different types, for example, DB2, SQL, and others
In order to verify the correct work of database, it is performed server side testing which actually is backend testing.
Performing database testing, the specialists do not work with the graphical user interface (GUI), they proceed directly to analyzing the processes of execution of the request with specified parameters and receiving the correspondent answer from the server. With this purpose, JSON and XML can be used.
There are several phases of backend tests:
- the delivery of SQL server specification;
- the testing of design specification;
- the implementation of the tests into the design with the help of SQL code.
Backend testing is the process of validation such database aspects as schemas, tables, indexes and keys, data storage procedure, the process of data duplication, server validation, etc. The tests are launched with the aim of preventing data corruption, deadlock, data loss and others. To check the work of databases, several types of tests are executed.
What are the types of databases testing?
- Non-functional testing
- Functional testing
- Structural testing
The special testing tools will help to simplify the verification procedure of the proper operation of databases. This can be TurboData, Data Factory, AETG, Data Generation and others.
What are the advantages of backend testing?
- Such a software testing ensures the full control over the test coverage.
- Backend checking promotes the detection of a bigger number of potential bugs even at the early stages of the development.
- With the help of backend testing, the specialists execute more detailed checking of the system, as the applying of black bow method is not allowed for this testing type.
Entertaining physics of relations Gagin Timur Vladimirovich
Back and front office testing
Communication at the front-office level is reminiscent of the mating dance of birds. Experienced bird watchers know that theoretically, birds of different species can mate and produce offspring. In practice, mating occurs within the same species. The fact is that different birds have completely different behavior during the mating season. All their clucking, jumping and mating dances with fluffy tails unambiguously make it clear: “This bird is not in my circle. And this one is mine. "
So it is with people. Demonstration of a "front office" is not just a show of behavior, but also a signal "friend or foe". When potentially compatible people communicate at the front-office level, they have (not always clear to themselves) rules of conduct that they do not discuss. And knowledge of these rules is the key to starting a relationship. And in terms of efficiency, this is perhaps the best of what we have in our arsenal.
They say there is a rule: a real gentleman should not point out to another gentleman what a real gentleman should already know about. It is assumed that either he knows this, or he is not a gentleman, and then there is nothing to talk to him about. Or, more simply, if he has to say this, then there is no need to talk to him about this at all.
If in a relationship like "front office" you need to explain some norms, if you have to explain something deeply obvious and understandable for you agree, then this is not the right person: all the same, he will not understand your explanation. There is no need to explain the claims that we make to the partner: usually we simply and directly expect something from the partner and believe that it should be clear to him by itself, without explanation. Because it is so accepted in our circle, it is understandable in our family, because this does not need to be explained to our friends. And generally speaking! Because for the sake of this we, in many respects, enter into these very "relationships". We do not just think that he will guess, we believe that if he does not guess, then he is a fool or a scoundrel. Well, or just underdeveloped or under-educated. Rude. Not thin. Little educated. Or re-educated, on the contrary. Too complicated. Laden. Unnatural. Pretentious.
In relationships built at the front-office level, this is common. The girl sincerely assumes that a man should give her something, but does not tell him what exactly: if there is a real man in front of her, he will guess himself. A man expects a woman to invite (or, on the contrary, believes that a "true" woman should never invite) to his home for coffee, but does not tell her about it. Relationships from eternally unfulfilled (on trifles, but often) expectations heat up. And one day a man just changes a woman. And a woman is a man.
The girl broke up with her boyfriend only because he walked through the rows in the theater with his back to the audience. Not that she thought, "Now I will tell him, and next time he will do everything right." No, she decided that the boy should know everything himself.
And another, still very young girl, said: "My dad always behaved with me like a lady." It's so important for a little girl from 12-13 to feel like a lady. But her boyfriend does not behave like that. Once she came to a cafe, where he was already sitting with the company. And he didn't give her a chair. And he did not introduce her to acquaintances. For the girl, this was a gross violation of the norms of behavior, although she did not say anything out loud. But to get angry - angry. And she took revenge as best she could.
Commentary by E.N.
It is good if there is someone nearby who, with their love, admiration, help, will finally help you "keep the bar", once setting it high, for many, many years ... They met almost 50 years ago on a small steamer going to the old Ukrainian town of Kanev. She, a twenty-year-old student of a medical institute from Ufa, an excellent student and a beauty, brought up in the strict traditions of a Bashkir family (dad also worked in the competent authorities), went to visit relatives. He, a 25-year-old fool with a clever Jewish head and character acquired in old Dnipropetrovsk courtyards, who finished 10 classes and did not plan to study further, who had tried a lot of works from an electrician to an extra in the theater, was also going somewhere out of nothing to do. At the 20th minute after the steamer's departure, he approached - his hands in his pockets - to get acquainted. On the second day, 20 minutes before the steamer moored in Kanev, he proposed to her. She was indignant, but for some reason she gave the address ... I wonder after all .... And now, imagine, after a little over three months, appears on the doorstep of our heroine's apartment (we have been friends for many years, I used to call her by her name - Tamira, I’ll call her that, okay? By the way, for me he is already forty Leva ; in general, I continue without patronymics) on an autumn-winter chilly evening dressed in a southern, light and careless way, Lyova immediately declares to her parents who fell into a stupor that he has arrived in Ufa, previously unfamiliar to him, forever and has the most serious intentions (not having at the same time housing, work, any money).
Parents accompanied Tamira to the institute for several months in order to avoid encounters with the "happiness" that had fallen on his head. The next few months, the meek and obedient Tamira suddenly rebelled and persuaded herself the right to meet in the presence of her parents with the “dissident” (for some reason, the father of the newly-minted groom called it). When this whole story was one year old, they got married. At first we lived in some kind of removable wooden hut with a little daughter, a huge Caucasian (dog) and a cat. They brought in fish, but they froze ... However, life was getting better, moreover, at a fairly rapid pace. The former mischief-maker and "dissident" Levka turned out to be a hard-working, very enterprising and very enthusiastic person. When asked what his hobby was, he answered: “Everyone has a hobby, a hobby; my hobby is my wife. " He taught his wife to use cosmetics almost professionally and intelligently; wherever he could, got the most exquisite outfits in those difficult times; taught her that a hairdresser and a manicure master come to the house ... Tamira turned out to be an exemplary student and there was something to work on: a beauty, a clever girl (and by the way, an excellent doctor and teacher).
Many years have passed since then, a lot has changed, and the grandson is already graduating from the university. Only Leva's attitude towards her wife has not changed. Several years ago, they abruptly changed their lives, left Bashkiria, bought a small house on the seashore, with their young enthusiasm, launched a large construction there, rent out rooms in the summer season, accept relatives, prosper ... The village, I must say, is not Rio de- Janeiro, the roads are mainly of the country type. But already a very middle-aged Leva closely monitors that his beautiful wife (he does not accept another option) worked in the yard in fashionable sportswear and beachwear, and went out into the street only “in full dress” and certainly in heels. “What are the heels, Tamira,” asked our common old acquaintance, who was recently vacationing with them with her granddaughter, “in our years and on your roads? Look how everyone is dressed casually. " "What are you," our heroine was indignant, "and what will Lyova say?" Right now I am writing, the TV is on, there is a program on TVC with Lyudmila Gurchenko, and I hear her phrase: "Every day a man and a woman should have Valentine's Day." So, my old friends, about whom I just tried to tell you, every day was like that. Probably, somewhere out there, in one of the closets of this generally difficult life, the same "back office" lurked, but the former Dnipropetrovsk prankster stood in his way with a worn out, but still clearly readable slogan : "Front office - and not a step back !!!"
Back office is when you can show everything. When you can tell each other about your expectations. Not to sit down and start "telling" on purpose. You just don’t have to "think" what you will do or say. Here you are sure (sure) that the second person was looking for and found you (such) that he loves you for something special, yours, and the rest - he will forgive, understand, or simply will not seriously notice.
Favorite movie
- And I scream in my sleep ...
- And I'll tell you quietly: "Shsh" ...
- And sometimes I snore when I lie on my back.
- And I will turn you over on the other side - and you will not.
The "back office" can be observed directly if the candidate for our happiness is relaxed and spontaneous. And you can draw information about this from what the potential partner is talking about and how he behaves.
A girl, for example, dresses well, pays a lot of attention to her appearance, and so on. The young man thinks: “I see, basically you spend all your income on appearance. And the "front office" is most important to you. This means that either you are not ready for a long-term relationship, or you are guided by a different type of men. "
The guy hums with pleasure, chewing the salad. It means that he loves a cozy life, and at the same time is content with little in everyday life. It will do without pineapples and hazel grouses.
The girl tells the "next" about the previous young people: I, they say, do not stop communicating with them, because suddenly I need them. This is the "back office": she shows how she will behave with her current one when he becomes her "ex." Important: we are interested in just random episodes, fleeting phrases, trifles. We do not consider specially prepared concert performances.
The girl mentions: "I love going to restaurants." It means that he does not know how to cook. Or loves pomp and show off. Or just thinks that "it should be."
The young man announces: "Yes, I don't care where to live, even in a tent." Apparently, he will not want to equip the house, maybe his hands are inserted at the wrong end.
One man said in a group training, "I trained myself some time ago to drink a little wine." And the group thought. Maybe he is a non-companion person and has difficulty communicating. Or he has physiological problems from drinking alcohol. Or maybe he is very “correct” and he has a lot of self-restraints; he learned to shoot them. Or he worked to raise his status, learning to understand good wines. Or he wants to learn to decide for himself what is valuable in life. Perhaps he grew up in a Muslim family. In short, you have to doo-u-um.
Or someone declares: “I don’t drink or smoke”. What kind of "back office" can there be? A person can demand the same from his partner. It can be boring with him. Or he is ulcer. It doesn't really matter if you smoke or not. It is important whether you show (and consider) it a virtue.
"Well, why should one learn to determine by external manifestations at the beginning of an acquaintance, what is inside him?" - you ask. Yes, so that it does not come as a surprise later. After all, whatever one may say, but to live with a person, and not with his advertising poster. Learning how to properly handle the "back office" of a partner is necessary if we are counting on a long-term relationship with him. We need to understand that he naturally In the course of his life, will he close our basic ones or is he showing off now, seducing, and then he will not stand it and will lower the bar?
So watch and listen carefully. And rejoice when you stumble upon the unexpected. Better now than later. Instead of resenting "how strange it is," think about why it is important for a person to speak and think that way. What does he have in the "back office" if he is? And will you be able to interact with him in the future?
For example, a person in the "back office" is built to be inflexible and sets a rigid framework for behavior. You, on the other hand, are as flexible as the stem of a lotus. And then its inflexibility is not a disadvantage for you, but a feature. And if at the same time you are as tough, then in life with this person there will invariably be conflicts. He will resist, you will resist - it will be hard.
Of course, the chances are that some smart people are in control even in the most intimate moments. Probably great quality for a scout. But why is it in family life? We need it, live with a spy?
Commentary by E.N.
And yet, at the risk of tire you, I still want to mention the following. There are people who pride themselves on their directness. They like to repeat with pride: “I say what I think; even "on the forehead", but what I think. Here I am (what) honest! ". And I want to say: "You are stupid, not honest." Are you judging me? But it is known (sorry for the professional calculations) that a child from 3-4 to 12-14 years old develops the so-called "epicritical emotions", when the cerebral cortex learns to control instincts and desires, as it were. And by the age of 20-22, the formation of higher human emotions takes place. By this period, feelings become subject to reason (remember the classic "learn to rule yourself ..."), are corrected by intellectual activity, it becomes possible to suppress external manifestations of emotions, facial expressions and expressive movements. Here already the cerebral cortex, higher emotions, critical attitude and the ability to predict what is happening "reign supreme." Of course, you shouldn't say what you don't think. But think what you say. Believe me, I do not urge you to cheat, tell a deliberate lie, but there are certain rules of communication.
And the "back office" should be held back. Or am I not right?
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From the book 100 Ways to Find a Job the author Chernigovtsev GlebTESTING You are looking for a job, and quite often you have to be tested, interviewed, and have direct personal contact with the employer. Therefore, we consider it useful in this situation to know about your rights, that is, about what questions you have the right to ask
From the book Entertaining Physics of Relationships the author Gagin Timur VladimirovichChapter 1 Roundabout "Front Office" And "Back Office" of Man Columbus solved his famous problem of how to place an egg too simply: he broke his shell. This decision, in fact, is wrong: having broken the shell of the egg, Columbus changed its shape, and therefore did not put
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From the book Severe Personality Disorders [Psychotherapy Strategies] the author Kernberg Otto F.REALITY TESTING The internal scheme of epileptoids is built on an unusually high self-esteem, the idea of superiority over others, an unfriendly attitude towards others.
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From the book Methodology for Early Development by Glen Doman. 0 to 4 years old author Straube E.A.REALITY TESTING Inside asthenics there is a sensitive detector for receiving information from the world. They are characterized by refined empathy, the ability to empathize with every human being, animal, tree and grass.
From the book We Play Science. 50 amazing discoveries that you and your child will make by Sean GallagherREALITY TESTING An important feature of the hysterical character is that special perception of the world, which leads it to the absence of truth, an objective picture in relation to both the world around and other people and ourselves.
From the book French children always say "Thank you!" by Antje EdwigaREALITY TESTING Both neurotic and borderline personality organizations, as opposed to psychotic ones, assume the ability to test reality. Therefore, if the syndrome of diffuse identity and the predominance of primitive defense mechanisms
From the book 1914–2014. Is Europe out of history? the author Shevenman Jean-PierreRevival Front The more successes you make in any area of your life, the more likely you are to have envious people, rivals and enemies. You will be able to win over some of them to your side, but there will also be those who will remain the enemy. With all
Memory blackout: the Russian front Memorial ceremonies are likely to forget how important the Russian offensives that unfolded at the beginning of the war were. They were almost unsuccessful, since the Germans stopped them at Tannenberg at the end of August 1914 and at the Mazury
I will tell you how you can gain practical trading experience, it only takes free time.
In addition to an objective assessment of the results obtained when testing your trading strategy, you will get closer to the process of making direct trading decisions. This will help you a lot Back testing of a trading strategy... By the way, testing a strategy is also possible in automatic mode, but I believe that traders who do not have serious trading experience develop a trading strategy, and testing it will be useful in manual mode.
Let's look at an example of testing a trading strategy in a short time frame for a specific trading period. To conduct back testing, we need:
Technical Analysis Program
Program for accounting transactions and processing statistics
Algorithm of work, strategy, plan for making trade decisions.
Technical Analysis Program
There are a huge number of technical analysis programs, but I am personally used to the MultiCharts program. It's simple and affordable. There are tons of more advanced programs like Omega, TC2000, TradeStation, which can be found on the net, but I'm used to working with MultiCharts. In addition, you can find it on the net for free or download a shareware version, without any limitation of the terms of its use.
Download and install the program, we only need MultiCharts directly.
After installing the program for tracking quotes, we need the quotes themselves. They can be downloaded on the Finam broker's website in the "Quotes Export" section.
Then, download in the format TIME, DATE, HIGH, OPEN, CLOSE, VOL, LOW, the quotes of the asset you have chosen. In our example, we need quotes for the RTS index futures for the last quarter, at a time interval of 5 minutes (see Markets on the Russian Stock Exchange - RTS). It is possible to download quotes of your choice for all available instruments, and for all available time periods. The rest of the fields remain unchanged. Select the parameters and click on the button, which is called - "get file".
We get a text file with the quotes you need (figure below):
To upload quotes to the MultiCarts program, you need to open the QuoteManeger program, which acts as a source of historical data quotes for our MultiCharts. Then you need to add an exchange, or select it from an existing list. In this case, you should specify the trading parameters. To this end, go to the "Tools" menu, then "Exchanges & ECNs"
Now let's add a contract. Item according to the following scheme Symbol -> AddSymbol -> Manually.
Click OK. Next, edit the name of the instrument. I recommend that you write the name of the instrument accepted on the exchange to avoid confusion. We check compliance on all tabs Settings and Session, Stock, PriceScale. If everything is in order, click OK!
A little directly about the process of importing historical data. In the QuoteManager window, right-click on our tool and select ImportData -> ASCII
When it starts, a new DataServerMode window will appear, you need to select Offline. Then add a new chart along this path File -> New -> Chart Window
What is Backtesting?
Backtesting is the execution of a strategy or signal on historical data. You "pretend" that historical prices are happening "right now" and see how the strategy would work in such a market. To conduct a backtest, you need to choose a strategy and the historical range on which you want to test this strategy. It is usually interesting to test a strategy over a long period of time (months and sometimes years).
For example, below are the balance and equity curves of the standard MA_ADVISOR strategy (Moving Average Crossover), executed on the 2010 EUR / CHF history (3.5 million ticks, 8 ticks per minute), applied on a 15-minute interval, with the number of periods for the fast moving average 15 intervals, for the slow 55, without stops and limits, on a 1-hour chart. You can see all the "classic" problems with moving average crossover strategies: it loses in a sluggish market and only works well on a pronounced trend.
Tabs related to tables and optimizer are empty.
Special Warning About Backtesting Results
Hypothetical or simulated performance results have certain limitations. Unlike actual financial results, the simulation results do not represent actual trading. In addition, since no trading operations were carried out, the results can be both overestimated and underestimated, since in reality there is an influence of certain market factors, such as, for example, lack of liquidity. Trading mimics programs are generally designed with a profit in mind. It is not claimed that any account will receive a profit or loss similar to that shown.
Distribution of losses
In some cases, statistical methods are used to calculate the maximum losses arising from the influence of operational risks with a given level of confidence, usually based on a distribution that differs from the normal distribution. This analysis requires the collection of data on operating losses, classified by causes of losses, such as illegal activities, problems with human resources, sales organization, unauthorized actions, organization of the management process, technological support.
Using such data and taking into account the data on the respective cost of insurance and insurance claims, a preliminary schedule of loss allocation can be constructed, which should then be refined, taking into account the organization's response to risk.
Back testing
In this context, back-testing usually consists of periodically comparing the organization's risk exposure indicators with the actual profit or loss received. Back testing is commonly used by financial institutions. Some organizations, including many banks, in their day-to-day operations compare daily P&L with the results of a risk model to track the quality and accuracy of their risk assessment systems.
2. Non-probabilistic methods are used to quantify the impact of a potential event based on assumptions about the distribution of such impact. without specifying the likelihood of the event therefore they do not require separate calculations of the probability. The most commonly used methods are sensitivity analysis, scenario analysis, and stress testing.
A sensitivity analysis is performed to assess the impact of normal or routine changes in potential events. Due to the relative simplicity of the calculation, sensitivity indicators are sometimes used in addition to probabilistic models. Sensitivity analysis is used for operational metrics (such as the impact of changes in sales on hotline response times or manufacturing defects) and equity securities using the P coefficient (for stock analysis purposes, p is the ratio of the change in the price of individual shares compared to changes in the price of the overall market portfolio or its equivalent, such as the S&P 500 Index).
The sensitivity metric is used to approximate the change in value resulting from significant changes in the interest rate.
Scenario analysis is used to assess the impact of one or more events on the achievement of a goal. It can be used in business continuity planning or in assessing the impact of a system or network failure and reflects the impact of these events on the organization. Scenario analysis can be performed during strategic planning when management links growth, risk and reward.
Stress testing. Stress testing evaluates the impact of the events with the greatest impact. Stress testing focuses on the direct impact of changes in one event or one action occurring in extreme circumstances, as opposed to examining changes in normal conditions, as is the case in scenario analysis. Stress testing usually complements probabilistic methods to examine the outcomes of low probability and high impact events that cannot be adequately represented using the distributional assumptions used in probabilistic methods. Similar to sensitivity analysis, stress testing is often used to assess the impact of changes in operating events or changes in the financial market in order to avoid significant unexpected consequences and losses. Stress tests include, for example, assessing the impact of a rapid and significant increase in the number of defective products; changes in the exchange rate; changes in the price of a factor underlying a financial derivative; an increase in interest rates on the value of a fixed income portfolio; increase in electricity prices, affecting the cost of production.
3. Comparative analysis. Some companies use benchmarking techniques to assess a particular risk in terms of probability and impact when management seeks to further inform decisions about how to respond to a risk in order to reduce the likelihood of occurrence or impact of that risk. Benchmarking data can provide management with information on the likelihood or impact of risks based on the experience of other organizations. Benchmarking is also used for different activities within a single business process to identify opportunities for optimization in that process.
Comparative data can be of the following types:
- internal - comparison of the performance of one department or unit with other departments in the same organization;
- competitive / industry - comparison of performance between direct competitors or broader groups of companies with similar characteristics;
- the best in their category - comparison with similar indicators of companies in different industries.