> For the complete documentation index, see [llms.txt](https://faq.midas-club.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://faq.midas-club.com/faq-en/faq-backtester.md).
# FAQ 🤖BackTester
**Midas Backtester** - is not an indicator!
This is **a bot strategy in TradingView**, which allows you to quickly test your entry and exit conditions with full backtesting and create trading bots from the best combinations.
You define your own logic, and the result is:
* trades on the chart
* profit / loss
* drawdown
* win rate
* profit factor
* equity curve
* an understanding of whether the strategy works or not
* you launch your own trading bot and pay no fees
## Who is it for
Midas Backtester is for you if you:
* want to quickly turn trading ideas into a trading algorithm with a bot
* test ideas “by eye” and want to switch to numbers
* want to understand whether your strategy works or whether you are just lucky sometimes
* want to refine Midas logic with your own ideas and test it on historical data
* want to test not only Midas, but also other indicators and trading logic
* want to build a trading bot based on your own logic
## What problem it solves
Most traders lose money not because they have no ideas, but because they **don't know how to properly test those ideas and trade in chaos!**
Usually it looks like this:
* saw a nice entry
* thought the strategy was working
* started trading
* got a streak of stop losses
* didn't understand whether the problem was the market or the logic itself
**Midas Backtester removes guesswork and** shows how your strategy would have behaved over a long history - with deep numbers, statistics, and trades on the chart.
## What Midas Backtester gives you
**Midas Backtester** - is a separate powerful layer of the product. In essence, it is **a flexible strategy / tester / future bot builder** right inside TradingView.
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### Testing any logic on historical data
You can turn almost any idea into a strategy - in Midas Backtester you can set:
* trading directions - Long / Short / both ways
* up to 6 parallel conditions for Long / Short entries
* flexible exit conditions according to your rule
* take-profit sizes and quantities
* stops or trailing stop
* position reversal in case of an opposite signal
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### Testing Midas settings
If you trade with Midas, Backtester lets you test:
* add your own conditions to the signals
* check on deep historical data which signals actually produce results
* which filters improve statistics
* where the strategy breaks down
* which settings are more robust across different markets and timeframes
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### Entry into algo trading
This is your first step toward systematic trading.
First you formalize the logic.\
Then you test it on historical data.\
And only after that do you think about automation.
This is much stronger than trading “by feel”!
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### Saving time and money
Backtester helps quickly weed out weak ideas before real trading and real losses.
Instead of weeks and months of manual checks, you immediately see:
* whether the strategy has an edge
* what the drawdown is
* what the losing streaks are
* how stable the result is
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## What it looks like in practice
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### Flexible strategy logic setup
You can separately define conditions for Long and Short, combine signals, filters, and entry rules.
*The screenshot shows that in Backtester you can flexibly set up to 6 entry conditions and filters for each Long / Short direction.*
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### Full statistics on output
Backtester doesn't just draw entries on the chart; it shows the result in numbers: PnL, drawdown, profitable trades, profit factor, and equity curve - everything is calculated by TradingView itself and is as reliable as possible.
*The screenshot shows the test result: detailed key statistics with lots of data.*
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### What is especially valuable
The main thing is that you can test **not someone else's “magic strategy”**but **your own logic**.
-Your rules\
-Your market\
-Your timeframe\
-Your approach\
-Your settings and filters
That is why Backtester is indispensable for those who want to build their own algorithms and turn them into algo trading using bots.
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## How to get access
🔥 **At the moment, Midas Backtester is not sold as a separate plan.**
Access to it is received by everyone who subscribes to Midas **for 12 months**.
If you were already planning to use Midas for a long time, subscribe for a year at the best price and get Backtester as a bonus!
**Get access:**\
👉[https://t.me/Midas\_indicator\_bot](https://t.me/Midas_indicator_bot?start=utmsource-tg)
## How to set it up
Quick start: how to use Midas Backtester
### 1. Add Backtester to the chart
Open TradingView and add **Midas Backtester** as a strategy.
After that, it will start displaying trades and statistics on the selected instrument.
### 2. Set up entry and exit logic
Choose:
* trading direction and position reversals
* Long entry conditions
* Short entry conditions
* additional filters (see the detailed tooltips for each filter)
* stops (regular stop or trailing stop)
* additional indicator exit conditions
It's better to start with simple logic, and then gradually add conditions.
### 3. Check the result in the statistics
After setup, open the strategy results and look not only at profit.
#### What is the drawdown?
A strategy can be profitable, but too psychologically and risk-wise heavy.
#### Is the result not relying on a single lucky stretch?
Test the strategy on different periods and instruments.
#### Are fees and bad entries eating up everything?
Especially important on low timeframes.
### 4. How to test properly
* don't fit the settings to one pretty section
* check different markets and timeframes
* compare several versions of the logic
* look not only at PnL, but also at drawdown
* test first, real money later