Honest answers
A tool to build a trading strategy with no code, test it on decades of real market history, and get an honest verdict on whether the backtest survives the statistical traps that fool most strategies. It's a laboratory for testing your own ideas — not a place that tells you what to buy.
No. We are not a SEBI-registered Research Analyst or Investment Adviser, and we do not sell signals, tips, or buy/sell calls — to anyone, at any price. Everything here is educational software. Nothing on the platform is a recommendation to buy, sell, or hold any security.
It measures whether your backtest survives five well-known ways a backtest can lie to you: overfitting (does the edge hold on data it wasn't fitted to?), luck (could the profit be random?), costs (does it survive real frictions?), survivorship bias, and sample size. A high score means the backtest is not obviously a lie — that's necessary, but never sufficient, for a real edge.
Because, tested honestly, most strategies are. The score usually drops for one of a few reasons: the edge vanishes out-of-sample (overfit), the profit isn't statistically distinguishable from luck, real costs eat it, or it was only ever tested on today's winning stocks. This is the point of the tool — to show you that before you risk money, not after. A low score is a lesson, not an insult.
No — and anyone who tells you otherwise is lying. No backtest, however clean, can predict the future. Markets change. A high score means your strategy survived honest scrutiny of the past; it is a reason to paper-trade and investigate further, never a promise of profit.
Bundled end-of-day history: US large-caps back to 1970, plus NIFTY50/BANKNIFTY and major NIFTY stocks. Each data set carries an honest caveat on its card (e.g. survivorship bias on current-constituent stock baskets; prices are split-adjusted but not dividend-adjusted). You can also upload your own trade-history CSV from any platform.
Yes. Strategies you build are yours. We store them only to run the service (your ledger, your progress). We never sell them, trade on them, or show them to anyone. If you choose to share a verdict publicly, only the verdict is published — the strategy's rules stay private. See our Privacy page.
By construction. Signals are evaluated on a day's close, and trades fill at the next day's open — so a strategy can never act on information from a bar it hasn't finished yet. When a stop and a target are both touchable in one bar, we assume the stop filled (the conservative, pessimistic choice). Optimistic fills are how fake equity curves are born; we refuse them.
One click runs your strategy through the worst regimes on record — the dot-com bust, the 2008 financial crisis, the 2013 taper tantrum, the COVID crash, the 2022 rate-hike grind. Most platforms default to recent, friendly data, so most strategies are validated on sunshine. A strategy you wouldn't hold through 2008 isn't a strategy.
The core is free, with a monthly limit on the number of runs. A Pro tier (unlimited runs and more) is planned but not yet live — nothing charges you today. When it launches, existing users will be the first to know.
The platform is for education and research. Backtested results are hypothetical, use end-of-day data, and will differ — sometimes drastically — from live trading. Any decision to trade real money, and its consequences, are entirely yours. Please do your own due diligence and consider consulting a SEBI-registered adviser.
Contact us (see the About page) and we will delete your account, strategies, reports, and event history — no questions asked.
Educational only. Not investment advice. The Honest Quant is not a
SEBI-registered adviser and does not sell signals or recommendations.
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