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Beyond Charts VS TradingView: Comparing Backtesting Software for Systematic Trading

If your priority is deep charting, technical analysis overlays, and social sharing, TradingView offers a more modern interface and broader access. But if you’re trying to build a consistent trading system or test a rule-based strategy with realism and control, neither is ideal for full systematic trading. Tools like RealTest or Amibroker are far more capable in those areas.

Let’s break down the comparison and help you choose where (or if) either of these tools fits into your systematic trading workflow.

Beyond Charts VS TradingView at a Glance:

Short on time? Here’s how Beyond Charts VS TradingView compare side by side.

Feature

Beyond Charts

TradingView

Platform Type

Windows-only desktop app

Web-based + desktop apps for Mac/Windows

Programming Language

BCFL (basic scripting)

Pine Script (v4/v5)

Charting

Deep technical analysis focus

Sleek, fast, and easy to use

Backtesting

Basic, limited control

Visual, non-portfolio based

Strategy Development

Manual workflows, not portfolio-based

Visual scripting, community-shared ideas

Execution Integration

No broker connectivity

Integrates with brokers like Interactive Brokers

OS Compatibility (Mac)

Via Parallels or Bootcamp

Native Mac app available

Pricing

One-time cost (~AUD $595)

Freemium + paid tiers

Platform Overview, Cost & Compatibility

Beyond Charts is a legacy desktop software for Windows users. There’s no native Mac version, so Mac users need a workaround like Parallels. It requires a paid license (~AUD $595) but gives lifetime access with no recurring fees.

TradingView, on the other hand, is cloud-based. It’s accessible from any browser and offers native desktop apps for both Windows and Mac. It operates on a freemium model, usable for free, but key features like multiple charts and advanced alerts require a paid plan.

For flexibility and access, TradingView wins. For long-term ownership and full offline control, Beyond Charts is more traditional.

Beyond Charts Main View:

Beyondcharts - main view

TradingView Main View:

Tradingview - main view

Market Access & Data Support in Beyond Charts VS TradingView

Beyond Charts is designed for traders using ASX and international markets via EOD data, typically from sources like Norgate. It’s not ideal if you want fast access to intraday or global markets without setup.

TradingView shines here. It offers real-time data on global stocks, crypto, forex, indices, and futures. You can scan and trade across exchanges like NASDAQ, NYSE, ASX, TSX, and Binance – all from one screen.

If you’re trading crypto or want a broader watchlist across multiple markets, TradingView clearly has the edge.

Beyond Charts Backtesting Interface:

Beyondcharts - backtesting interface

TradingView Backtesting Interface:

Tradingview - backtesting interface

Building & Customizing Trading Strategies

Both platforms fall short of what’s needed for robust trading system development.

Beyond Charts offers basic scripting with its own formula language (BCFL). But there’s no integrated portfolio backtesting, no automation, and no modern scripting structure.

TradingView provides Pine Script, a purpose-built language for building indicators and strategies. It’s well-documented and widely used, but it’s visual, and still doesn’t offer robust portfolio simulations or forward testing.

If you’re serious about building a systematic portfolio of rules-based strategies, you’ll outgrow both platforms quickly. You need something like RealTest or Amibroker.

Check Out: Trading System Development 

Beyond Charts Code Editor:

Beyondcharts - code editor

TradingView Code Editor:

Tradingview code editor

Backtesting Performance, Speed & Realism

This is where things get critical.

Beyond Charts: Backtesting is basic. It simulates strategy performance on a single instrument at a time with no support for portfolio-level testing, position sizing, or capital allocation. That makes it unsuitable for testing systems that include position sizing or require a realistic drawdown profile.

TradingView: Backtesting in Pine Script is scripted visually and runs on the chart. It’s great for spot testing, but it assumes you have infinite capital and doesn’t simulate real-world constraints like slippage, commissions, or competing positions.

For real traders building confidence in their edge, both tools fail to deliver the realism needed to build conviction in a system.

Check Out: Trading System Development 

Beyond Charts Backtest Report:

Beyondcharts - backtest report

TradingView Backtest Report:

Tradingview backtest report

Strategy Optimization & Stress Testing Tools

Neither platform has reliable features for trading system optimization. You won’t find:

  • Walk-forward testing
  • Monte Carlo analysis
  • Parameter sensitivity testing
  • Portfolio-level simulations

This makes it nearly impossible to test a strategy’s robustness under different market conditions or avoid curve fitting.

Again, RealTest or Amibroker do this far better and are built for that exact purpose.

Charting Features, Signal Exploration & Live Execution

Now here’s where both tools offer some value – especially for discretionary traders.

Beyond Charts:

  • Strong scanning tools
  • Deep technical analysis tools (including Elliott Wave and Gann tools)
  • Static watchlists and chart layouts

TradingView:

  • Intuitive charts and fast loading
  • Community-built indicators and strategies
  • Browser access from any device
  • Broker integration for direct execution

If you’re using a rules-based system and want a modern charting interface, TradingView can be a good companion for visual confirmation or trade execution, but not development.

Check Out Order Types | Automated Trading Systems

TradingView Automation Set Up:

Tradingview automation set up

Support, Documentation & Learning Resources

Beyond Charts has limited and outdated documentation, and new traders may find the learning curve frustrating without guidance.

TradingView, by contrast, has:

  • Massive community of script developers
  • Extensive documentation
  • Active forums and support

So if you’re starting out and want easier onboarding, TradingView is more accessible. But if you’re working toward full automation, you’ll hit a wall with both.

Beyond Charts Forum Front Page is illustrated down below:

Beyondcharts - forum front page via share wealth systems

TradingView Community Ideas Front Page is illustrated down below:

Tradingview blog

Beyond Charts VS TradingView: Which One Should You Use?

Use Case

Recommended Platform

System design & backtesting

Neither – use RealTest or Amibroker

Deep technical analysis

Beyond Charts

Fast charting & scanning

TradingView

Broker execution & alerts

TradingView

Full portfolio simulation

Not supported by either

If your goal is discretionary trading with a rules-based overlay, TradingView can serve you well.

But if you’re aiming for full systematic trading with confidence in your edge, both of these tools will leave you short.

Our Recommendation

If you want to:

  • Build profitable trading systems
  • Test them properly
  • Manage risk
  • Trade across multiple markets with minimal time and emotion

Then neither TradingView nor Beyond Charts is ideal.

Instead, you should be looking at RealTest for its speed, portfolio simulation, and realism. Or Amibroker for its advanced scanning and custom scripting capabilities (though expect a steeper learning curve).

Better yet, skip the years of trial-and-error and build your foundation inside the Trader Success System.

Want The Rest of the Puzzle?

Backtesting software is just one piece. The real transformation happens when you align your tools, your systems, and your psychology with your goals.

If you’re tired of chasing tips and want to build wealth systematically, the next step is clear: The Trader Success System.

Inside, you’ll discover:

Trading and Backtesting Software Review List

author avatar
Adrian Reid Founder and CEO
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets. His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years. Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.