If you’re looking for reliable, fact-based reviews of the best trading and backtesting software available, you’re in the right place. This page is your gateway to in-depth comparisons between the tools traders rely on to build, test, and automate their strategies.
At Enlightened Stock Trading, we focus on helping you become a consistent, confident, and systematic trader. One key part of that journey is choosing the right tools—ones that align with your trading personality, time availability, and objectives.
Below you’ll find:
- The key categories we use to review each software tool
- A list of head-to-head comparisons we’ve written
- Direct links to each in-depth article to help you choose the right platform
Each review follows a consistent structure to help you easily compare platforms feature by feature. We assess software across the following categories:
- Platform Overview, Cost & Compatibility
We review what operating systems the software supports, how much it costs, and how accessible it is for the average trader. - Market Access & Data Support
We break down which data providers are supported, what asset classes you can trade, and how the software handles data resolution and integrity. - Strategy Development Workflow
Whether you prefer coding, drag-and-drop systems, or importing strategies, we show how each platform helps you build and customise trading logic. - Backtesting Engine: Speed, Realism & Portfolio Simulation
This is the heart of our review. We focus on simulation accuracy, performance speed, and whether the software supports multi-system and portfolio-level testing. - Strategy Optimization & Robustness Testing
We explore each platform’s ability to test for curve-fitting, robustness, and walk-forward performance—so you can stress test your systems before risking real money. - Charting, Scanning & Execution
From advanced charting features to signal scanners and automation capabilities, we show how the software helps you move from backtest to live execution. - Documentation, Learning & Support
Traders need support. We evaluate the quality of documentation, active user communities, and developer responsiveness. - Final Verdict & Best Use Case
Each review closes with a verdict on which types of traders the software is best suited for, and where it fits in your systematic trading journey.
Trading and Backtesting Software Review List
Check our our Trading and backtesting software review hub
- RealTest vs Amibroker
- RealTest VS TradeStation
- RealTest VS NinjaTrader
- RealTest VS MultiCharts
- RealTest VS Wealth-Lab
- RealTest VS Beyond Charts
- RealTest VS Optuma
- RealTest VS TradingView
- RealTest VS MetaTrader 4 (MT4)
- RealTest VS MetaTrader 5 (MT5)
- AmiBroker VS TradeStation
- AmiBroker VS NinjaTrader
- AmiBroker VS MultiCharts
- AmiBroker VS Wealth-Lab
- AmiBroker VS Beyond Charts
- AmiBroker VS Optuma
- AmiBroker VS TradingView
- AmiBroker VS MetaTrader 4 (MT4)
- AmiBroker VS MetaTrader 5 (MT5)
- TradeStation VS NinjaTrader
- TradeStation VS MultiCharts
- TradeStation VS Wealth-Lab
- TradeStation VS Beyond Charts
- TradeStation VS Optuma
- TradeStation VS TradingView
- TradeStation VS MetaTrader 4 (MT4)
- TradeStation VS MetaTrader 5 (MT5)
- NinjaTrader VS MultiCharts
- NinjaTrader VS Wealth-Lab
- NinjaTrader VS Beyond Charts
- NinjaTrader VS Optuma
- NinjaTrader VS TradingView
- NinjaTrader VS MetaTrader 4 (MT4)
- NinjaTrader VS MetaTrader 5 (MT5)
- MultiCharts VS Wealth-Lab
- MultiCharts VS Beyond Charts
- MultiCharts VS Optuma
- MultiCharts VS TradingView
- MultiCharts VS MetaTrader 4 (MT4)
- MultiCharts VS MetaTrader 5 (MT5)
- Wealth-Lab VS Beyond Charts
- Wealth-Lab VS Optuma
- Wealth-Lab VS TradingView
- Wealth-Lab VS MetaTrader 4 (MT4)
- Wealth-Lab VS MetaTrader 5 (MT5)
- Beyond Charts VS Optuma
- Beyond Charts VS TradingView
- Beyond Charts VS MetaTrader 4 (MT4)
- Beyond Charts VS MetaTrader 5 (MT5)
- Optuma VS TradingView
- Optuma VS MetaTrader 4 (MT4)
- Optuma VS MetaTrader 5 (MT5)
- TradingView VS MetaTrader 4 (MT4)
- TradingView VS MetaTrader 5 (MT5)
- MetaTrader 4 (MT4) VS MetaTrader 5 (MT5)
Why This Matters
The right software won’t make you a profitable trader by itself—but the wrong one will slow you down, introduce costly errors, or keep you stuck in a loop of inconsistency.
That’s why we take software seriously. Every tool we review is examined through the lens of systematic trading success, not visual appeal or hype.
What’s Next
Choosing the best software is just one part of building a trading business. You also need the right strategies, risk controls, mindset, and support.
That’s why we created The Trader Success System. Inside, you’ll learn how to:
- Build and test robust trading systems
- Automate your portfolio
- Avoid common mistakes
- Manage drawdowns and risk
- Save time with pre-built systems coded for RealTest and Amibroker
It’s the shortcut to trading confidence and consistency.
