Backtesting is the use of historical cryptocurrency price data to simulate and assess the performance of a trading strategy or algorithm.
Backtesting plays a pivotal role in shaping successful trading strategies within the blockchain landscape. By uncovering profitable edges, it enables traders to construct rules-based approaches devoid of emotional biases.
Beyond this, backtesting instills confidence by allowing a thorough evaluation of strategy viability before any real capital is put at risk.
While backtesting brings a systematic approach to crypto trading, building practical backtesting inputs presents several challenges:
While blockchains retain exhaustive transaction records, crafting precise backtesting datasets from this raw data requires substantial expertise and infrastructure — beyond the reach of most small firms in terms of both time and efficiency.
Despite public blockchains being open-source, indexing the entire blockchain data incurs significant expenses. Building a node, cleaning the data, and organizing it require both expertise and resources.
While raw public data is accessible at no cost, transforming it into a format suitable for algorithmic trading backtests demands substantial computing resources and know-how.
The Footprint BatchDownload Solution is your objective answer to efficiently accessing blockchain historical data.
Experience the seamless access of over 30 blockchain historical datasets through Footprint’s Batch Download solution. You can effortlessly transfer vast historical data across various file formats, leveraging the efficiency of cloud storage.
This data covers the full history and you can retrieve incremental data within a single day, encompassing both full history and incremental updates.
Experience significant cost savings with Footprint’s Batch Download ssolution. It’s far more economical than setting up nodes or pursuing a self-build approach. Benefit from affordable, developer-first pricing, ensuring that obtaining high-quality, structured historical blockchain data doesn’t break the bank. Save time, resources, and money with Footprint’s cost-effective solution.
Transforming blockchain data into backtesting-ready formats poses obstacles for traders. Footprint’s Batch Download provides 30+ clean, structured historical data to seamlessly power your modeling. Check our website or schedule a meeting to know more about the solution.
What is Footprint Analytics?
Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 20+ chains for NFTs, GameFi, and DeFi.
Footprint Website: https://www.footprint.network