TestMax is an online trading backtesting platform that replays real historical market data candle-by-candle. It allows traders to practice placing trades for free on NQ (Nasdaq), ES (S&P 500), and EURUSD, upgrade for CL (Crude Oil) and GC (Gold), and analyze performance without risking real money.

How does TestMax backtesting work?

TestMax replays real 1-second historical market data candle-by-candle at adjustable speeds (1x to 50x). You place market, limit, stop, or stop-limit orders in real time as the chart progresses. The platform tracks your positions, calculates P&L, and provides detailed analytics including win rate, Sharpe ratio, profit factor, equity curves, and calendar heatmaps.

Is TestMax free to use?

Yes, TestMax offers a free plan with full backtesting features including real-time market replay, all order types, drawing tools, trade analytics, journal, and equity curve tracking. The free plan includes NQ, ES, and EURUSD with a limited recent data window and is ad-supported. Pro starts from $14.99/mo and unlocks CL, GC, unlimited historical data, removes ads, and adds prop firm challenge mode. See pricing at https://test-max.com/pricing/.

What markets and instruments does TestMax support?

TestMax supports free replay on NQ (Nasdaq 100 E-mini), ES (S&P 500 E-mini), and EURUSD. Pro adds CL (Crude Oil) and GC (Gold Futures). Each instrument uses accurate tick sizes, multipliers, and real historical market data sourced from Databento for authentic backtesting conditions.

What analytics does TestMax provide?

TestMax provides comprehensive trading analytics including: win rate, profit factor, Sharpe ratio, maximum drawdown, equity curve visualization, calendar heatmap showing daily P&L, time-of-day analysis, trade journal with tags and ratings, session-by-session breakdowns, and per-instrument performance metrics. All analytics update in real time as you trade.

What is the Prop Firm Challenge Mode in TestMax?

The Prop Firm Challenge Mode (Pro plan) simulates real proprietary trading firm evaluation rules. It enforces drawdown limits (trailing, static, daily), profit targets, consistency rules, trading hour restrictions, and weekend/overnight holding rules. This lets you practice prop firm challenges without paying evaluation fees before a real evaluation attempt.

How is TestMax different from paper trading?

Unlike paper trading which uses live markets (requiring you to wait in real time), TestMax replays historical data at adjustable speeds. You can compress hours of market action into minutes, practice on specific historical scenarios (like high-volatility days), and complete multiple trading sessions in a single sitting. This makes deliberate practice far more efficient than traditional paper trading.

What drawing and analysis tools does TestMax offer?

TestMax includes 40+ professional drawing and analysis tools including: trendlines, horizontal lines, Fibonacci retracement, channels, rectangles, volume profile overlay, measurement tools, and more. The platform supports 7 timeframes with multi-timeframe analysis, allowing you to view context timeframes alongside your trading timeframe.

Can I track my trading journal on TestMax?

Yes, TestMax includes a built-in trade journal where you can log notes, assign tags, and rate your trades. Journal entries are linked to specific trading sessions, making it easy to review your decision-making process alongside your actual trade results and analytics.

Does TestMax work on mobile devices?

TestMax is a responsive web application that works in modern web browsers on desktop, tablet, and mobile devices. For the best trading experience with full chart visibility and drawing tools, a desktop or laptop screen is recommended. The platform is also installable as a Progressive Web App (PWA) for quick access.

How does TestMax pricing compare to alternatives?

TestMax Pro starts from $14.99/mo, which is significantly less than FX Replay ($35/mo) or TradeZella ($49/mo). TestMax also offers a free plan with market replay, order types, drawing tools, and analytics. See pricing at https://test-max.com/pricing/.

MasterYourTrading.
RiskNothing.

Practice trading with real historical market data. Replay any market session, execute trades, and analyze your performance — all without risking a single dollar. Explore the full set of backtesting features.

Start Free

Pro plan just $14.99/mo — see how we compare

ES · 1min+$1,240.00

09:3010:1511:0011:45

Everything You Need to Improve

TestMax provides a complete backtesting environment built for serious traders who want to sharpen their edge. Practice with real historical market data, place orders in real time, and track every metric that matters.

Replay

Historical Replay

Play, pause, and control speed. Step candle by candle through any market session.

Orders

4 Order Types

Market, limit, stop, and stop-limit orders with SL/TP and built-in R:R calculator.

Analytics

Full Analytics Suite

Equity curve, calendar heatmap, time analysis, Sharpe ratio, and 12 performance metrics to track your edge.

64% Win Rate2.14 PF1.87 Sharpe

Pro Feature

Prop Firm Mode PRO

Multi-phase challenges, trailing drawdowns, daily loss limits, and consistency rules — just like real prop firms.

Profit Target62%

Max Drawdown16%

Charting

40+ Drawing Tools

Fibonacci, Gann, pitchfork, Elliott waves, harmonic patterns, channels, and more.

Layouts

Multi-Chart Layouts

View up to 4 charts simultaneously with context timeframes.

Algo

Algo Playground PRO

Write Python strategies, backtest against real data, and compare results. Built-in templates or code from scratch.

Journal

Trade Journal

Log notes, assign tags, and rate every trade. Revisit your decisions alongside the actual chart.

Review

Trade Review

Click any trade to replay it on the chart — entry, exit, stop-loss, and take-profit marked across 8 timeframes, with full P&L and R:R breakdown.

Entry / ExitSL / TP8 timeframesR:R ratio

How It Works

Choose Your Setup

Pick your instrument and start date. We have real historical data ready to replay.

Trade the Replay

Watch the market unfold candle by candle. Place orders just like you would live.

Analyze & Improve

Review your analytics, journal your trades, and refine your strategy.

Pro Feature

Simulate Real Prop Firm Challenges

Multi-Phase Evaluation
Pass Phase 1, then Phase 2 — just like real firms.
4 Drawdown Types
Static, trailing EOD, trailing real-time, and daily drawdown.
Daily Loss Limits
Hit the limit and your day ends automatically.
Consistency & Rules
Min trading days, consistency score, profit targets.

Try Prop Firm Mode

Prop Firm Challenge

Phase 1 of 2

Active

Profit Target$6,200 / $10,000

Daily Loss Limit-$800 / -$5,000

Max Drawdown · Trailing EOD-$1,600 / -$10,000

Trading Days 7 / 10

Consistency OK

Pro Feature

Build & Test Trading Algorithms

Python Code Editor
Write strategies in a full-featured Monaco editor with syntax highlighting.
Built-in Templates
SMA crossover, RSI scalper, channel breakout — customize or start from scratch.
Real-Time Backtesting
Watch your strategy execute bar-by-bar against real historical data.
Strategy Comparison
Save runs and compare performance across different parameters and timeframes.
TopStep API Compatible
Scripts work with the real TopStep ProjectX Gateway for live trading.

Try Algo Playground

sma_crossover.py

def on_bar(bar, account, api):

# Calculate moving averages

sma_fast = sma(account.bars, 10)

sma_slow = sma(account.bars, 30)

if sma_fast > sma_slow and not account.position:

api.place_order("BUY", qty=1)

elif sma_fast < sma_slow and account.position:

api.place_order("SELL", qty=1)

Trades 47

Win Rate 62%

P&L +$3,240

Complete

See the Platform in Action

A professional-grade trading replay environment built with the tools you need.

PRO

Balance:$100,000.00

Equity:$101,240.00

Realized P&L:+$1,240.00

Unrealized P&L:+$240.00

ES · 1min

0.382

0.5

0.618

09:3010:0010:3011:0011:3012:0012:3013:00

40+ Drawing Tools

BUY

SELL

Place Order

Order Ticket

ES · Mar 2024

4,521.25

Live

BUY LongSELL Short

MKTLMTSTPS-L

Qty

−1+

Entry

Mkt4521.25

12510

PXTKPT

SL4515.00

TP4533.25

Set On Chart

Loss

-$125

Gain

+$250

R:R

1:2.0

BUY · 1 @ Market

Positions (1)

LONGES x1

+$240.00✕

Pending Orders

No pending orders

Risk : Reward

Jump

Speed1x2x5x10x25x50x

TF1s5s1m5m15m

ESJan 15, 10:23

35.3%End

Know Exactly Where You Stand

TestMax tracks every metric that matters with a full analytics dashboard. View your win rate, profit factor, Sharpe ratio, maximum drawdown, equity curve, and calendar heatmap — all updated in real time as you trade.

Performance Analytics Live

Total P&L+$8,420

Win Rate64%

Profit Factor2.14

Max Drawdown-$1,240

Recovery map+$8,420

High, low, and current equity in one review surface.

High water+$8,640

Low water-$430

Best dateMar 18

Worst dateMar 11

Risk desk

Avg Loss-$118

Max Drawdown-$1,240

Equity Drawdown-$2,310

Largest Loss-$540

Month commandMarch 2026

Net P&L+$2,680

Active days22

2NQ+320

3ES-140

4NQ+210

5NQ+95

6ES-60

9NQ+540

10ES+220

11NQ-330

12NQ+180

13NQ+410

16ES-210

17NQ+160

18NQ+480

19ES+90

20NQ-75

23NQ+260

24NQ+130

25ES-180

26NQ+350

27NQ+200

30NQ+120

31ES-90

Execution tape

HourDay

Trading Calendar

Track and analyze your backtesting performance over time with our intuitive calendar view. Quickly navigate to specific dates in market data and gain insights into your trading patterns and results with visual performance tracking.

Performance tracking over time
Quick date navigation
Visual performance indicators
Historical session analysis

Trading Calendar

Schedule and track your trading sessions in a calendar view.

July 2025

Mon

Tue

Wed

Thu

Fri

Sat

Sun

1st EURUSD -1.0%

1st AUDCAD -0.9%

Total: -1.9%

1st EURUSD +1.3%

1st EURUSD +2.4%

Total: +3.7%

1st EURUSD +1.1%

1st EURUSD -1.0%

Total: +0.1%

EURUSD1H

EURCHF4H

EURUSD15M

GBPUSD1D

TradesAnalyticsLogsNotesSave Session

Multi-Chart Layouts & Syncing

Analyse the market across multiple timeframes simultaneously with split-screen chart layouts. Synchronized crosshairs keep every pane aligned so you never lose context switching between views.

Split-screen multi-chart layouts
Synchronized crosshairs across timeframes
Clean secondary chart views without clutter
Flexible layout presets

Timezone & Workspace Customization

Trade on your time, not the server's. Set your local timezone so session times, news events, and chart candles all align with your trading day. Save and restore full workspace environments so you're always one click from your preferred setup.

Customizable chart timezones
Saveable workspace environments
Sync sessions with local time
Persistent layout preferences

UTC-01:00

UTC+00:00

UTC+01:00

UTC+02:00

UTC+03:00

UTC+03:30

UTC+04:00

Settings

ChartTradingSessionsTools

Trading Session Hours (UTC)

Configure custom session times for indicators and jump-to feature.

Asian Session

Start Hour

End Hour

European Session

Start Hour

End Hour

US Session

Start Hour

End Hour

Reset to Defaults

CancelApply

Simple, Transparent Pricing

Free plan with full backtesting features. Upgrade to Pro for unlimited historical data, prop firm challenge mode, and algo backtesting.

FREE

Forever

Last 2 months of data
Real-time market replay
Full charting & order book
Trade analytics & journal
Equity curve tracking
Ad-supported

Get Started

Pro

$14.99

per month

Unlimited historical data
No ads — clean interface
US futures backtesting (ES, NQ, CL, GC)
Prop Firm Challenge Mode
Algo Playground
PDF report export
Priority support

Start Pro

Compare all plans →

How TestMax Compares

See why traders are switching to TestMax for backtesting.

Save up to $400/year compared to competitors

Feature	TestMax Pro	FX Replay	TradeZella
Monthly Price	$14.99	$35	$49
Full Features on Free Plan
Futures on Free Plan
4 Drawdown Rule Types
PDF Report Export
No Credit Card Required
40+ Drawing Tools
Candle-by-Candle Replay
Trade Journal & Analytics
Equity Curve & Heatmaps
Algo Strategy Backtesting
TopStep API Compatible

Start Free — Upgrade Anytime

40+

Drawing & Analysis Tools

Timeframes

Strategy Templates

Order Types

Frequently Asked Questions

Everything you need to know about TestMax and trading backtesting.

TestMax is an online trading backtesting platform that replays real historical market data candle-by-candle. Traders can practice for free on NQ (Nasdaq), ES (S&P 500), and EURUSD, upgrade for CL (Crude Oil) and GC (Gold), and analyze performance without risking real money.

MasterYourTrading.
RiskNothing.

Everything You Need to Improve

Historical Replay

4 Order Types

Full Analytics Suite

Prop Firm Mode PRO

40+ Drawing Tools

Multi-Chart Layouts

Algo Playground PRO

Trade Journal

Trade Review

How It Works

Choose Your Setup

Trade the Replay

Analyze & Improve

Simulate Real Prop Firm Challenges

Build & Test Trading Algorithms

See the Platform in Action

Know Exactly Where You Stand

Trading Calendar

Trading Calendar

Multi-Chart Layouts & Syncing

Timezone & Workspace Customization

Settings

Simple, Transparent Pricing

How TestMax Compares

Frequently Asked Questions

What is TestMax?

How does TestMax backtesting work?

Is TestMax free to use?

What markets and instruments does TestMax support?

What analytics does TestMax provide?

What is the Prop Firm Challenge Mode?

How is TestMax different from paper trading?

What drawing and analysis tools does TestMax offer?

Can I track my trading journal on TestMax?

What is the Algo Playground?

Does TestMax have an API?

Does TestMax work on mobile devices?

How does TestMax pricing compare to alternatives?

MasterYourTrading.RiskNothing.

Everything You Need to Improve

Historical Replay

4 Order Types

Full Analytics Suite

Prop Firm Mode PRO

40+ Drawing Tools

Multi-Chart Layouts

Algo Playground PRO

Trade Journal

Trade Review

How It Works

Choose Your Setup

Trade the Replay

Analyze & Improve

Simulate Real Prop Firm Challenges

Build & Test Trading Algorithms

See the Platform in Action

Know Exactly Where You Stand

Trading Calendar

Trading Calendar

Multi-Chart Layouts & Syncing

Timezone & Workspace Customization

Settings

Simple, Transparent Pricing

How TestMax Compares

Frequently Asked Questions

What is TestMax?

How does TestMax backtesting work?

Is TestMax free to use?

What markets and instruments does TestMax support?

What analytics does TestMax provide?

What is the Prop Firm Challenge Mode?

How is TestMax different from paper trading?

What drawing and analysis tools does TestMax offer?

Can I track my trading journal on TestMax?

What is the Algo Playground?

Does TestMax have an API?

Does TestMax work on mobile devices?

How does TestMax pricing compare to alternatives?

MasterYourTrading.
RiskNothing.