Terminology

the following page provides a definition for some common terms that you'll see used throughout our backtester backtest a backtest is the actual result set of a run a backtest contains a name, start/end date, starting balance, one or multiple positions, and accompanying performance charts, stats, and trade logs position a position is a specific strategy type that is included in a backtest, such as a short put, strangle, or iron condor a backtest can contain anywhere from 1 to 8 separate positions each position has its own entry and exit conditions that will determine which trades to make in the example below, you'll see 3 strangle positions listed for this backtest trade a trade is a specific entry and exit that is generated based on the position's configuration each position generates multiple trades during a backtest, and it's those trades that determine the profit or loss for the backtest