# Historical Forecasts

## Tutorial: Using Tradewell to Generate Historical Forecasts

This **2-minute** video teaches you how to generate a forecast of future price movement based on the historical performance of your trading strategy.

👇 Click the link below to open the platform and apply what you just learned

## Historical Forecasts Insight Definitions

### Best Exit if Long

The average number of trading days it takes for a signal originating from given a trading strategy to reach its highest return within an observed time period.

### Best Exit if Short

The average number of trading days it takes for a signal originating from given a trading strategy to reach its lowest return within an observed time period.

### Max Run Up

The maximum observed gain, from a trough to a peak, of a trading strategy, before a new trough is attained.

### Max Drawdown

The maximum observed loss, from a peak to a trough, of a trading strategy, before a new peak is attained.

Last updated