How to Test Signal Software in a 2-Day Trial: A Checklist

Most people spend a software trial watching arrows appear and feeling either hopeful or doubtful. Two days later they know nothing they did not know before. A trial is useful only if you decide in advance what you are testing and write down what you see.

This checklist works for any buy/sell signal software, ours or anyone else's. It assumes a trial of about two market days, which is the length of the WizeBuySell free trial. If the vendor gives you longer, repeat day two.

Before the trial starts

Answer three questions on paper. They take ten minutes and they stop the trial from turning into window-shopping.

1. What do you trade? Pick one or two symbols you already know, for example Nifty and one stock future. Do not test on a market you have never watched.
2. Which timeframe? Choose one that matches the hours you can actually sit at the screen. A 5-minute chart is of no use to someone in meetings till noon.
3. What does "useful" mean to you? Write one sentence. For example: "Signals I can act on within a minute, with a stop-loss I can afford, that do not change after the candle closes."

Also open a plain spreadsheet with these columns: date, time, symbol, direction, plotted entry, stop-loss, targets, what happened, notes.

Day 1: watch, count and screenshot

Do not place any trade on day one, not even on paper. Your job is to check that the software is honest with its own chart.

The repaint test

Repainting means a signal appears, then moves or disappears once later candles come in. A repainting indicator looks perfect in hindsight and is useless live. The test is simple:

1. When a signal appears, wait for that candle to close.
2. Take a screenshot showing the signal, the candle and the system clock.
3. Take another after 30 minutes, another at the end of the session, and one more the next morning.
4. Compare. The signal must sit on the same candle at the same price in all four.

Do this for every signal on day one, not for a sample. Also restart the platform once during the day and check that old signals are still where they were.

Count and classify

At the end of the session, count the signals. Then mark each one as clear, late or unclear. Late means the entry price was already far behind the market when the signal confirmed. Unclear means you could not tell what the software wanted you to do. A high share of late or unclear signals is a finding, even if the arrows look good afterwards.

Check the alerts

If the software offers popup, sound, mobile or WhatsApp alerts, confirm that each one actually arrives and note the delay against the chart. An alert that reaches you two minutes late on a 5-minute chart changes the trade.

Day 2: paper-trade every signal

On day two, take every signal on paper. Every one, including those you dislike. Skipping the ugly ones is how a trial log ends up better than real trading ever will be.

For each signal, record:

• The plotted entry, and the price you could realistically have got a few seconds after the alert. The difference is slippage. Log it on every trade.
• The plotted stop-loss and targets, and which was touched first.
• Whether the stop distance was affordable for your capital at a sensible quantity.
• How the trade ended: target, stop-loss or session close.

Use the software's own levels, not your improvements. You are testing the tool as it is.

Questions to ask the vendor

Ask these in writing, on WhatsApp or email, so you have the answers later.

• Is there a full signal log that includes the losing signals and every stop-loss hit? Can I see it before paying?
• What are the refund terms, exactly, and where are they published?
• If I change my PC or reinstall Windows, do I pay again?
• Who answers support, during which hours, and on which channel?
• Are you SEBI-registered as an Investment Adviser or Research Analyst? If not, do you say so plainly?

On the last point: software that plots levels from a fixed formula is a different thing from an advisory service. Either answer can be legitimate. What matters is that the answer is straight and matches what the vendor does. An unregistered vendor who sends personal buy and sell calls by message is a different matter, and a reason for harder questions.

Red flags

• An "accuracy" percentage. A single number hides stop distance, target distance, the period chosen and the signals left out.
• Profit screenshots. They prove that one account made money on one day, if they are real at all.
• Pressure to pay today: an offer that ends tonight, or "only three licences left".
• No trial, or a trial only on recorded data.
• No written refund policy.
• Promises of fixed monthly income.

One red flag is reason to slow down. Two is reason to walk away.

The checklist you can copy

What two days cannot tell you

Two days cannot tell you whether the software makes money. If both days trend strongly, every trend-reading system looks brilliant. If both days are sideways, every such system gets whipsawed and looks broken. Neither picture is the truth.

What two days can tell you is narrower and still valuable: the signals do not repaint, the levels are complete, the alerts work, the pace suits you, and the vendor answers questions straight. For the longer view, read the vendor's full signal log across different months, including the bad ones.

How the WizeBuySell trial works

Briefly, since this is our blog. You fill in the form with your name and WhatsApp number. We call, then either install the AFL on your AmiBroker over a remote session of about 20 minutes or add your TradingView username to the invite-only indicator. You get two full market days of live signals. No card is asked for, and if you do nothing the access simply stops.

We are not SEBI-registered, we do not publish an accuracy percentage, and the software does not place orders. Refund and reinstall terms are in the FAQ.

This post is educational and is not investment advice; see the disclaimer.

What to do next

Copy the table into a spreadsheet, fill in the three questions from the first section, and then book the 2-day free trial. Run the same checklist on us that you would run on anyone else.