> For the complete documentation index, see [llms.txt](https://docs.bigbeluga.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bigbeluga.com/backtesters/smart-money-backtester/properties.md).

# Properties

### <mark style="color:$primary;">Capital</mark>

<div align="left"><figure><img src="/files/b5tpM2YiNV808hO05RC2" alt=""><figcaption></figcaption></figure></div>

* **Initial Capital**: Sets the starting balance for backtesting.
* **Base Currency**: Defines the currency used in the backtest.
* **Order Size**: Specifies position size as a percentage of equity or a fixed amount.
* **Pyramiding**: Limits the number of simultaneous open orders.

***

### <mark style="color:$primary;">**Cost Simulation**</mark>

<div align="left"><figure><img src="/files/bcZcUgRatDmJQfnLDqsm" alt=""><figcaption></figcaption></figure></div>

* **Commission**: Sets trade fees as a percentage or fixed value.
* **Verify Price for Limit Orders**: Defines the number of ticks to verify order execution.
* **Slippage**: Adjusts simulated price deviations due to market conditions.

***

### <mark style="color:$primary;">**Margin**</mark>

<div align="left"><figure><img src="/files/5Tbtogpv5wulIkVW4UZm" alt=""><figcaption></figcaption></figure></div>

* **Margin for Long/Short Positions**: Sets margin requirements as a percentage of position size.

***

### <mark style="color:$primary;">**Recalculate Options**</mark>

<div align="left"><figure><img src="/files/7TC1C15PZ5l2KAnAo0jd" alt=""><figcaption></figcaption></figure></div>

* **After Order is Filled**: Recalculates strategy logic when a trade is executed.
* **On Every Tick**: Updates calculations on each price tick.

***

### <mark style="color:$primary;">**Fill Orders**</mark>

<div align="left"><figure><img src="/files/9LCQsvuLJhrPGNfxnpBm" alt=""><figcaption></figcaption></figure></div>

* **Using Bar Magnifier**: Simulates intrabar price movements for more accurate fills.
* **On Bar Close**: Executes orders at the close of each bar.
* **Using Standard OHLC**: Uses Open, High, Low, Close data for order execution.

***

The **Properties Panel** establishes the backtest’s foundational parameters, ensuring every simulation reflects realistic market and brokerage conditions.

By adjusting capital, fees, and slippage, traders can create **accurate, risk-aware simulations** that closely replicate live trading performance.