I have hourly open,high,low,close candles data for a particular asset. I wrote my own algo and some back testing code that replays the data from the past hourly candles to calculate the total return and total standard deviation. So let's say my set contains 30k hourly candles, I can run my code and replay only first 100, 1k etc.
I'm thinking, how do I annualise the returns of this kind of data? Is it feasible at all or the "error" would be too big? The more general question is how to measure performance of a hourly strategy on an annual basis.