diff --git a/Api/Api.cs b/Api/Api.cs
index ca7e65770bd3..a0df726b2d6b 100644
--- a/Api/Api.cs
+++ b/Api/Api.cs
@@ -706,6 +706,31 @@ public RestResponse DeleteBacktestTags(int projectId, string backtestId, IReadOn
             return result;
         }
 
+        /// <summary>
+        /// Updates the tags collection for a backtest
+        /// </summary>
+        /// <param name="projectId">Project for the backtest we want to update</param>
+        /// <param name="backtestId">Backtest id we want to update</param>
+        /// <param name="tags">The new backtest tags</param>
+        /// <returns><see cref="RestResponse"/></returns>
+        public RestResponse UpdateBacktestTags(int projectId, string backtestId, IReadOnlyCollection<string> tags)
+        {
+            var request = new RestRequest("backtests/tags/update", Method.POST)
+            {
+                RequestFormat = DataFormat.Json
+            };
+
+            request.AddParameter("application/json", JsonConvert.SerializeObject(new
+            {
+                projectId,
+                backtestId,
+                tags
+            }), ParameterType.RequestBody);
+
+            ApiConnection.TryRequest(request, out RestResponse result);
+            return result;
+        }
+
         /// <summary>
         /// Create a live algorithm.
         /// </summary>
diff --git a/Engine/Results/LiveTradingResultHandler.cs b/Engine/Results/LiveTradingResultHandler.cs
index 00ca69b05b26..ab320372726b 100644
--- a/Engine/Results/LiveTradingResultHandler.cs
+++ b/Engine/Results/LiveTradingResultHandler.cs
@@ -1292,7 +1292,7 @@ public void SetSummaryStatistic(string name, string value)
         /// Handles updates to the algorithm's name
         /// </summary>
         /// <param name="name">The new name</param>
-        public void AlgorithmNameUpdated(string name)
+        public virtual void AlgorithmNameUpdated(string name)
         {
             Messages.Enqueue(new AlgorithmNameUpdatePacket(AlgorithmId, name));
         }
@@ -1301,7 +1301,7 @@ public void AlgorithmNameUpdated(string name)
         /// Handles updates to the algorithm's tags
         /// </summary>
         /// <param name="tags">The new tags</param>
-        public void AlgorithmTagsUpdated(HashSet<string> tags)
+        public virtual void AlgorithmTagsUpdated(HashSet<string> tags)
         {
             Messages.Enqueue(new AlgorithmTagsUpdatePacket(AlgorithmId, tags));
         }
diff --git a/Tests/Api/ProjectTests.cs b/Tests/Api/ProjectTests.cs
index f6619486d79f..fc7babf9990b 100644
--- a/Tests/Api/ProjectTests.cs
+++ b/Tests/Api/ProjectTests.cs
@@ -395,6 +395,16 @@ public void AddAndDeleteBacktestTags()
             readTagsResult = ApiClient.GetBacktestTags(TestProject.ProjectId, TestBacktest.BacktestId);
             Assert.IsTrue(readTagsResult.Success, $"Error reading backtest tags:\n    {string.Join("\n    ", readTagsResult.Errors)}");
             CollectionAssert.IsEmpty(readTagsResult.Tags);
+
+            // Override the whole set of tags
+            var newTags = new List<string> { "tag4", "tag5", "tag6" };
+            var updateTagsResult = ApiClient.UpdateBacktestTags(TestProject.ProjectId, TestBacktest.BacktestId, newTags);
+            Assert.IsTrue(updateTagsResult.Success, $"Error updating backtest tags:\n    {string.Join("\n    ", updateTagsResult.Errors)}");
+
+            // Read the backtest tags and verify the tags were updated
+            readTagsResult = ApiClient.GetBacktestTags(TestProject.ProjectId, TestBacktest.BacktestId);
+            Assert.IsTrue(readTagsResult.Success, $"Error reading backtest tags:\n    {string.Join("\n    ", readTagsResult.Errors)}");
+            CollectionAssert.AreEquivalent(newTags, readTagsResult.Tags);
         }
 
         private static string GetTimestamp()