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what broker will your system be interfacing with? will it be doing so using FIX?

perfect - thank you. "A distribution with positive kurtosis is called leptokurtic. In terms of shape, a leptokurtic distribution has a more acute "peak" around the mean (that is, a higher probability than a normally distributed variable of values near the mean) and "fat tails" (that is, a...

excuse my ignorance here, but "fat-tails" are in essence distributions that do not fall to near-zero at their extremes? im very interested but this is a little over my head... if you could answer or point me to an answer somewhere i would be grateful - thanks

agreed on all points above... essentially if you see a limit order matching the price you want, go ahead and try to route to it, but in almost all other instances you are better off going through ARCA which seems to do the best job in routing out.

it could well be multiple market makers adjusting simultaneously

judging from IYR and other things... i bet this will be an EXTREMELY hard crash to time...

IYR is amazing - look at the chart! comments?

i once worked at a daytrading firm where i personally saw the head trader lose > 100k on at least 10 different days... never won more than 75k... obviously the whole outfit tanked. what an idiot!

taowave: is there a good user community for tradersstudio?

^ interesting if i was to use just EOD data, what quote feed would one suggest i use for amibroker? (excluding intra-day data for now)

it seems like amibroker and wealth-lab have the two largest use communities that will assist with coding problems... are there any other programs that have large user communities like this? again, thank you everyone for your comments.

shorty: did you have much programming experience before using amibroker?

what are some other good packages? does anyone have experience backtesting with excel?

thank you taowave, those are excellent points... this is really helping my decisions.

hmm... sounds like you are suggesting that i should lean towards something like amibroker (which is more powerful overall from what i have read) as opposed to wealth-lab and just suck up the difficulty factor... ? thanks again!

anyone else? do this few people actually backtest? thanks again for any and all responses...

i am considering opening an account with fidelity for this very reason (wealth-lab). investor R/T looks interesting as well... does anyone have thoughts on whose discussion boards are more helpful in regards to these products? thanks for any responses :)

i will look into tradersstudio, but i would feel more comfortable with trying it if it was reviewed in the software section of ET and received overwhelmingly positive ratings like both wealth-lab and amibroker have. i will be using open, high, low, close of previous bars and then intraday...

very interested in anyone's coments who have experience with these platforms or experience with these vs. excel... thanks.

i am ready to back-test my system... it seems like amibroker and wealth-lab can both do what i need... which should i choose? any other packages that can do good backtesting with candlestick-based strategies? i will be learning the programming slowly but surely... im not pressed for...