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Amibroker - Is it King of retail trading software??
- Thread starter gmst
- Start date
Quote from gmst:
Thanks very nice! This is the kind of comparative feedback which is very helpful. I have been with MC for years and have been trading futures so it serves all my needs. Now I am moving to trade stocks and thats why I am evaluating a new software, which must be fast, offer scanning, ranking and execution in a portfolio way. Cheers!
http://youtu.be/tjvJwlg-g9Y
Quote from Bob111:
i would say-the 'king' is whatever works for you and made you the money..i'm still using my own applications,written in VB6, 20 years old language..works for me and i'm sure that all my calculations\values are correct. + i like to have complete flexibility.
same for me but I use updated programming language.
Quote from GeorgeClueney:
For example event driven scan/exploration. It's noticed/planned.
here we go. i never used AB, but things like scraping earnings,upgrades\downgrades from certain sources into your database\application. stuff like that. just random example. like i said(referring to IB 's TWS)-you can't have it all. sometimes some of the stuff you have to do it yourself. if one can make steady returns out of regular retail soft-good for them(but i never saw any physical proof of that on ET ). as for me-i'm paranoid and control freak. i can only rely on my stuff,where i know every single line of code.
Quote from j2ee:
same for me but I use updated programming language.
in my case i stuck with the dilemma-i DAY trade huge baskets of stocks thru the day and preparation+ maintenance is a pain in the a**,that takes most of my time. i simply don't have time to keep up with languages. i wish i do..you just can't have it all. development,support,trading,DB maintenance, YOUR BROKER PLATFORM PROBLEMS,taxes, and so on and plus keeping up with new software,languages. .NET-i have it,top of the line LEGAL enterprise version dvd unopened for a decade or so.
Quote from gmst:
1) TS, MC, Ninja etc. all these softwares look way overpriced when they are compared against Amibroker. Around 1500$ vs 300$.
TradeStation has an unadvertised offer once a year (maybe November but may vary) where you get free platform for life and free quotes and data for life if you open a new account with $5,000.
Obviously some may still prefer AmiBroker but I am just mentioning this for information.
Quote from Bob111:
in my case i stuck with the dilemma-i DAY trade huge baskets of stocks thru the day and preparation+ maintenance is a pain in the a**,that takes most of my time. i simply don't have time to keep up with languages. i wish i do..you just can't have it all. development,support,trading,DB maintenance, YOUR BROKER PLATFORM PROBLEMS,taxes, and so on and plus keeping up with new software,languages. .NET-i have it,top of the line LEGAL enterprise version dvd unopened for a decade or so.
How do you day trade stocks while stocks up and down within a day is not that large. In Hong Kong, buy and sell already have 0.2% tax, just constantly earn 0.2% without leverage within a day is not easy.
Quote from apfx:
Suppose you have saved an exploration as analysis.apx in desktop lets say
JScript:
Code:AB = new ActiveXObject( "Broker.Application" ); Project = "C:\\Users\\You\\Desktop\\analysis.apx" NewA = AB.AnalysisDocs.Open(Project ); if ( NewA ) { NewA.Run( 1 ); // start Exploration asynchronously while ( NewA.IsBusy ) WScript.Sleep( 500 ); // check IsBusy every 0.5 second NewA.Close(); // close new Analysis }
Save this .js file in "C:\\Program Files\\AmiBroker\\Scripts\\RunAnalysis.js"
Now you can call the it form afl
AFL:
Code:Seconds = int( GetPerformanceCounter() /1000); Event = Seconds %10 == 0 ; if ( Event ) { Executed = Nz ( StaticVarGet ( "Executed")); if (!Executed) { ShellExecute("C:\\Program Files\\AmiBroker\\Scripts\\RunAnalysis.js", "",""); StaticVarSet ( "Executed", 1 ); } } else StaticVarSet ( "Executed", 0); RequestTimedRefresh(1); Title = "Event = " + Event + "\n";
Thanks APFX, much appreciated! I know of that but it's one side of even driven. I was referring to a different side as scan/exploration checks all symbols (if "Apply to" is set to "Filter" or to "All symbols") regardless if there is a new quote or not. Amibroker took notice of it (see AB forum).
Quote from themickey:
I've been using Amibroker for over 10 years and SierraCharts for about 2 years.
For stocks or mulitple symbols, AB is light years ahead of SC for speed and number crunching, backtesting and maintaining a database of historical data.
However I no longer trade stocks, I just trade one futures symbol - SPI, so I don't require the grunt and capabilities of AB.
These days I use AB to maintain many years of historical data which helps me see the big picture, as well, I do make suggestions to a friend on which stocks to buy. I can backtest hundred of symbols simultaneously (I screen for long term volatility looking at a number of parameters) and can come up with a result in a minute therabouts
I use SierraCharts as my trading platform linked in with InteractiveBrokers, I think SC is better for this than AB.
With SierraCharts I can design whatever entry/exit/stop/scalp system I like for placing trades and it is very easy to program and link in with IB.
So to summarise, AB is great for programming and testing for multiple suitable stocks, SC is great for placing trades to my preferred methods.
Please correct me if I'm wrong but SC is another platform where you can't backtest/optimize portfolio but baskets only. Also portfolio trading seems not to be possible. I think I have read something about it on their forums few months ago.