Backtesting

Quote from dandxg:

Another question if I could. I am not trying to hijack your thread. How hard is it to write code. Frankly, I have never written code at all.

I would like to test something this ..........buy on a entry green candle when the set up candle closes btween 4-9 ticks above my S/R line. Those variables must be met or the trade is invalid. Once in stop is at 8 ticks from entry, once it has 9 ticks profits, roll to break even, with a profit target of 14 ticks of more.

Can this be done by a novice like me that is willing to learn, whether it be amibroker or something else?

Thanks much.

Dan
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How long it will take you to learn from scratch how to write code depends on a lot of things, but self-confidence, persistence and hard work are often the keys. It won't be so much dependent on the software you choose. If you have the keys, anything is possible.

The specific strategy you describe and a lot of other equally complex strategies can be coded. Just requires patience and persistence.
 
Quote from tradebanzai:

Thanks, guys!

I've heard Amibroker sometomes has some errors and works not good. Is that correct?
Is it possible to find somewhere intraday data for american stocks for Tradestation?

Thanks for your support.
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Amibroker is continuously being enhanced. Every now and then, there may be a bug that appears in a new release but it gets fixed very quickly. Amibroker works very well in my experience and what you heard is not correct.

From Qcharts.com you can get intraday data for US stocks in ASCII files, which you can then probably import to Tradestation
 
I also vote vor amibroker. I use it already a couple of years and can't live without it.
Amibroker is extremely fast and you can do probably everything you wish.


Thomas
 
Quote from dandxg:

Another question if I could. I am not trying to hijack your thread. How hard is it to write code. Frankly, I have never written code at all.

I would like to test something this ..........buy on a entry green candle when the set up candle closes btween 4-9 ticks above my S/R line. Those variables must be met or the trade is invalid. Once in stop is at 8 ticks from entry, once it has 9 ticks profits, roll to break even, with a profit target of 14 ticks of more.

Can this be done by a novice like me that is willing to learn, whether it be amibroker or something else?

Thanks much.

Dan
More...

Hi Dan,
You sound alot like me.I have been using Ami for 2 months and it is a great backtester.fast,easy and simple.You can optimise almost any variable and its fast and easy to code.It appears you can do almost anything you want with Ami...And this is where it can be verrry challenging to say the least...

I say this as i am not a programmer,but a very experienced trader.I attempted to code a similar strategy as you,and AMI got VERY difficult.You must use looping statements,and other complexities,and even though there are examples in the manual and good user support,I could never get the hang of their "advanced" language. This,and a couple of other issues unfortunatley caused me to give up coding in AMI.

I still use the program,but I have moved on to TradersStudio as I find the advanced language easier to deal with.Traders Studio is more visual basic like,and there are books you can reference. I also find it a much easier language to digest than Amis advanced language.Most important,I also found that I must have live tech support to answer my questions.That is more of a reflection of me than anything else.

With that said,there is no perfect program.All involve tradeoffs.
 
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