Creating own trading system

cdcaveman · Apr 16, 2013

Quote from j2ee:

A system for noobs, that's fine. Why this forum let people formally post adv?

you obviously don't see any value in developers time.. you have slandered and discredited any "paid" for apps.. contempt prior to investigation... its funny in the yahoo amibroker forum they are literally amuzed by how ignornat you guys are.. i bet the guys promoting NT and this other app feel the same way.. if you can save thousands of hours of writing code.. script in your native language, and get the job done.. then bang... but if you spend most of your time arguing on internet forums about what the purist way of doing thing is. and never get anything done.. you will get no where..

if you don't take a look at what other people have done, IE NT,Amibroker,traderstudio.. and really know whats going on.. your just talking out your ass.. i know i'm totally defending them.. only because i think your going down a dead end road.. your going to be programming for years befor you end up trading .. thats my bet

gmst · Apr 16, 2013

Quote from cdcaveman:

you obviously don't see any value in developers time.. you have slandered and discredited any "paid" for apps.. contempt prior to investigation... its funny in the yahoo amibroker forum they are literally amuzed by how ignornat you guys are.. i bet the guys promoting NT and this other app feel the same way.. if you can save thousands of hours of writing code.. script in your native language, and get the job done.. then bang... but if you spend most of your time arguing on internet forums about what the purist way of doing thing is. and never get anything done.. you will get no where..

if you don't take a look at what other people have done, IE NT,Amibroker,traderstudio.. and really know whats going on.. your just talking out your ass.. i know i'm totally defending them.. only because i think your going down a dead end road.. your going to be programming for years befor you end up trading .. thats my bet

+1
Practical, grounded in reality post.

j2ee · Apr 17, 2013

Quote from cdcaveman:

you obviously don't see any value in developers time.. you have slandered and discredited any "paid" for apps.. contempt prior to investigation... its funny in the yahoo amibroker forum they are literally amuzed by how ignornat you guys are.. i bet the guys promoting NT and this other app feel the same way.. if you can save thousands of hours of writing code.. script in your native language, and get the job done.. then bang... but if you spend most of your time arguing on internet forums about what the purist way of doing thing is. and never get anything done.. you will get no where..

if you don't take a look at what other people have done, IE NT,Amibroker,traderstudio.. and really know whats going on.. your just talking out your ass.. i know i'm totally defending them.. only because i think your going down a dead end road.. your going to be programming for years befor you end up trading .. thats my bet

The point is, there is big limitation for what paid software like amibroker can do. For someone just starts with, that is fine with user friendly environment, but it doesn't work when someone needs professional level of complicated coding.

j2ee · Apr 17, 2013

Quote from NinjaTrader_Ray:

NinjaScript is (in your words) real C#.

It is based on C#, so it is a very limited C#, a script. A small set of instructions so what it can do is also very limited.

NetTecture · Apr 17, 2013

Quote from NinjaTrader_Ray:

NinjaScript is (in your words) real C#.

Yes, until the moment you try to USE "real C#" (btw., the years old and not supported version 2.0 - you never upgraded) and your support says "this is not supported" for every small piece of information you need.

j2ee · Apr 17, 2013

Quote from cdcaveman:

you obviously don't see any value in developers time.. you have slandered and discredited any "paid" for apps.. contempt prior to investigation... its funny in the yahoo amibroker forum they are literally amuzed by how ignornat you guys are.. i bet the guys promoting NT and this other app feel the same way.. if you can save thousands of hours of writing code.. script in your native language, and get the job done.. then bang... but if you spend most of your time arguing on internet forums about what the purist way of doing thing is. and never get anything done.. you will get no where..

if you don't take a look at what other people have done, IE NT,Amibroker,traderstudio.. and really know whats going on.. your just talking out your ass.. i know i'm totally defending them.. only because i think your going down a dead end road.. your going to be programming for years befor you end up trading .. thats my bet

Why do you think software like Amibroker is better than open source kind like TradeLink?

For the first few hours, yes Amibroker kind is more user friendly and easier to learn.

How about after the first few hours? You then start to see the limitation of it!

TradeLink is with the language C#, a true international computer language that can implement any kind of complicated stuff, the point is whenever you face stuff you don't know, you can just google to find out how to do so. It is a big demand language that you can learn through the process of building stuff and even get a job with good C# skill.

How about AFL, the amibroker "language"? Who cares about this language? How to google to find out doing something complicate? Yes just change a parameter of RSI is easy, how about much more complicated than that? Serious traders would not use something that only the creator of amibroker knows how to do and no value once not using amibroker.

It is very easy to compare and know the answer. Of course there is case when someone has to pay, that is when taking extremely large of data, HFT level kind of trading, then open source level cannot handle it.

cdcaveman · Apr 17, 2013

good luck buddy.. seems like all the advice you have gotton has lead back to you know everything already.. good luck with your professional/complicated things.. while this retail home gamer know nothing keeps making money..

cdcaveman · Apr 17, 2013

Quote from j2ee:

Why do you think software like Amibroker is better than open source kind like TradeLink?

For the first few hours, yes Amibroker kind is more user friendly and easier to learn.

How about after the first few hours? You then start to see the limitation of it!

TradeLink is with the language C#, a true international computer language that can implement any kind of complicated stuff, the point is whenever you face stuff you don't know, you can just google to find out how to do so. It is a big demand language that you can learn through the process of building stuff and even get a job with good C# skill.

How about AFL, the amibroker "language"? Who cares about this language? How to google to find out doing something complicate? Yes just change a parameter of RSI is easy, how about much more complicated than that? Serious traders would not use something that only the creator of amibroker knows how to do and no value once not using amibroker.

It is very easy to compare and know the answer. Of course there is case when someone has to pay, that is when taking extremely large of data, HFT level kind of trading, then open source level cannot handle it.

i'm not going to sit here and defend Amibroker or ET.. in Amibroker you can write in C++ or C# if you want and not in AFL.... i know you know nothing of these platforms.. Serious traders..... wow.. you go and ignorantly devalue many peoples lifes work as if you know better in every case.. stop defending your position and start coding KID..

gmst · Apr 17, 2013

Quote from j2ee:

TradeLink is with the language C#, a true international computer language that can implement any kind of complicated stuff, the point is whenever you face stuff you don't know, you can just google to find out how to do so. It is a big demand language that you can learn through the process of building stuff and even get a job with good C# skill.

How about AFL, the amibroker "language"? Who cares about this language? How to google to find out doing something complicate? Yes just change a parameter of RSI is easy, how about much more complicated than that? Serious traders would not use something that only the creator of amibroker knows how to do and no value once not using amibroker.

I have supported caveman's contention that time is money in this business - so buying vs developing your own software should depend on functionality aspect as well as on how many years of development time you can save by buying.

However, you have a very valid point here. If you become a competent C# programmer, there is a world of jobs out there. For Amibroker or easylanguage or ninjascript programmers, there is really very limited demand out there.

Also, being able to google and find answers to every question and being able to extend the functionality in any way you deem appropriate is possible with a language like C# which is just impossible with a scripting language like EL, Ninjascript, AFL etc.

However, this is my takeaway. If you are not profitable yet, concentrate on becoming profitable first. That will itself take couple of years at least. And to become profitable, tools like NT, MC, Amibroker are sufficient. Only when you want to move to the next level in your trading, do you need to develop proprietary trading software.

Maybe you should consider other good ones as well - RTS Tango comes to mind.

j2ee · Apr 17, 2013

Quote from gmst:

I have supported caveman's contention that time is money in this business - so buying vs developing your own software should depend on functionality aspect as well as on how many years of development time you can save by buying.

However, you have a very valid point here. If you become a competent C# programmer, there is a world of jobs out there. For Amibroker or easylanguage or ninjascript programmers, there is really very limited demand out there.

Also, being able to google and find answers to every question and being able to extend the functionality in any way you deem appropriate is possible with a language like C# which is just impossible with a scripting language like EL, Ninjascript, AFL etc.

However, this is my takeaway. If you are not profitable yet, concentrate on becoming profitable first. That will itself take couple of years at least. And to become profitable, tools like NT, MC, Amibroker are sufficient. Only when you want to move to the next level in your trading, do you need to develop proprietary trading software.

Maybe you should consider other good ones as well - RTS Tango comes to mind.

Open source software like tradelink is not really built everything again, basically it is the same as commercial software like Amibroker but it is free and uses common programming language like C# instead of Amibroker only language.