Did you check out Interactive Brokers? Amibroker has a real-time plugin for IB data - even some backfill capability.
herman -----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] Behalf Of Charles H. Bush Sent: January 6, 2007 10:04 AM To: [email protected] Cc: [EMAIL PROTECTED] Subject: [amibroker] EOD trading procedure? Help! Hi, folks, I'm new to investing, but not so new to Amibroker. I've been using the software to learn to scan for swing trading stocks and everytime I think about switching to something else I regret even the thought. I've looked at Mr. Swing (Swingtracker) which is a java-based RT system ($49 per month), but I have trouble getting reliable feed. Recently I have sighed up for IQFeed (realtime) for use with Amibroker and so far it's been very reliable. However, realtime doesn't seem to be my style, except for checking the opening range of stocks I'm interested in. I don't have time to sit all day and watch the ticks roll by. So far I've only made three trades at Scottrade ( 2 profitable, 1 small loss), with Scottrade making $14 in commissions per round trip. I'm considering shifting my account to MB Trading, where you can trade up to 500 shares for .01 per share cost. Unfortunately they don't have a charting system to allow dropping in on the realtime ticks. However, they do they pay interest on unused funds, which Scottrade doesn't do. Dave Landry suggests the following in his book on Swing Trading: 1.. Pick your stock 2.. Set a buy stop for the next day at .06 above today's high. 3.. Set a stop loss or a trailing stop not exceeding 4% of the the purchase. 4.. Place the trade and wait to see if the order is filled. 5.. When (if) you reach 7% profit, sell half the shares and let the rest ride with the stop loss in place. My problem: without real time quotes, this feels like standing on top of a bridge in the night and throwing money into the darkness. So my question is: Can anyone tell me a decent method for End of Day trading without paying for RT charting data? Or how you get around flying blind when you place the orders without watching the morning real time opening? Would appreciate your input. Thanks in advance. Charles Bush. ---------------------------------------------------------------------------- -- From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of peterjldyke Sent: Friday, January 05, 2007 5:52 PM To: [email protected] Subject: [amibroker] Re: Code for price structure You do not mention what timeframe you are using. My suggestion is that you use a Simple Moving Average. I use a Weekly time frame for my Long stock trading (I do not Short). I Plot a MA(C,30) on my charts and visually check my Watchlist that each weekly Close Price has been above the MA(C,30) for at least 52 weeks. I use a Vertical line placed 52 weeks ago to give me the starting point that the MA(C,30) must be below. You will quickly see how the price is trending. Plotting another MA using Param to manually adjust the time period on each chart can also help to identify strong trends. I also use ROC(C,52) to show outperforming stocks. I have the ASX Top 200 as my Watchlist and it only takes a few minutes to scroll through nearly 200 charts. Plenty of candidates for Long trading should appear. Volatility also allows short term, even day trading opportunities. Obviously, you can add more T/A whistles and bells if you find them necessary. I think "less is best". For the Australian market, Alan Hull has a number of publications on trend trading using minimal chart interpretation. Peter --- In [email protected], Bruce Hawkins <[EMAIL PROTECTED]> wrote: > > Does anybody have any code that recognizes trending price structure? > > The first question that comes to my mind is what is trending price > structure? I am hoping someone has tried to put that in code. > > Maybe "x" number of bars making HH's or LL's with no bar closing > below/above the L/H of previous bar. > > What about slope of price or MA comparing previous values to > current with no current value below previous value in an uptrend. > > Any thoughts would be appreciated. > > Cheers, > > Bruce >
