Thanks Louis, and Barry for your very full and prompt reply. The
sharing of information by users is one of the things that makes me
glad I chose Amibroker over other packages that would have been easier
for a non-programer to learn. The other thing is the constant ongoing
development.
I will look further at all you mentioned Barry.
Thanks again.
--- In [email protected], "Barry Scarborough" <[EMAIL PROTECTED]>
wrote:
>
> If you are serious about day trading, and using a 1 minute or 15 minute
> chart implies that is what you will be doing. Open an account at
> Interactive Brokers. Their commissions are $0.005 per share with a
> minimum of $1.00 per trade, $2.40 per futures contract. You will be
> making a lot of trades and the low commission will save you a lot of
> money. Also you will need to have an account over $25,000 if you plan
> to make many trades a day. That is called day pattern trading and they
> will freeze your account if you trade too much. But if you trade using
> a 30 minute or hour chart and limit your trading to a few a day you can
> get buy for a while.
>
> IB has a free data feed and supports up to 100 symbols. But you don't
> need to track that many. Pick a few stocks and get used to how the
> behave. You will be much better off. OR consider trading one futures
> contract.
>
> The next thing you need is a good system. Trading intraday using a
> short time frame will kill you during sideways periods or when the
> market is turning slowly. You will get many signals and have to know
> when to exit or stay with it. When I say many, IB shut me down when my
> auto trading system entered over 100 trades in a few seconds. So
> picking your trade is not easy.
>
> If you use IB and their data feed you can also use AmiBrokers
> AutoTrading interface. It is a free interface and you can use a simple
> button pushing program, it is a formula like any other but using the
> parameters you can launch trades with the push of your cursor. That is
> much faster than trying to enter the trades in the brokers program, TWS
> with IB. I added an indicator that allows auto trading via the
> parameters of the indicator. Search "auto trading" in the AFL library.
> IB also has a simulated account that will allow you to "paper trade"
> your system. Use it a lot until you get used to your system.
>
> If you plan to auto trade even using my crude interface please join ABs
> auto trading forum, http://finance.groups.yahoo.com/group/AmiBroker-at/
> This form of trading is nothing like trading off a static chart. You
> will get signals that a static chart will not reveal. You can simulate
> auto trading using a tool in AB call Bar Replay. After collecting
> minute data you can play that back into your formula to see how it
> reacts to transient signals you get during live trading, well almost.
> Collecting 5 second data and playing that back would get even closer.
>
> Have fun,
> Barry
>
> --- In [email protected], "triplephile" <steve.andrewes@>
> wrote:
> >
> > Been using Amibroker (Pro) in EOD mode for over a year now so getting
> > to know it. Want a bit more action, and can't see instructions for a
> > simple way to start intraday trading.
> > Assuming I had a live data feed, and have an AFL to give me a buy
> > signal, is it as simple as opening Auto Analyzer, just checking the
> > "Run every" box and putting "1 min" for example as the value, then
> > just waiting for Buy and Sell signals, which I then place on my
> > Brokers platform.
> > If there is a "How to" doc I have missed a link to it would be
> > appreciated.
> > Thanks.
> >
>
