Bill, Agreed. Sorry. I should have said 'solely rule based' vs 'discretionary'... but I think people got my drift.
--- In [email protected], "bilbo0211" <[EMAIL PROTECTED]> wrote: > > There is some confusion created by the title you chose for this > thread, it implies discretionary traders don't follow rules. That is > false. > > Normally the compliment of discretionary trading is called mechanical > system trading not "rule based" trading. > > It is more reflective of the difference between the 2 groups. > > Typically discretionary traders trade what they see on a chart. What > that usually means is the discretionary trader evaluates the state of > the market and selects a set of trading rules most appropriate for > current conditions. Mechanical system traders use the same set of > rules for all market conditions. > > The reason why discretionary traders need a flexible graphical > interface is because they need to have information presented to them > in a way that is easiest for them to interpret. That is different for > everybody. > > I think it is possible to create an adaptive mechanical trading system > but IMO, it will require a large AI component. Also, there is little > incentive to program patterns when they can easily be identified on a > chart with a glance. > > Bill > > --- In [email protected], "sidhartha70" <sidhartha70@> wrote: > > > > As an aside, I'm not entirely conviced that the AmiBroker's user base > > is as skewed towards 'rule based' traders as you might think... when > > the thread 'Anyone actually making money?' was active as many > > discretionary based traders came forward as 'rule based'. > > > > However, I accept that the general public love a bit of 'rule based' > > trading and from a marketing perspective it probably gets people in > > the door in terms of AmiBroker's initial sales. How many of those > > users actually go on to be genuine hard and fast rule based traders... > > well, my guess is it's a pretty low percentage. > > > > --- In [email protected], "how97" <101.158294@> wrote: > > > > > > I believe it is clear that the large majority of the AB users want > > > to have the possibility for rule-based trading, backtesting, > > > automatic analysis, automatic trading etc. For that group Amibroker > > > is just excellent and it is constantly enhanced in these > > > possibilities. And that is what the large majority of its users > > > wants. And AB strongly supported by its users and driven by their > > > wishes. > > > > > > The large majority of users is clearly not the discretionary > > > traders. These may need better or specialized charting. That may > > > well be. If this better charting software exists already as you are > > > saying, why are you not using it, why did you come here to AB? What > > > were you looking for? > > > > > > I think it is also a clear preference of Tomasz to develop AB into a > > > direction where most of its users wants to ahve it. And that is > > > good. A lot of the stuff in AB is much too complex if you are just > > > looking for other kinds of charting. So why bother? You need to use > > > a different software. > > > > > > By the way: In my opinion AB allows excellent charting. > > > > > > Regards > > > how97 > > > > > > --- In [email protected], "sidhartha70" <sidhartha70@> > > > wrote: > > > > > > > > From my perspective, and this is really why I connected charting to > > > > the ideas of 'rule based' vs 'discretionary' trading... if you are > > > a > > > > discretionary trader, from a software perspective it is ALL about > > > > visibility. If the software you are using doesn't or can't give you > > > > the best visibility available then you are at a disadvanatge. You > > > > can't make sensible discretionary trading decisions without being > > > able > > > > to see how current market structure has evolved, what market > > > dynamics > > > > are at play, how the auction process is evolving at different time > > > > frames etc..etc.. You simply don't get that from bar & candle > > > charts. > > > > > > > > Hence my obsession with Market Profile & Equivolume and generally > > > more > > > > accessability and adaptability to AmiBroker's charting facilicites. > > > > > > > > Currently it's a fabulous piece of software, particualrly for 'rule > > > > based' traders.... But probably a less fabulous piece of software > > > for > > > > discretionary day traders for example. But of course, I appreciate, > > > > it's hard to be all things to all men... > > > > > > > > --- In [email protected], Ken Close <ken45140@> wrote: > > > > > > > > > > One simple suggestion for charting improvement: > > > > > > > > > > Put in the ability to insert a "Tab" character in a Title > > > statement > > > > in order > > > > > to make it easier to produce multi-line tables with "columns" > > > left > > > > justified > > > > > no matter how many decimal places in previous values in the same > > > row. I > > > > > have done it via complex IIF statements but how nice it would be > > > to > > > > insert > > > > > the code for a tab character to create columns. No, I do not > > > want to do > > > > > this with the gfx commands (too complex for this application). > > > > > > > > > > Ken > > > > > > > > > > -----Original Message----- > > > > > From: [email protected] > > > [mailto:[EMAIL PROTECTED] > > > > On Behalf > > > > > Of Tomasz Janeczko > > > > > Sent: Monday, August 18, 2008 4:33 PM > > > > > To: [email protected] > > > > > Subject: Re: [amibroker] 'Rule Based' versus 'Discretionary' > > > trading... > > > > > > > > > > Hello, > > > > > > > > > > Not wanting to hijack this thread but whenever I ask about some > > > itemized > > > > > list of what is exactly "weak" in AB charting, I don't receive > > > any > > > > > meaningful reply. I would really want to know some objective list > > > > instead of > > > > > statements I heard on ET that "charts are ugly" which for me > > > > unfortunatelly > > > > > means nothing, considering the hunderds of ways charts can be > > > customized > > > > > according to user taste in AB. > > > > > > > > > > > > > > >
