Hi T, As a discretionary trader,I find the charting package in Ami to be excellent.The only gripe I have is that one can not shift to higher time frames(daily to weekly) without the chart and trendlines jumping all over the place,i.e.,from one date to the next.Without having the end dates locked(far right dates),multiple time frame analysis becomes a very difficult task,and analysis is rendered useless.Its essential that the far right side of the chart have the same date on any time frame.I discussed it in the past,but you had your own views.Sadly,I had to go to another program.
On another note,and far more important, a discretionary trader needs the same risk management tools that a system trader does.The two styles are not so disimilar that a system trader has the benefit of full backtesting/optimisation/WFA while the discretionary trader should be left to perform his analysis with a pencil,paper and abacus.Ami should offer the capability to SIMULATE discretionary trading.That means the ability to point and click on the chart and record all Entrys(long and short),Exits,and stops with pyramiding/scaling capabilities.In addition full reporting should be available with a scaled down version of backtest results as well as the capability to export the trades should one wish to do perform further analysis,i.e position sizing,Money management. Unless one is performing algorithmic trading/mean reversion strategies,I think there is a fine line between rule based trading vs discretionary.Granted the approachs are different,but once a trade is on,one still has to manage it with the very best tools available.Hopefully,Ami can level the playing field between the system "tools" vs the "discretionary" tools avaiable. Allan Allan --- In [email protected], "Tomasz Janeczko" <[EMAIL PROTECTED]> wrote: > > I appreciate all suggestions and there is really no problem > in adding new features provided that there is demand for them. > I specifically asked for charting suggestions, as this is way > more "subjective" thing than backtesting and other rule-based tools. > Discretionary traders seem to be very sensitive to all those > little details and aesthetics. These are are sometimes easy to develop > sometimes not, but unless you hear the feedback it is not possible > to know what every single person uses. > So again, feedback is appreciated. If possible and not too time consuming > for you, I greatly appreciate filling the issue via feedback center. If not, > I can keep track on my internal list. > > Best regards, > Tomasz Janeczko > amibroker.com > ----- Original Message ----- > From: "sidhartha70" <[EMAIL PROTECTED]> > To: <[email protected]> > Sent: Tuesday, August 19, 2008 5:30 PM > Subject: [amibroker] Re: 'Rule Based' versus 'Discretionary' trading... > > > > How97, > > > > I agree. You've stated nothing that I haven't already. > > > > I do use other software... MarketDelta & have been looking at Ninja > > with a market profile plug in as an alternative. > > > > Like others, I'm not desperately keen on using multiple software > > systems. I'd rather try and get it under one roof. And the truth is it > > really wouldn't be hard for TJ to add some of that functionality. > > > > I'm adding my voice to a largely dominant rule based crowd... I hope > > you're ok with free expression of wishes and ideas...?? > > > > I think others have also made it clear on this thread that they'd like > > to see some more functionality on the charting side too. > > > > > > --- 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. > >> > > > >> > > >> > > > > > > > > ------------------------------------ > > > > Please note that this group is for discussion between users only. > > > > To get support from AmiBroker please send an e-mail directly to > > SUPPORT {at} amibroker.com > > > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > > http://www.amibroker.com/devlog/ > > > > For other support material please check also: > > http://www.amibroker.com/support.html > > Yahoo! Groups Links > > > > > > >
