Your comment on simulated discretionary trading was addressed earlier in the thread by Herman, though perhaps not to the degree of backtest metrics that you might be after.
http://finance.groups.yahoo.com/group/amibroker/message/128437 Mike --- In [email protected], "matrix10014" <[EMAIL PROTECTED]> wrote: > > 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" <groups@> > 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" <sidhartha70@> > > 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 > > > > > > > > > > > >
