I took a look at Herman's thread Mike and I personally think it's a bit of a messy solution to what Allan is requesting. Basically he wants something of 'professional' quality rather than tacked on.
--- In [email protected], "Mike" <[EMAIL PROTECTED]> wrote: > > 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" <allansn@> 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 > > > > > > > > > > > > > > > > > >
