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Bill,
I guess DrawLine in Wealth Lab exists simply because there is NO way to
simply DRAW the trend
line by hand in WealthLab.
Speaking about easy of use:The line between two points can be
simply drawn in AmiBroker. Take a trend line tool and draw.
No need for code. I guess this is much easier than writing the code
for drawing a line!
Then you can use the lines drawn using study() AFL function
as shown in the newsletter
<A
href="">http://www.amibroker.com/newsletter/08-2001.html (Tip
of the week: Using studies in your AFL formulas
)
Best regards,
Tomasz Janeczko
amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
wavemechanic
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: 25 July, 2001 15:03
Subject: Re: [amibroker] Backtesting
reports
Tomasz:
FWIW, from a users viewpoint, there is an advantage
to functions that combine other functions into a single entity. Easy is
good.
As for DrawLine, you have picked on one of my
favorites. I am not aware that any combination of graphXY
functions can draw a line between two user-defined points, at least not
as easily as far as I can tell. You have coded a number of indicators
(e.g., ADX, etc.) that one can graph with graphN. If I am smart enough,
I guess that I could go the script route and develop new functions that could
then be used with graphX. I am not an expert programmer so to do so
would be nice but would have to be a labor of love. Being able to draw a
line, including extending it into the future, between user-defined
points would be a big deal that opens up the opportunity for a variety ofline
studies. Combining such a function with an Input function (especially if
inputs can be done by pointing and clicking) opens a universe of line-type
studies (e.g., Gann and Fibonacci) to be programmed, which is a big deal to
some of us. Not to be overlooked is the fact that DrawLine gets
programming dummies like myself into business literally within
minutes. Sure, experts like yourself are up a running in the same amount
of time with AFL, JScript, VBScript, etc., but as evidenced by the
discussion on this board there are many in the "dummy" camp. "Talking
down" is not always bad.
Just my two cents.
Bill
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
Tomasz Janeczko
To: <A title=amibroker@xxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, July 25, 2001 2:57
AM
Subject: Re: [amibroker] Backtesting
reports
Hello Bill,
What I wrote was my personal opinion,nothing
more.
I had a chance to hear the opinions about
AmiBroker from different people
and what I learned is that there is avery
wide spectrum of different views
and preferences among T/A people. AmiBroker is
not all about backtesting
(while WL seems to be). AmiBroker tries
to satisfy these needs
as much as possible. Unfortunatelly different
needs are sometimes contrary
to each other.
This applies especially to the programing
language.
One may say he would prefer a simplerlanguage
another one likes sophisticated
and very complicated tool. I like to code in
C++ others like Basic, Pascal and do on.
I have my reasons, you can have
yours.
That's why I am providing in fact 3
alternatives: you may code your formula in
"pure" AFL, you can use JScript or you can use
VBScript. You can also mix
the languages in a single
formula.
The AFL itself will be improved further so you
will be amazed someday :-)
To the details:
1. Yes,
BuyAtStop and all trade control functions
are nice, because
it is clearer to say BuyAtStop than doing
buyprice, buy stuff together the right way.
2. GetDate, CumUp - I don't see WL advantage
here
<FONT face=Tahoma
size=2>
3. I don't
find any advantage of DrawLine and SetBar color since completely the
same
could be done in AFL using graphX,
graphXstyle, graphXbarcolor. All the difference
is that in WL you call a function while in AFL
you assign a variable. I can add a function
that is called DrawLine and will internally
assign the variables so there is no real difference,
... maybe except AFL can draw true Gann Swing
charts (see AFL library)
while WL doesn't have square line style
chart.
A bottom line:
Trade control in WL is better and nicer and I
am willing to improve this functionality in AFL,
I like also the statistics in WL. I think that
there are lots of nice ideas in WL to get an inspiration from.
And I really appreciate that you pointed out
the things you like in WL - I learned
something again.
All I dislike is a modal, Borland-looking
(ugly icons on every button), bold-font everywhere
user-interface.
This is however my personal opinion based on
my personal taste.
Best regards,Tomasz Janeczko===============AmiBroker - the
comprehensive share manager.<A
href="">http://www.amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=wd78@xxxx
href="">wavemechanic
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, July 25, 2001
2:24 AM
Subject: Re: [amibroker]
Backtesting reports
Tomasz:
Have to disagree to some extent. Asyou
note, the interface is a matter of personal preference, although I tend to
side with Bernard. However, and most importantly, from a
"programming dummy" user's viewpoint, WealthScript might suffer from the
problems that you note, but it is relatively clear with respect to
trading system and drawing functions. Perhaps it is not as efficient
as AFL, but it is easy to build a system with commands like BuyAtStop,
GetDate, CumUp, etc., with only a couple of tutorials as a
guideline. And being able to incorporate drawing functions (e.g.,
DrawLine, SetBarColor, etc.) in a straightforward manner is great,
although more is needed in this area (to be expanded in version 2
according to WL). Definitely an attempt to produce a
user-friendly programming environment. Easy to use, "intuitive"
system and drawing functions are arguably essential endpoints.
So much the better, if these attributes can be further enhanced with
respect to speed and simplicity, and placed within the AmiBroker
setting. Or so it seems to this programming
dummy.
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Tomasz
Janeczko
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, July 24, 20014:44
PM
Subject: Re: [amibroker]
Backtesting reports
Dear Bernard,
Thank you for your opinion.
I have downloaded a trial versionof
WealthLab desktop and had a look at it.
Frankly speaking I don't like itsuser
interface - but this is my private opinion.
What I like are extensive
back-testing statistics. These I would like to see
in AmiBroker.
As for the WealthScript I find itquite
complicated. You have to have at least
3-4 times more code than in AFL to do the
same thing.
Also - I tried to check verybasic MA
crossover system and wanted to simulate
trading using 100% capital and WealthLab
displayed very strange equity curve
(with negative cash amounts). What's more
WealthScript seems to be very slow.
As for optimization: yes I will include
optimization in 3.7, this will include
multiple-security
optimization.
By the way: it seems that you canonly
optimize for one stock in WealthLab, is it true?
Anyway, some ideas are worth
implementing.
<FONT face=Tahoma
size=2>
Best regards,Tomasz
Janeczko===============AmiBroker - the comprehensive share
manager.<A
href="">http://www.amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Bernard
Bourée
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxx
Sent: Tuesday, July 24,2001
7:17 PM
Subject: Fw: [amibroker]
Backtesting reports
Dear Tomasz
I have a doubt if my message was
published since I can't see it and in fact I haven't finished it.So
here it is completed.
Well I like the following feature (in the
desktop version):
-A window where you can easily find the
systems/commentary classified in folders and sorted by name or date
etc.
-The ChartScript window, the equivalent
of the AB main window, have some TAB where you can very easily
evaluate a TS : The first one show the performance, the second the
list of the trades, then one for the alerts, one for the text of the
TS, one for optimisation (I hope that you will implement it in AB
soon), an other one called MonteCarlo (I guess it is to make more
complex optimisation using the Monte Carlo method), the last one is
called Analysis Var but I don't know what it is.
They have also a window where you can
select the trading systems, run them on a watchlist and perform
a ranking of the performances..
You can download the desktop version for
a free trial period and have a good idea of the product.
It is much more expensive than AB but you
have given to us the proof that you can easily compete with such
products.
In fact more I try to find a good trading
systerm more I came to the conclusion that there is not one good
trading system but we have to find for each period of time,
for each market and perhaps for each stock one good TS which could
have to be changed and adapted as soon as the market conditions
move.
This means that we need to have a tool
that allow us to optimize and compare a bunch of TS
periodically.
So I whish that AB could help usin this
task and allow to adapt and optimise our TS easily.
For this Tomasz it would be niceif we
could more easily change the parameters of the TS or the charts with
contextual menus intead of having to write AFL codes.
Best regards
Bernard Bourée<A
href="">bernard@xxxx
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Tomasz
Janeczko
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxx
Sent: Monday, July 23, 2001
9:50 PM
Subject: Re: [amibroker]
Backtesting reports
Dear Bernard,
Could you please tell me whatexactly
do you like in WL's user interface?
Best regards,Tomasz
Janeczko===============AmiBroker - the comprehensive share
manager.<A
href="">http://www.amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=bernard@xxxx
href="">Bernard Bourée
To: <A
title=sentto-1010692-2837-995838278-bbouree=fairesuivre.com.at.returns.onelist.com@xxxx
href="">sentto-1010692-2837-995838278-bbouree=fairesuivre.com.at.returns.onelist.com@xxxx
; <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxx
Sent: Monday, July 23,
2001 7:18 PM
Subject: Re: [amibroker]
Backtesting reports
Hello Tomasz
Yes, there is some good ideas to use
in terms of agronomy (windows design and parameters
settings).
Regards
Bernard Bourée<A
href="">bernard@xxxx
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Tomasz
Janeczko
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxx
Sent: Sunday, July 22, 2001
11:21 PM
Subject: Re: [amibroker]
Backtesting reports
Hi,
WealthLab is nice. I am curious
how long will they be free.
I found some interesting ideas
there...
Best regards,Tomasz
Janeczko===============AmiBroker - the comprehensive
share manager.<A
href="">http://www.amibroker.com
<BLOCKQUOTE
>
----- Original Message-----
<DIV
>From:
<A title=wd78@xxxx
href="">wavemechanic
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxx
Sent: Saturday,July
21, 2001 10:24 PM
Subject: Re:
[amibroker] Backtesting reports
Tomasz:
How about entry to lowest trough =
trade drawdown
Did you notice the script functions
listed on the Wealth-Lab site? Is that where AB is
headed?
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=tj@xxxx
href="">Tomasz Janeczko
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxxx
Sent: Saturday, July
21, 2001 4:20 PM
Subject: Re:
[amibroker] Backtesting reports
Hello,
Thank you for the
information.
BTW, here is a definition of
Max. Intraday drawdown from wealthlab:
"Max IntraDay Drawdown
This value represents the greatest peak to
trough distance in your equity curve. Beware of
Systems that have a high Drawdown value."
This is exactly what I meant in my previous
e-mail: "greatest peak to trough distance".
Now: how should we call entry to lowest
trough distance ( a drawdown measure already present in
AmiBroker) ??
Best regards,Tomasz
Janeczko===============AmiBroker - the comprehensive
share manager.<A
href="">http://www.amibroker.com
<BLOCKQUOTE
>
----- Original Message
-----
<DIV
>From:
<A title=wd78@xxxx
href="">wavemechanic
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxxxxx
Sent: Saturday,
July 21, 2001 9:18 PM
Subject: Re:
[amibroker] Backtesting reports
Tomasz:
Since you will have maximum
drawdown, I suggest including Risk-Adjusted Return
(RAR). This is a standard system evaluation metric
that divides a risk measurement by the annualized rate of
return. You could use maximum drawdown as the risk
measurement, but other measures (volatility, standard
deviation, etc.) would also work.
The following link lists the
system evaluation parameters used by
Wealth-Lab:
<A
href="">http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=$imOverview.htm
Bill
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
<A title=tj@xxxx
href="">Tomasz Janeczko
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday,
July 21, 2001 12:00 PM
Subject:
[amibroker] Backtesting reports
Hello,I would like to ask
you:What additional back-testing statistics would
you like to see in AmiBroker?Please give meyour
suggestions with the description.For version
3.64 already included are:- Annual system
percentage profit- Annual B&H percentage
profit- Maximum drawback calculated from maximum
equity value to the minimum equity value
(BTW: How to name this one? I have no
idea) (note this is different from current
max. drawback calculation which
computes max. equity dip from the trade entry)-
Bars out of marketI have got already some of
your earlier suggestionsbut anyone has something
more?Best regards,Tomasz
Janeczko===============AmiBroker - the
comprehensive share manager.<A
href="">http://www.amibroker.com Your
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