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See my comments below: I only hope that I have
understood your questions and have addressed some answers.
Steve Wiser
At 10:51 PM 4/22/2002 +0000, you wrote:
I have just found
advertisement for AmiBroker and I am trying to
figure out if the program will meet my needs. I must say for the
price it appears impressive, but I would like some imput from
users.
It appears that it is free download for trial period, so I will do
this and try to get a feel for what the program can do.
Please note the most impressive part of Ami is its creator and
author. His ability to respond to us as users is better than any
other in my experience.
1. Has anyone used MetaStock
and if so can you give me your opinion
on the similarities, pros and cons, capabilities etc. of the two
programs? I am looking into purchasing MetaStock but it is a bit
pricy and data download by 2nd party is costly.
Yes, I have MS version 7.0 and 7.2 EOD. Programming language is
very similar. Graphics or charting is at present better with MS
than with Ami. Tomasz has projected that he will make a new
charting engine for version 4.1 or 4.2 which means within the next 6
months, probably within the next three months. This is also a great place
to share ideals. Great people populate this message board, myself
excluded, since I rarely post anymore. I am usually to busy with
other things.
2. My main interest is to be
able to screen stocks based on my onw
price and volume criteria. For example, stocks with 3 consecutive
increases in combination with double its 3 month avg volume for any
given period of time or 13 dma > 30 dma etc. No fundamental data will
be required but is a plus. Can it do this?
Yes you can screen and build you own watch lists. That is, multiple
watch lists. Each night you can create a new list and later compare
this list with previous lists. The programming for what you ask is
almost trivial. Fundamental data will be addressed later.
3. After stocks are screened
according to my criteria, then have the
ability to back test all screened stocks and rank them by greatest
return. Can it do this.
Once you screen your stocks, as I said you can place them into a watch
list. Once in that watch list you can then apply much more rigorous
methods to these securities. You can create your own indices or use
the more standard ones, NDX etc. You may do almost what ever you
can think of with the flexibility built-in or only use the level you feel
comfortable.
4. Can one trade through the
program, granted that the brokerage firm
allows for such a link between the program and their server?
You can set up links inside the program to go to certain sites as
needed. I have not checked lately if this is still there. I
xxx
5. Is the download of data from
Yahoo seamless and free from Yahoo?
Yahoo is free and seamless, but not without its problems. Free
means high error rate. You have to watch this carefully. I
use QP2 because of the fundamental data that is available a accessible
from within Ami to use as my own unique indicators. You want EPS,
if you have QP2 or someother piece of information such as float, just
call it directly from within Ami. Once Tomasz allowed my to use QP2
directly, I rarely use Yahoo anymore.
6. Can one download historical
data from yahoo for stocks so that
backtesting can be performed?
Yes, historical data from Yahoo is available. I think I have taken
about 10 years off the site. Remember this is the simple data,
H,L,C,O,V type stuff.
7. Does Amibroker generate
automatic buy and sell signals with built
in technical analysis indicators, like other programs do such as
omnitrader?
Just check out some of the charts posted in this message board and you
will see that this is available. You have control over buy, sell, cover,
short, buyprice, sellprice inside your backtesting. You can set
stops as well using applystop command.
8. has anyone tried to program
Amibroker to use the formulas provided
by the book called Beating the Trend? You can find it by performing a
website search. If so, how easy was it to program according to this
formula.
No I have not done this but I have approximated Bill Williams' Alligator
system as noted in the Willams book New Dimensions in trading.
Check out the AMI library for this code. Also check out Williams
profitunity web site. MS has several his partial systems
built-in and coded that comes with MS.
9. What does Amibroker have in
to do with the following
advertisement:
-rewritten database handling: abstract data access layer allowing
direct access to QP2/TC2000/Metastock databases without the need to
import (3.84+)
-pre-written direct data feed DLLs from Quotes Plus (3.84+), TC2000,
Metastock databases (3.87+)
- a "summary-only" mode in the backtester providing 2-3 times
faster
backtesting of large databases (3.87+).
- support for money management (position sizing) in
backtester/optimizer (3.90)
QP2/TC2000 access were fairly resent additions to Ami
to allow users to access detailed data such as float so that we can do
float analysis.
Dlls were made available to allow other users to used
their talents in programming to better modify Ami to fit their own
requirements.
Summary only mode was again a request of users as well
as money management (position sizing) all allowing greater flexibility in
the programs use. As I understand it more flexibility is coming in
this area.
Bottom line is user flexibility no matter what level
user you are....
My question again, I thought
that data feed was free from Yahoo?
Yes it is but with simple data and it demands error tolerance on the
users part.
10. Is it true that the cost is
only $79, after trial date is up?
There appears to be upgrades in the works i.e. AmiBroker 4.0
versions. How much does it cost for upgrade versions?
EOD and RT versions are very near. Within a couple of weeks as I
understand the time frame for RT. I will let Tomasz speak to the upgrade
pricing.
Thank You for and information
you can provide. I greatly appreciate
your imput and mention about other applications that you have used.
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