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[mroman59]>The only problem that I see with AmiBroker right now is that is
> does't seem to have a user friendly script writer. One has to have a
> programmer experience to easily pick it up.
Hi m,
Most "user-friendly" proprietary programming languages are eventually
dead-end tools. You better spend your time learning "standard" programming
languages for which there is unlimited support on the Internet. Amibroker's
AFL is powerful but for the advanced user it also supports VB/J/C++.
You are right of course in that each TA language has a learning curve and
that some are steeper than others. I have used a number of other TA programs
(including MetaStock Pro for a number of years). Amibroker is no different
then the others: to get the most out of it you will have to do some
learning.
My reasons for sticking with Amibroker are:
1) The product is growing at an unbelievable rate and lots of user
suggestions are implemented. Technical support is A+++, just browse this
list for support posts by Tomasz Janeczko.
2) If you want you can use Visual Basic, Java scripts and C++. These are
standard languages used all over the world. This means you are NOT limited
by a dead-end proprietary language. Whatever you learn will remain valuable
and can be build on for many years to come. There are many examples on the
net an in the docs.
3) I am stuck with AmiBroker because while I could translate my formulae
from MetaStock to Amibroker I cannot do the reverse: MS just doesn't have
the power. None of my current systems can be coded in MetaStock and I hardly
use it anymore (I use EOD).
4) AmiBroker is very reasonably priced. It is interesting to note that many
of us can bear to loose a few thousand in a trade but choke when buying a
<$100 computer program that can prevent such losses.
Good luck,
Herman.
> -----Original Message-----
> From: mroman59 [mailto:mroman59@x...]
> Sent: Tuesday, April 23, 2002 3:42 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: To all AmiBroker users - Questions
>
>
> Hello Dimitris
>
> The only problem that I see with AmiBroker right now is that is
> does't seem to have a user friendly script writer. One has to have a
> programmer experience to easily pick it up. There is a program called
> PowerTech by Investor Allinace which is supposed to have a user
> friend script writer by choosing words like price volume, greater
> than, moving average, etc. and writes the code be hind the seens. The
> code can be evaluated and changed mannully. However, the company has
> not released any versions for over a year because of programming
> problems. Software is free with membership and include free daily
> data downloads.
>
> I have not purchased the book called "Beating The Trend" yet. It is
> considered a trendreversal formula. I know individuals at another
> Yahoo forum that have purchased the book and tweaked the formula in
> their Metastock program or the software that comes with the book. If
> your purchase the book you can write the script in AmiBroker. My
> internet friends are willing to assist me in their modifications.
> They claim they have made good money with it in this choppy market.
> The website is www.beatingthetrends. E-Book costs about $50 dollars
> and you get trial version of software with program already built in.
>
> I hope that answers your question.
>
>
>
>
> --- In amibroker@xxxx, "dtsokakis" <TSOKAKIS@xxxx> wrote:
> > Hi mroman59,
> > Your mail makes me wonder :
> > 1. Do you know any software covering your 10 points plus details ?
> > If any, please advise.
> > 2. Any reference for your "Beating the Trend" system ?
> > If it is available to you, I am sure you will have at least 5 full
> > codes+backtesting+modifications+suggestions in the next 24h.
> > I will appreciate your comments,
> > Dimitris Tsokakis
> > --- In amibroker@xxxx, "mroman59" <mroman59@xxxx> 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.
> > >
> > > 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.
> > >
> > > 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?
> > >
> > > 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.
> > >
> > > 4. Can one trade through the program, granted that the brokerage
> > firm
> > > allows for such a link between the program and their server?
> > >
> > > 5. Is the download of data from Yahoo seamless and free from
> Yahoo?
> > >
> > > 6. Can one download historical data from yahoo for stocks so that
> > > backtesting can be performed?
> > >
> > > 7. Does Amibroker generate automatic buy and sell signals with
> > built
> > > in technical analysis indicators, like other programs do such as
> > > omnitrader?
> > >
> > > 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.
> > >
> > > 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)
> > >
> > > My question again, I thought that data feed was free from Yahoo?
> > >
> > > 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?
> > >
> > > Thank You for and information you can provide. I greatly
> appreciate
> > > your imput and mention about other applications that you have
> used.
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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