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I'll add one more thought.
I've just been going through the process myself; having both sent in
an application for Tradestation to cover my bases about 2 weeks ago
(not activiated it yet) - and, being a current IB trader; having
purchased Amibroker. During this process I tried to answer the
same question you are grappling w/.
One reason I decided to start w/ AB and see how far it can take me
is that one of my strategies deals w/ shorting stocks and I read on
another board that TS brokerage offers about 3000+ shortable stocks,
while IB offers over 5000+ shortable stocks. I don't know if that
is 100% accurate or not (pulled it from another board) but it
influanced my decision to start here.
Also, I don't know how the programming languages compare but despite
a bit of a learning curve I'm extremely impressed in about 1 week w/
the product. It is clearly extremely powerful. Also, having sent
about 10 questions to support to help get over humps I've been
impressed that for the most part they have all been responded to
very quickly.
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "sinhavishal" <sinhavishal@xxxx>
wrote:
>
> Hi,
> I don't understand why shouldn't I be using Tradestation in place
of
> all these various products which are not integrated properly?
>
> IB
> ====================
> Cheap brokerage and free data but no storage and backfill of data
>
> Esignal
> =========
> Good data but expensive and charting package free
>
> Sierra
> ===========
> Only Charting Package no free data
>
> Mytrack
> ===========
> Cheaper data but no good charting package and not a cheap broker
>
>
> Amibroker
> ==============
> Only Good Chartin Package, No data and no Brokerage service.
> Free data available via IB but can't store it easily and even then
no
> backfill.
> With QT it may be able to backfill and get relatime data via IB
but
> does not work at the moment.
>
> Hence I would suggest compare all the prices and add them up as a
> monthly charge. You would come to the conclusion Tradestation is
the
> best and cheapest.
>
> $99 dollars a month, state of art platform/charting/testing etc,
> Cheap brokerage with free data as well. Chnace of this $99 being
> waived too if you do lots of trade in a month.
>
> Now why should I use Esignal and pay them $99 just for data and
> charting?
>
> Why use any amibroker/sierra or mytrack when total cost comes moe
> than $99 whatever way you trade unless you do only 2-3 symbols
which
> is impractical anyway.
>
> Let me know your thoughts guy??
>
> Thanks
> Choco
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