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Thank you for your time and response Mike.
Your brief summation was very useful. I downloaded and
played with Amibroker yesterday. It will take me
time. My needs are many and mostly intraday. I see I
have a lot of learning to do. I can't see myself
spending $200 a month when I can get things done with
Amibroker at a much reasonable cost. For Automation, I
have decided that maybe Strategy Runner is a better
alternative since, with their automated service, I do
not have to have my computers turned on 24/7.
As I peruse the posted history, I find this to be a
knowledgeable group. I hope to avail myself of the
knowledge posted herein and in due time I should be
able to reciprocate as my own knowledge grows. Thanks
to all who took the time to reply to my question. I
fully appreciate your time and kind replies.
TJ
--- mikelaurataylor <mikelaurataylor@xxxxxxxxx> wrote:
>
> I am in exactly the same boat but about 2 months
> ahead of you. Let
> me share what I've done/learned and hopefully we can
> get more
> insight from others.
>
> 2 months ago I looked at the options and decided to
> purchase
> AmiBroker along w/ an Esignal datafeed. My goal
> was to do some
> automated trading w/ my IB account using either the
> plug-in or
> Databullet, which various folks have said works
> pretty well.
>
> The learning curve was relatively steep - it took me
> a while to
> think in terms of "Arrays" and oftentimes I still
> get stuck because
> of this but usually through the board and/or support
> I get quick
> answers.
>
> I have been very impressed with the systems ability
> to scan end of
> day data, for instance (I download end of day data
> from yahoo) and
> allow me to identify certain stocks I might want to
> trade the next
> day. It can run through the whole market pretty
> quickly. I have
> also runs tons and tons of backtests and it works
> great.
>
> So far my one issue or concern dealt more w/
> real-time intraday
> activities. Not that there was anything wrong with
> it - just that
> I don't love the interface for it. Meanwhile
> Tradestation was (and
> may still be) running a special where as long as you
> open an account
> and deposit 30K you can test their platform free for
> 30 days; so I
> recently decided to do it (I had started the
> application process
> before I even got AmiBroker) - just to understand
> how the products
> compare. I love their interface and find it more
> intuitive to
> watch stocks during the day (not my main goal but a
> nice bonus). I
> find it much easier to customize the charts,
> interface, etc. with
> it.
>
> At this point I'm considering a few scenarios...
>
> 1. Keep Amibroker along w/ the free yahoo data
> download to run daily
> scans then put these watch lists into Tradestation
> for day time
> monitoring and automated trading. Tradestation
> won't cost that
> much more than Esignal, which I will no longer need.
> Downside:
> Need to become familiar w/ 2 languages to make use
> of both
> effectively.
>
> 2. Swith to Tradestation. So far I really really
> like the power to
> build and scan w/ Amibroker and the backtesting and
> for that matter
> even w/ Tradestation's scanning package you can't
> scan the entire
> market at once; so I don't think I can consider
> giving up
> Amibroker. I'm going to try to work a bit more w/
> Tradestations
> language first to get a better handle on it - but
> this is an
> unlikely scenario since I think there will be a
> place for AmiBroker.
>
> 3. Drop Tradestation and spend more time getting
> used to the
> interface of Amibroker for intraday stuff - which
> right now I don't
> like quite as much. This is the other more likely
> scenario.
>
> I'd be happy to share some of the learning curve if
> you get any more
> feedback on this.
>
> Mike
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Mo Joe
> <traderjoe2003@xxxx> wrote:
> >
> >
> > I'm primarily interested in backtesting Ideas and
> most
> > importantly I want to automate some of the systems
> > I've found to be profitable. I was gearing up to
> learn
> > Trade Station but a friend pointed me here. Since
> > there is a huge learning curve with these types of
> > software that have their own language,and my time
> is
> > essentially limited since I trade fulltime and
> also
> > operate a business, I have to be very careful
> with
> > what I start off with.
> >
> > Thank you for your comments. I look forward to any
> > more suggestions group members might care to add.
> >
> >
> > --- moztrader <das300@xxxx> wrote:
> >
> > >
> > > Hi MAX<
> > > this is a fine pice of software. I will state a
> few
> > > helpers :
> > >
> > > a) buy the product and support the teams. In my
> > > opinion well worth the
> > > dollars.
> > > b) Its not designed for non computer literate
> users
> > > but what u do gain
> > > is amazing flexibility and speed unlike anything
> at
> > > this price.
> > > c) Its ability to get free ww sites and obtain
> > > quotes is a saving if
> > > yre system to trade tolerates the delay.
> > > d) If u are a chartist and thats it then maybe
> its
> > > over kill but if u
> > > like systems then this is perfect in calculating
> al
> > > lsorts of
> > > parameters of the market other software has no
> hope
> > > to obtain.
> > > e) ie - did u know the average ATR% of NASDAQ is
> 4%
> > > ? Amibroker works
> > > this out daily for me :-) in 60 sec.
> > > f) I used to use metastock and there is no
> > > comparision to the power
> > > this has .
> > > g) WHERE TO START ----> The help TAB and basic
> > > tutorials is really a
> > > good place .
> > > I suppose the first thing u want to do is
> > > 1-- get yre data right and imnported
> > > 2 -- learn about the markets , groups ,
> watchlists
> > > etc
> > > 3) -- learn how to use drag and drop functions
> such
> > > as moving average
> > >
> > > start there and see where u get
> > >
> > > :-)
> > > MOZ
> > >
> > >
> > >
> > >
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx,
> "traderjoe2003"
> > > <traderjoe2003@xxxx>
> > > wrote:
> > > >
> > > >
> > > > Amibroker seems to be reasonable priced for
> what
> > > I'd like to do. I
> > > > checked out their site and they have the
> > > automation in beta version.
> > > > Being a newbie to programming (I have no
> clue),
> > > what should I learn
> > > > and where should I start.
> > > >
> > > > responses and suggestions much appreciated.
> > > >
> > > > Max.
> > >
>
=== message truncated ===
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