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RE: [amibroker] Re: Front End Interface with IB



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I feel exactly the same!  I do day trading and I like to keep my eye on  the
chart at all time.  Do not like to flip back and forth between different
programs.

 

I hope Thomasz will add this feature to AB soon!  : )

 

 

Michael

 

 

  _____  

From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of Charles J. Dudek
Sent: Tuesday, July 04, 2006 11:57 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Front End Interface with IB

 

I don't know how you work, but when I am trading I like to watch 
charts. If I have to switch back and forth between TWS or some other 
order entry package and my charting package, I will lose valuable 
seconds and make mistakes (like manually entering GG when I meant to 
enter GGB, for example). Scottrade Elite, Fidelity, TD Ameritrade, E-
Trade, TradeStation and as far as I know just about every other 
broker has an integrated charting and order entry interface. IB 
offers trading options and advantages I can't get elsewhere, but 
their charting is terrible. QuoteTracker is too limited and 
alternatives like eSignal are too expensive. I just know switching 
back and forth is going to be a lot less efficient than keeping one 
screen open and clicking on a chart to execute a trade. I think 
AmiBroker is great in every other respect. I just wish I could get 
this manual entry screen to work. I'm so busy I don't want to spend 
any of my spare time to try to figure out how to get it to work, but 
I guess that's my only option if I want to trade through IB. I might 
just buy it and play with it, but that's a couple hundred bucks down 
the drain if I can't get it to work right. What I'm really worried 
about though is screwing it up and accidentally cleaning out my 
trading account. That would be a real drag.

Chuck

--- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> ps.com,
"scourt2000" <stevehite@xxx> wrote:
>
> 
> What do you have to substantially gain by manually entering trades 
> to IB through Amibroker? Why would you discount its use in trading 
> just because of this? Do you realize that its capabilities to help 
> you backtest trading ideas far exceeds the trivial kind of 
> restriction you're placing on its use?
> 
> I cannot name another piece of software that even comes close to 
> what Amibroker can do for what you pay. 
> 
> There is a SIMPLE answer to your problem. I'm assuming that you 
> abhor the TWS interface to placing trades manually, including the 
> use of BookTrader. If that's the case, then just use a free IB 
> front-end like TSIM+:
> 
> http://www.tradings <http://www.tradingsimulation.com/index.html>
imulation.com/index.html
> 
> IMHO, the problem is not with Amibroker. It's that you have not 
> sufficiently researched your options. There are plenty of front-
> ends to trading with IB. Some are free, some want a one-time 
> donation and others have a monthly fee. I think that the one 
above 
> is the best no-strings-attached interface which is completely free.
> 
> If this is still not acceptable, then get TradeStation and, if you 
> meet their minimum monthly trading requirements, their platform is 
> free. Of course, you'll have to place all trades through their 
> brokerage firm but trading is completely integrated into their 
> charting package. TradeStation has an excellent intraday database 
> going back years. However, their porfolio backtesting is 
> dramatically inferior in speed and options to what Amibroker offers.
>