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Yes
The direction AMI needs now (in my view) is to make the powerful horse work
for the technical fools. (people who cant code etc).
If this is done, the Ami's shine would get exponential.
I can imagine that for people like thomaz its hard to imagine, "whats
complex in ami"..!!
Please create a poll.. ( Online in yahoo groups) or else where and ask what
'complex things' would people like to have a little more easier.
regards
Rajeev
On 10/16/06, brian.z123 <brian.z123@xxxxxxxxxxxx> wrote:
>
> Hello Jlami11,
>
> The virtues of AB are often extolled in this forum (along with the
> vices) but I don't think I have seen a post that even goes close to
> doing it justice.
> Tomasz is too modest to list all the good points in one place
> himself, although God knows that after 100k posts it is well overdue.
> Here is my attempt that will have to suffice until bettered.
>
> *******************************************************************
> Conclusion:
>
> The bad news is that it takes a lot of patience to master AmiBroker,
> especially for those who are not seasoned traders/programmers.
> The good new is that it is worth the effort.
> If there is a better program out there Tomasz would have known about
> it a long time ago ;-)
>
> (If you are in a hurry skip to list at the bottom of the post).
>
> *******************************************************************
>
> An interesting question.
> As a relatively new Ami user I can empathise with you.
> Keep in mind that there is no *holy grail* of software or anything
> else in trading.
> Also my only intention is to offer help to you and give credit to
> AmiBroker where it is due.
>
> What you are really asking is; "Will AmiBroker be worth the time I
> will have to put in to learn it, will I be capable of learning it
> and what will I be able to do with it when I am competent?",
> (that is like looking for your glasses!).
> Ultimately you are the only one who can answer that.
>
> You need to clarify how serious you are about trading and clearly
> state your trading objectives to yourself first.
> I am continually amazed by the number of people who come into this
> forum and who, presumably, want to be winning traders, but obviously
> do not have a winning attitude (I am not suggesting that is you. I
> am simply providing some context to my comments).
> If that is the case they can not blame the software for their
> eventual and inevitable failure.
>
>
> My experiences may provide some guideance for you.
>
> I am a non-programmer, non-mathematician and a self-taught computer
> layperson.
> I do not have a tertiary education.
> I am probably of above average intelligence but I don't know exactly
> where I am on that line and I have no interest in finding out.
> Fortunately I do have abilities and talents of some kind that get me
> by, althoguh I am not sure exactly what they are either.
>
> Four years ago I had zero experience in investment of any kind when
> I set myself very high investment goals.
> I will rephrase the last part; I knew specifically what I wanted to
> achieve as an investor (if the format would allow it I would bold or
> underline specifically, as in, the % return I am going to get and
> the hours per week I am going to get it in).
> After the intitial learning phase I also quickly identified what
> investment styles I *believed* in and which ones suited my personal
> characterstics and objectives e.g. I don't want to spend hours
> reading company reports, financials etc so I went away from that
> type of trading.
> Once again I would underline *belief* and *personal characteristics*.
>
> In short, when I bought AB I knew why I was buying it.
> At that stage I had already settled on *trading* as my chosen
> primary investment vehicle and I also had a definite trading style.
> I wanted to use AB as the tool to develop and implement that on a
> wider scale.
> I am continually improving and growing so I never say never as far
> as trading goes but so far nothing I have learnt in AmiWorld has
> changed my view on trading; it has simply confirmed and enhanced it.
>
> I didn't know exactly what I was getting with AB but I did exchange
> a couple of emails with support in which I discussed the capability
> of AB in the key areas of my interest.
> My questions were somewhat naive, and Tomasz probably scratched his
> head a little, but he gave me a professional reply.
> Specifically I enquired about customising my own stops and one or
> two other similar questions, as I do not trade in anything I don't
> understand.
> If I can code it myself I definitely understand it.
>
> I had also found that what passes as folklore in common investment
> culture more often than not does not stand up to analysis, so I
> prefer to go my own way; no *canned* anything for me.
>
> My conclusion was that on the balance of probability AB would do the
> job. I also formed a favourable impression of the CEO/developer i.e.
> he was obviously no dummy with an exceptional empathy for his users
> and that is an important thing when buying and using trading
> software.
> You have to have confidence.
> (That wasn't too bad an assessment based on two short emails was it?
> Time has proven that to be spot on).
>
> Like all products, only long term ownership will provide a complete
> answer to buyer satisfaction, so I went ahead and purchased.
> I am quite used to spending money on dead leads etc; that is normal
> business practise and I consider it to be a part of development
> costs.
> I didn't hesitate to spend USD$199 on Ami.
> Like any business, there was no guarentee that cost would ever be
> recouped. That is not to mention the intellectual capital invested
> e.g. my first 2 trading years and $15000 were purely speculative
> ventures, until I reached a point where I was able to prove to
> myself that, compared to the majority, I was quite good at it.
>
> For the record my trading disposition is objective, mechanical
> system, TA based, but I do keep an open mind and will snap up
> anything that works.
> I consider myself to be a developing trader.
> It is not something that can be mastered in a few hundred or even a
> few thousand hours; not from my background anyway.
>
>
> I could write a book on the subject, and I might one day, but to cut
> to the chase.
>
> I have used a lot of other market programs but my experience is
> lightweight compared to some in this group.
> I will benchmark my comments against the last program I used, which
> was one of the majors.
> I was very happy with it in every respect until after 1000's of
> hours of commitment to learning it, I found it couldn't actually do
> what I really needed it to.
> The backtester didn't work, at least not the way I expected it too,
> and at that time my expectations were not as high as they are now.
>
> I managed to jig around that problem by using the programs explorer
> as a psuedo-backtester and exporting the results to Xcel for
> analysis.
> I was proud of myself, as a non-programmer, for achieving that.
> I set up four older computers with a KVM switch as my test-bank and
> reeled off a few thousand hours of backtesting until I simply came
> to the end of the line, fullstop.
> Why stuff around with homemade backtesters when there are
> professionals writing and maintaining them for a living?
>
> Hence AmiBroker, which incidentally was recommended to me by the
> developer of a quite well known money management program.
>
> It was very hard to have to start all over again in a new program,
> especially after being able to use the old one fluently.
> The first 3 months of Ami were very de-motivating.
> I found it to be a hard program to learn and I had to grit my teeth
> more than a few times.
> One of the reasons it is hard to learn is that it has a lot more
> depth and breadth than my previous program.
> That automatically demands more learning time.
> It also has a different business model to what most of us have come
> to expect e.g the manual in AB is not a textbook that is posted in
> the mail nor is it merely the help files.
> The *manual* in Ami is dynamic and offers a lot more than help files
> but it is also less structured.
> It also leaves out a few bits and pieces here and there that a lot
> of beginners would expect to find.
> I am comfortable with that but some people aren't.
> It is not a good system for beginners but it is a great system for
> seasoned performers.
> Why begrudge them that; they are entitled to their place in the
> world?
> I guess in a way, that makes Ami a boutique program, although I am
> sure Tomasz will correct me if that is wrong.
> My attitude is; "if you can't beat them join them".
> I am playing catch-up at a furious rate.
>
>
> My trading objectives are very high.
> I bought AB in the belief that it was the program most likely to
> enable me to meet those objectives.
> I have had the program approx 6 months and have spent a lot of hours
> per week on it.
> I don't have the definitive answer but so far AB has not
> disappointed.
> The ultimate responsibility is not on Tomasz's shoulders, it is on
> mine.
> Initially Tomasz answered my *buying* questions and provided a free
> trial.
> It was my decision to buy.
> Let the buyer beware.
>
>
> I am continually learning and improving so the things I want to do
> in the future may well be different from my current expectations but
> I am confident Ami will accommodate my growth.
> I have said that if I don't achieve my trading goals with Ami there
> will not be another program, which is my way of saying that Ami is
> good enough if I am good enough.
> I do have a cut off point and I will retire my trading career if I
> retire Ami.
>
> I won't look back and list the negatives of other programs.
> I will not list the negatives of AmiBroker either (I am into
> positivity) although I will say it is not perfect.
>
> ******************************************************************
>
> My list of AB positives (not in any particular order):
>
> 1. price
> 2. *fully* customiseable
> 3. distant horizon (most traders will never exceed its ability.
> Those who do exceed AB's limits don't mind sharing their
> knowledge and Tomasz doesn't like coming second so that should tell
> you something).
> 4. transparent and controllable
> 5. honest dialogue
> 6. ethical company
> 7. allows use with a wide range of data providers
> 8. cheap and free data options for those who need that
> 9. trading orientated program (truly for traders by traders)
> 10. trading friendships
> 11. trading mentorships
> 12. active forum with a sprinkling of diverse specialists
> 13. quick responses to program 'bugs'
> 14. 24-48 hour support
> 15. rapid pace of development
> 16. responsive to suggestions
> 17. extensive support material albeit hard to find at first
> 18. open architecture
> 19. personal contact with CEO
> 20. CEO accepts and answers criticism in public
> 21. trading specific programming language (you don't need to learn
> C++ etc just learn AFL. If that is your first language it will be a
> challenge but I am doing it. I only read half a dummies book,
> quarter of an online manual on scripting and a bit of Wikipedia here
> and there and away I went. My prior formula language and backtesting
> experience does help though).
> 22. the last market software program I will ever have to master
> 23. challenging
> 24. offers trading opportunities I hadn't thought of before
> 25. good rapport with and respect for the developer
> 26. provides easy access to basic fundamental data in formulas
> 27. provides access to unlimited external database (especially
> useful for referencing extensive fundamental databases)
> 28. cheap and reliable *industry standard* charting program for
> those who just want that
> 29. time efficient (there are no unneccessary frills anywhere in
> Amiworld. If anything there are probably not enough frills depending
> on who you ask).
> 30. mature program (10+ years)
> 31. extensive library (official and unofficial) of popular industry
> indicators etc
> 32. licenced to use on more than one machine
> 33. speed
> 34. 64 bit and dual core processors not a future problem?
> 35. backward compatibility not a problem?
> 36. has trading orientated functions the others do not have?
> 37. array based processing which is a very *commonsense* approach
> for laypeople. Use is analagous to Xcel spreadsheet rows except for
> more advanced uses where programming procedures like looping come
> into play (when you can see your code output being written into Xcel
> rows in your minds eye you are nearly there).
> I have spent a lot of time in Xcel prior to AB so that helps me to
> step into AFL. If you are good with Xcel functions you will
> definitely be good with AFL.
> 38. industry standard *canned scans* are easily achievable with
> simple code
> 39. It is a very pragmatic program e.g I have 5-10 tasks on my
> advanced list that are industry wide trader breakers. I have already
> cracked two or three of those in Ami without even getting out of
> second gear and I am optimistic about the rest (Null data handling,
> custom indexes and survivor bias are the first three demons to bite
> the dust).
> 40. readily perform trainging examples and problem solve using
> explorer.
> 41. ASCII import for the data masochists
>
> In short it does exactly what the publicity blurb on the homepage
> says it will do, and more!
>
>
> There are probably additional postives but a mint tea and a bowl of
> muesli is calling.
>
> BrianB2. =8-)
>
> P.S Tomasz, this doesn't provide you future immunity from my
> withering critiques.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "jlami11" <jlami11@xxx> wrote:
> >
> > Hi,
> >
> > I just wanted to know how Amibroker compares to other software.
> >
> > In particular I heard tradingblox was pretty good and could do
> alot,
> > while requiring less programming. Or would programming required be
> the
> > same if more advanced functions were needed e.g. dynamic pos
> sizing,
> > dynamic risk control etc etc.
> >
> > Has anyone used tradingblox? and if Amibroker and Tradingblox were
> the
> > same price, which one would you prefer?
> >
> > Lastly is Amibroker generally superior to other software? I ask
> this
> > as I come from a non-programming background and would not be easy
> for
> > me to adapt to diff. software in future.
> >
> > Thanks in advance any help is appreciated.
> >
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
>
> Yahoo! Groups Links
>
>
>
>
>
--
Rajeev Mundra | Founder : EagleEye TradeTech
Cell: +91 98608 51052 | Yahoo Id: rajeevmundra
Email: rajeevmundra@xxxxxxxxx
~Take Risks www.eetradeconsult.blogspot.com
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