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Hi Brian --
You comment about who is a programmer and who is not, and say that Tomasz is a programmer. I am a former university professor known as a tough grader. If you put Tomasz in the same "class" with all the other programmers in the world, then grade on a linear scale that includes him, 80% of the class gets C or lower. Tomasz is a wizard!!
In my opinion, no one will be able to master AmiBroker to the point of writing and validating profitable trading systems without being able to program their own ideas into AFL.
For those thinking of finding a different platform with a simpler interface, I'll expand that statement to include TradeStation, WealthLab, MetaStock, and all the others, along their respective trading system development platforms and programming languages. AFL has the tools we all need to create profitable systems. Simpler languages lack the necessary tools. One of the costs of developing profitable systems is the effort necessary to understand and use the tools. Our competition -- the counter-parties to our trades -- take this very seriously; we should, too.
AmiBroker and AFL are head and shoulders above the competition. Plan to spend the time and energy to become good at using them. No whining. Grin.
Thanks for listening,
Howard
On 3/11/07, brian.z123 <brian.z123@xxxxxxxxxxxx> wrote:
Hello Tim,
Great post.
In the hall of the mathmeticians I carry a white cane but I still
found my way to the quants table.
BrianB2.
--- In amibroker@xxxxxxxxxxxxxxx, "nhat8888" <nhat8888@xxx> wrote:
>
> Great discussion. I was a reviewer for Howard's book and found it
an
> incredible source to help me think "logically and scientifically"
> about Quantitative Trading. Howard is a lot like your favorite
> college professor, he knows his stuff but is also very patient as he
> helps you find your way through the vast amount of information
needed
> to be successful. I think the detailed way he explores the idea of
> having your own personal "objective function" (which measures the
> goodness of a system) is worth the price of the book. If Van Tharp
is
> right that the "Holy Grail" to trading is designing a system that
FITS
> you, then Howard's "objective function" is what gives you a very
> meaningul and measurable way of doing it. It helps you to design a
> system that you will psychologically be more apt to follow.
>
> The beginner may struggle from time to time, since Howard does not
> hold back his intellectual punches, but it is really perfect for
that
> person since it gives him or her a set of really good habits to
learn
> at the beginning. Unfortunately, Howard's book taught me there are
no
> shortcuts. You must be statistically rigorous. You must walk-
forward
> (which I strongly recommend doing with Fred Tonetti's breakthrough
> "Intelligent Optimizer" software). No sloppy thinking allowed in
> Howard's world. You simply have to do the design and validation
> process correctly or you are simply gambling blind. The book really
> does give you less to "unlearn" later.
>
> I have also attended the Bill Barack and Bruce Robinson courses.
If I
> were starting this learning process all over again (and I am still
a
> novice with much to learn), I would buy the Howard book and attend
or
> get a copy of the Amibroker conference CDS featuring Bill Barack
and
> Bruce Robinson. They are a great complement and can give you some
> solid Amibroker footing for future intermediate or advanced work. I
> go back to Bill and Bruce's material over and over again when I get
> stuck or need to get clear on something. They are that good!!!
>
> Unlike years ago, the beginner Amibroker Quantitative trader has a
lot
> more available to get them up to speed. But the rest of the
learning
> seems to be only acquired through much experimentation and extensive
> trial and error experience. Read the book, watch the videos and then
> practice, practice, practice.
>
> Nhat8888/Tim
>
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