[amibroker] Newbie Trader Question

["cmaiman" <cmaiman@xxxxxxxxx>]

Hi All,

Kind of a basic question.  If my plan is to typically hold stocks for
1 to several days (specifically not a daytrader) is the following my
basic needs?:

* Trading System Development SW (AmiBroker of course!)
* Data Feed
* Brokerage Account

My question really is that it seems to me that you *need* to have a
Real Time data feed.  Assume I develop the following in AmiBroker:
Entry Criteria, Profitable Exit Criteria and Stop Loss Point.  I can
see that you could get away with end-of-day data for the Entry
determination.  But what if the exit criteria happens midday?  I'd
want AmiBroker to jump up and say Exit!  Maybe the stop loss could be
on your brokerage account, but the profitable exit criteria could be
some complex set of indicators and I'd want to do that in AB.

Am I missing something?  Seems like you need the RT data.

Thanks!

Craig




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