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Hello,
Lots of misconception I can see.
AmiBroker does have direct auto-trading interface to IB http://www.amibroker.com/at/,
and you should know about that Brian, considering the fact that you are UKB contributor together with Herman,
and Herman is just "using AB as a trading platform" and he is doing daytrading.
Plus IB has international coverage.
A "t+3 clearance issue" is different story.
It just for IB accounts that have less than $25000 funds,
that is why it is non-issue for traders.
If someone has less than $25K, better forget about daytrading.
US IRA accounts are another story, but as I wrote Daniel, IRA-style delayed clearance
is on to-do list.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "brian_z111" <brian_z111@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 12, 2008 11:51 PM
Subject: [amibroker] Re: Interactive Brokers plugin policy change
>> I'm glad to see someone else mention the t+3 clearance issue.
>
> I'm amazed that it never seems to get a mention.
>
> Sadly I can't see that any daytrader could or would use AB as a
> trading platform (unless they have AB >> QT >> a broker other than AB.
>
> I guess they use AB for backtesting and go to another platform for
> trading OR sit in the chair between an AB screen and a
> broker/platform screen.
>
> For myself, I will have to start to look at available platforms at
> some stage - I am reluctant because of the energy I have invested in
> AB and also I don't want to code using online platforms (too easy for
> the owner to pinch my code/systems).
>
>> My principal use of AB is to backtest trading strategies and there
>>is
>> no way to take this settlement time into account during a backtest.
>
> Minimizing turn around time between trades is a rule in
> my 'essentials' list e.g for short term EOD trade, on the close, I
> can get out a little early and get back in next trade the same day
> (at Options Express).
>
> I do account for it in my system evaluation (I will have to get on my
> expectancy soapbox again).
>
> a) use expectancy% as the baseline metric (derived from PowerFactor)
> b) use expectancy * ave time in trade to standardize as PA%
> (convert to annual return)
> c) if I have to wait for the next trade of for technical reasons I
> can't go straight back in, add the average turn around time to ave
> time in trade.
>
> Expectancy/PowerFactor/BiniomialSimulation is a beautiful thing - I
> hope it is good and the mathematicians approve of it.
>
> Even Graham's exposure can be easily managed as above (I tend to work
> everything out my own way instead of struggling to come to grips with
> other people mysterious or hidden logic (sorry Graham - I wanted to
> talk to you about exposure but couldn't fit it in).
>
>
> brian_z
>
> --- In amibroker@xxxxxxxxxxxxxxx, "danielwardadams"
> <danielwardadams@xxx> wrote:
>>
>> I'm glad to see someone else mention the t+3 clearance issue. I
>> primarily trade in IRAs in which the use of margin isn't allowed.
>> Consequently, I always have to wait the 3 day settlement time
> before
>> my funds from a long sell (can't short in IRAs either) are
> available
>> to trade again. In "Cash" accounts and with the use of margin this
>> isn't an issue as the funds can be reused immediately.
>>
>> My principal use of AB is to backtest trading strategies and there
> is
>> no way to take this settlement time into account during a backtest.
>> Sometime ago (a year maybe) after I brought this to Tomasz's
>> attention, he said he thought adding this settlement time lag to
> the
>> backtester would be a good thing and thought it might give AB a
>> competitive edge since to his knowledge no other backtesting
> software
>> handled it either.
>>
>> At the time, I told him I always just attempted to achieve maximum
>> total returns in my backtests knowing full well I could never
> achieve
>> them because I will always have a portion of my portfolio
> unavailable
>> for trading.
>>
>> To my knowledge this issue has never been addressed and I don't
> know
>> where it fits in the priority of enhancements (?).
>>
>> Dan
>>
>> Note: I dont think the Broker Feed => Medved QT => Amibroker
> solution
>> to genericizing the plugin issue is a bad idea either.
>>
>>
>> --------------------------------------------------------------------
> -
>> Re your point on scalping.
>>
>> > There are people who are doing scalping in an IB--->QT
> environment.
>> >I am
>> > guessing they are not suffering any substantial efficiency losses
>> as they
>> > are quite successful.
>>
>> Possibly I am mis-understanding something about the way the funds
>> from intraday trades are cleared but if I have take 1% on an
> intraday
>> trade and then have to wait t+3 for the funds to be available
> haven't
>> I reduced my returns to 1%/3?
>>
>> If that isn't the case (I don't have to wait 3 days to put the
> closed
>> intraday trade funds back to work) then I would love to go to IB
>> (based on the number of others who use it and the body of published
>> work that will help me make the transition to AT).
>>
>> brian_z
>>
>> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
>> >
>> > Rakesh,
>> >
>> > I am with you on everything there (happy to pay for ad free
>> > enviornment etc).
>> >
>> > As per your previous comment:
>> >
>> > > > > A solution that covers Broker Feed---->MedVed QT------->
>> > >>AmiBroker
>> > > > can cover
>> > > > > the needs of a large portion of the universe of AB clients.
>> >
>> > Re your point on scalping.
>> >
>> > > There are people who are doing scalping in an IB--->QT
>> environment.
>> > >I am
>> > > guessing they are not suffering any substantial efficiency
> losses
>> > as they
>> > > are quite successful.
>> >
>> > Possibly I am mis-understanding something about the way the funds
>> > from intraday trades are cleared but if I have take 1% on an
>> intraday
>> > trade and then have to wait t+3 for the funds to be available
>> haven't
>> > I reduced my returns to 1%/3?
>> >
>> > If that isn't the case (I don't have to wait 3 days to put the
>> closed
>> > intraday trade funds back to work) then I would love to go to IB
>> > (based on the number of others who use it and the body of
> published
>> > work that will help me make the transition to AT).
>> >
>> > brian_z
>> >
>> >
>>
>
>
>
>
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