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[amibroker] Re: Intraday versus EOD technique - help for a newbie please



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Thanks Louis, and Barry for your very full and prompt reply.  The
sharing of information by users is one of the things that makes me
glad I chose Amibroker over other packages that would have been easier
for a non-programer to learn. The other thing is the constant ongoing
development.
I will look further at all you mentioned Barry.
Thanks again.
--- In amibroker@xxxxxxxxxxxxxxx, "Barry Scarborough" <razzbarry@xxx>
wrote:
>
> If you are serious about day trading, and using a 1 minute or 15 minute 
> chart implies that is what you will be doing. Open an account at 
> Interactive Brokers. Their commissions are $0.005 per share with a 
> minimum of $1.00 per trade, $2.40 per futures contract. You will be 
> making a lot of trades and the low commission will save you a lot of 
> money. Also you will need to have an account over $25,000 if you plan 
> to make many trades a day. That is called day pattern trading and they 
> will freeze your account if you trade too much. But if you trade using 
> a 30 minute or hour chart and limit your trading to a few a day you can 
> get buy for a while. 
> 
> IB has a free data feed and supports up to 100 symbols. But you don't 
> need to track that many. Pick a few stocks and get used to how the 
> behave. You will be much better off. OR consider trading one futures 
> contract. 
> 
> The next thing you need is a good system. Trading intraday using a 
> short time frame will kill you during sideways periods or when the 
> market is turning slowly. You will get many signals and have to know 
> when to exit or stay with it. When I say many, IB shut me down when my 
> auto trading system entered over 100 trades in a few seconds. So 
> picking your trade is not easy. 
> 
> If you use IB and their data feed you can also use AmiBrokers 
> AutoTrading interface. It is a free interface and you can use a simple 
> button pushing program, it is a formula like any other but using the 
> parameters you can launch trades with the push of your cursor. That is 
> much faster than trying to enter the trades in the brokers program, TWS 
> with IB. I added an indicator that allows auto trading via the 
> parameters of the indicator. Search "auto trading" in the AFL library. 
> IB also has a simulated account that will allow you to "paper trade" 
> your system. Use it a lot until you get used to your system.
> 
> If you plan to auto trade even using my crude interface please join ABs 
> auto trading forum, http://finance.groups.yahoo.com/group/AmiBroker-at/
> This form of trading is nothing like trading off a static chart. You 
> will get signals that a static chart will not reveal. You can simulate 
> auto trading using a tool in AB call Bar Replay. After collecting 
> minute data you can play that back into your formula to see how it 
> reacts to transient signals you get during live trading, well almost. 
> Collecting 5 second data and playing that back would get even closer. 
> 
> Have fun,
> Barry
> 
>  --- In amibroker@xxxxxxxxxxxxxxx, "triplephile" <steve.andrewes@> 
> wrote:
> >
> > Been using Amibroker (Pro) in EOD mode for over a year now so getting
> > to know it.  Want a bit more action, and can't see instructions for a
> > simple way to start intraday trading.  
> > Assuming I had a live data feed, and have an AFL to give me a buy
> > signal, is it as simple as opening Auto Analyzer, just checking the
> > "Run every" box and putting "1 min" for example as the value,  then
> > just waiting for Buy and Sell signals, which I then place on my
> > Brokers platform.
> > If there is a "How to" doc I have missed a link to it would be
> > appreciated.
> > Thanks.
> >
>



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