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RE: [amibroker] 'Rule Based' versus 'Discretionary' trading...



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Trading Reference Links

For the discretionary trader (who uses many arrow marks on charts) the
2 items that are weak are:
1.
Handling of placing a manual arrow on symbol linked volume/tick
charts. In some random way, it shows on some charts but not on others
(until start of next bar)

2.
Lack of (manual) arrow shape(s) that does not mask bars OHLC
information and causes less clutter. (either built in or easily user
defined).

Joseph Biran
____________________________________________
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On
Behalf Of Tomasz Janeczko
Sent: Monday, August 18, 2008 1:33 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] 'Rule Based' versus 'Discretionary'
trading...

Hello,

Not wanting to hijack this thread but whenever I ask
about some itemized list of what is exactly "weak" in AB charting,
I don't receive any meaningful reply. I would really want to know
some objective list instead of statements I heard on ET that
"charts are ugly" which for me unfortunatelly means nothing,
considering the hunderds of ways charts can be customized
according to user taste in AB. 

Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message ----- 
From: "sidhartha70" <sidhartha70@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, August 18, 2008 9:16 PM
Subject: [amibroker] 'Rule Based' versus 'Discretionary' trading...


> Thought I'd try and start a discussion on this very important
topic...
> 
> Over the years I seem to have come full circle... back in 1994
> starting as a largely discretionary trader, I moved into 'rule
based'
> systems while working for Merrill Lynch back in 1997. I spent about
7
> years trading various types of rule based system. All variations on
> statistical arbitrage themes.
> 
> Over recent years I have migrated away from rule based trading back
to
> discretionary, and find myself developing some quite strong opinions
> about rule based trading (opinions which I happy to have
changed!!!).
> 
> One thing that strikes me about this forum is the focus on 'rule
> based' trading and backtesting/optimization of systems. Perhaps this
> relates to the grounding of the product. I have been an owner of
> AmiBroker for about 5 months now I guess... and it seems to me it's
> strengths lie in backtesting & optimization (if only I had a product
> like this back in 1997 my life would have been an absolute joy).
> However, it's weaknesses seem to lie in it's charting (as has been
> commented on a couple of reviews on Elite Trader) and particualrly
the
> openness & adaptability of it's charting framework.
> 
> Anyway, I'd love to start an open discussion on 'rule based' versus
> 'discretionary'... Pros, cons, differences, potential returns from
> each route, does one route lead to the other etc..etc...
> 
> I'm very much wanting to learn from opening this subject up.


------------------------------------

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