How97,
You speak for your own personal interests
as a systems-only-trader. You should look at things from TJ’s side as
well. Since he asked us, it is clear that he wants some input on how to improve
Amibroker’s charting side as well.
By the way, you are very much mistaken if
you think that discretionary traders have no use for Amibroker and its AFL
capabilities. I have constructed quite a few models that I use, and have lots
more coming, that in no way are for system users only. There seems to be a
widespread perception that all that discretionary traders do is draw a few
trendlines, label some Elliott Waves, and look at a few Fibonacci levels. That
is not true. For instance, I have run various tests on most of the MA’s I
watch in order to assign them their proper level of importance when making
decisions – which was greatly simplified using Amibroker. Also, a lot of
discretionary traders use quite advanced custom made indicators in order to
extract more information from the market. Amibroker is excellent for those
things as well.
No matter how much I like the program, I
will continue to ask for improvements on occasion, especially when the
programmer asks for input.
You also mention that if this and that
program has better abilities, why do we not use it? The reason is this:
Amibroker lacks a few minor things from that program, a few minor things from
this program, and so on, while having great general and (some) advanced charting
capabilities. For TJ to gradually add a few useful things from other programs
to further improve Amibroker for all kinds of users will in the end equal more money for TJ, which in the end equals if possible even more dedication, even better
software, if possible even better support.
Since Amibroker in itself is not a system,
from my point of view there isn’t any downside to TJ improving all
aspects of Amibroker in order to attract more and more users.
Lastly, I know of many people who are
discretionary traders at various levels of proficiency to whom I recommend
Amibroker. It is a very simple and mostly user-friendly program, and you get much
for the price of the program. So, until I see some statistics about the
Amibroker users, I would not assume that most of them are hardcore systems or
auto-systems traders that desperately need all of the (arguably very good and
useful) features you mentioned, nor would I assume that even if most customers
are system traders, that they would disapprove of new charting features,
features that in the end may give them new ideas for their system designs.
Well, just my 0.13 SEK, and I am not yet
an Immortal.
Best regards / JM
Från: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] För how97
Skickat: den 19 augusti 2008 17:17
Till: amibroker@xxxxxxxxxxxxxxx
Ämne:
[amibroker] Re: 'Rule Based' versus 'Discretionary' trading...
I believe it is clear that the large majority of the
AB users want
to have the possibility for rule-based trading, backtesting,
automatic analysis, automatic trading etc. For that group Amibroker
is just excellent and it is constantly enhanced in these
possibilities. And that is what the large majority of its users
wants. And AB strongly supported by its users and driven by their
wishes.
The large majority of users is clearly not the discretionary
traders. These may need better or specialized charting. That may
well be. If this better charting software exists already as you are
saying, why are you not using it, why did you come here to AB? What
were you looking for?
I think it is also a clear preference of Tomasz to develop AB into a
direction where most of its users wants to ahve it. And that is
good. A lot of the stuff in AB is much too complex if you are just
looking for other kinds of charting. So why bother? You need to use
a different software.
By the way: In my opinion AB allows excellent charting.
Regards
how97
--- In amibroker@xxxxxxxxxps.com,
"sidhartha70" <sidhartha70@...>
wrote:
>
> From my perspective, and this is really why I connected charting to
> the ideas of 'rule based' vs 'discretionary' trading... if you are
a
> discretionary trader, from a software perspective it is ALL about
> visibility. If the software you are using doesn't or can't give you
> the best visibility available then you are at a disadvanatge. You
> can't make sensible discretionary trading decisions without being
able
> to see how current market structure has evolved, what market
dynamics
> are at play, how the auction process is evolving at different time
> frames etc..etc.. You simply don't get that from bar & candle
charts.
>
> Hence my obsession with Market Profile & Equivolume and generally
more
> accessability and adaptability to AmiBroker's charting facilicites.
>
> Currently it's a fabulous piece of software, particualrly for 'rule
> based' traders.... But probably a less fabulous piece of software
for
> discretionary day traders for example. But of course, I appreciate,
> it's hard to be all things to all men...
>
> --- In amibroker@xxxxxxxxxps.com,
Ken Close <ken45140@> wrote:
> >
> > One simple suggestion for charting improvement:
> >
> > Put in the ability to insert a "Tab" character in a Title
statement
> in order
> > to make it easier to produce multi-line tables with
"columns"
left
> justified
> > no matter how many decimal places in previous values in the same
row. I
> > have done it via complex IIF statements but how nice it would be
to
> insert
> > the code for a tab character to create columns. No, I do not
want to do
> > this with the gfx commands (too complex for this application).
> >
> > Ken
> >
> > -----Original Message-----
> > From: amibroker@xxxxxxxxxps.com
[mailto:amibroker@xxxxxxxxxps.com]
> On Behalf
> > Of Tomasz Janeczko
> > Sent: Monday, August 18, 2008 4:33 PM
> > To: amibroker@xxxxxxxxxps.com
> > 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.
> >
>
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