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Bill,
Agreed. Sorry. I should have said 'solely rule based' vs
'discretionary'... but I think people got my drift.
--- In amibroker@xxxxxxxxxxxxxxx, "bilbo0211" <wjdandreta@xxx> wrote:
>
> There is some confusion created by the title you chose for this
> thread, it implies discretionary traders don't follow rules. That is
> false.
>
> Normally the compliment of discretionary trading is called mechanical
> system trading not "rule based" trading.
>
> It is more reflective of the difference between the 2 groups.
>
> Typically discretionary traders trade what they see on a chart. What
> that usually means is the discretionary trader evaluates the state of
> the market and selects a set of trading rules most appropriate for
> current conditions. Mechanical system traders use the same set of
> rules for all market conditions.
>
> The reason why discretionary traders need a flexible graphical
> interface is because they need to have information presented to them
> in a way that is easiest for them to interpret. That is different for
> everybody.
>
> I think it is possible to create an adaptive mechanical trading system
> but IMO, it will require a large AI component. Also, there is little
> incentive to program patterns when they can easily be identified on a
> chart with a glance.
>
> Bill
>
> --- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@> wrote:
> >
> > As an aside, I'm not entirely conviced that the AmiBroker's user base
> > is as skewed towards 'rule based' traders as you might think... when
> > the thread 'Anyone actually making money?' was active as many
> > discretionary based traders came forward as 'rule based'.
> >
> > However, I accept that the general public love a bit of 'rule based'
> > trading and from a marketing perspective it probably gets people in
> > the door in terms of AmiBroker's initial sales. How many of those
> > users actually go on to be genuine hard and fast rule based traders...
> > well, my guess is it's a pretty low percentage.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "how97" <101.158294@> wrote:
> > >
> > > 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@xxxxxxxxxxxxxxx, "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@xxxxxxxxxxxxxxx, 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@xxxxxxxxxxxxxxx
> > > [mailto:amibroker@xxxxxxxxxxxxxxx]
> > > > On Behalf
> > > > > Of Tomasz Janeczko
> > > > > Sent: Monday, August 18, 2008 4:33 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.
> > > > >
> > > >
> > >
> >
>
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