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Your comment on simulated discretionary trading was addressed earlier
in the thread by Herman, though perhaps not to the degree of backtest
metrics that you might be after.
http://finance.groups.yahoo.com/group/amibroker/message/128437
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "matrix10014" <allansn@xxx> wrote:
>
> Hi T,
> As a discretionary trader,I find the charting package in Ami to
be
> excellent.The only gripe I have is that one can not shift to higher
> time frames(daily to weekly) without the chart and trendlines
jumping
> all over the place,i.e.,from one date to the next.Without having
the
> end dates locked(far right dates),multiple time frame analysis
> becomes a very difficult task,and analysis is rendered useless.Its
> essential that the far right side of the chart have the same date
on
> any time frame.I discussed it in the past,but you had your own
> views.Sadly,I had to go to another program.
>
> On another note,and far more important, a discretionary trader
needs
> the same risk management tools that a system trader does.The two
> styles are not so disimilar that a system trader has the benefit of
> full backtesting/optimisation/WFA while the discretionary trader
> should be left to perform his analysis with a pencil,paper and
> abacus.Ami should offer the capability to SIMULATE discretionary
> trading.That means the ability to point and click on the chart and
> record all Entrys(long and short),Exits,and stops with
> pyramiding/scaling capabilities.In addition full reporting should
be
> available with a scaled down version of backtest results as well as
> the capability to export the trades should one wish to do perform
> further analysis,i.e position sizing,Money management.
>
> Unless one is performing algorithmic trading/mean reversion
> strategies,I think there is a fine line between rule based trading
vs
> discretionary.Granted the approachs are different,but once a trade
is
> on,one still has to manage it with the very best tools
> available.Hopefully,Ami can level the playing field between the
> system "tools" vs the "discretionary" tools avaiable.
>
> Allan
>
>
>
>
>
> Allan
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <groups@>
> wrote:
> >
> > I appreciate all suggestions and there is really no problem
> > in adding new features provided that there is demand for them.
> > I specifically asked for charting suggestions, as this is way
> > more "subjective" thing than backtesting and other rule-based
tools.
> > Discretionary traders seem to be very sensitive to all those
> > little details and aesthetics. These are are sometimes easy to
> develop
> > sometimes not, but unless you hear the feedback it is not possible
> > to know what every single person uses.
> > So again, feedback is appreciated. If possible and not too time
> consuming
> > for you, I greatly appreciate filling the issue via feedback
> center. If not,
> > I can keep track on my internal list.
> >
> > Best regards,
> > Tomasz Janeczko
> > amibroker.com
> > ----- Original Message -----
> > From: "sidhartha70" <sidhartha70@>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, August 19, 2008 5:30 PM
> > Subject: [amibroker] Re: 'Rule Based' versus 'Discretionary'
> trading...
> >
> >
> > > How97,
> > >
> > > I agree. You've stated nothing that I haven't already.
> > >
> > > I do use other software... MarketDelta & have been looking at
> Ninja
> > > with a market profile plug in as an alternative.
> > >
> > > Like others, I'm not desperately keen on using multiple software
> > > systems. I'd rather try and get it under one roof. And the
truth
> is it
> > > really wouldn't be hard for TJ to add some of that
functionality.
> > >
> > > I'm adding my voice to a largely dominant rule based crowd... I
> hope
> > > you're ok with free expression of wishes and ideas...??
> > >
> > > I think others have also made it clear on this thread that
they'd
> like
> > > to see some more functionality on the charting side too.
> > >
> > >
> > > --- 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.
> > >> > >
> > >> >
> > >>
> > >
> > >
> > >
> > > ------------------------------------
> > >
> > > Please note that this group is for discussion between users
only.
> > >
> > > To get support from AmiBroker please send an e-mail directly to
> > > SUPPORT {at} amibroker.com
> > >
> > > For NEW RELEASE ANNOUNCEMENTS and other news always check
DEVLOG:
> > > http://www.amibroker.com/devlog/
> > >
> > > For other support material please check also:
> > > http://www.amibroker.com/support.html
> > > Yahoo! Groups Links
> > >
> > >
> > >
> >
>
------------------------------------
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