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I took a look at Herman's thread Mike and I personally think it's a
bit of a messy solution to what Allan is requesting. Basically he
wants something of 'professional' quality rather than tacked on.
--- In amibroker@xxxxxxxxxxxxxxx, "Mike" <sfclimbers@xxx> wrote:
>
> 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@> 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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