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Hi Sidhartha,
No offense to anyone,but it is a bit of a messy solution and one that
is good enough to make one dangerous.
It certainly appears that a skilled programmer could make the
necessary changes to bring it to a professional level,but I am
certainly not that person.
IMHO,whether one is a discretionary trader or system trader,the
ability to perform some sort on WFA is essential,and the very same
analytics/statistics should be available to both styles.
Does anyone think the discretionary traders at firms such as SAC
capital simply wing it,while the stat arb boys have all the
firepower??
--- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@xxx>
wrote:
>
> 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@> 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
> > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>
------------------------------------
Please note that this group is for discussion between users only.
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SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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