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>If you guys knew what you Knew now when you first started using >Amibroker, what would you do differently?
That's not a good question ... it doesn't appear to get to the heart of your enquiry ... perhaps you had difficulty articulating your 'need' or maybe there isn't a real question in there?
Possibly you are asking:
1). - What mistakes did I make, that, with the benefit of hindsight, I would avoid now?
2). - OR, What would I use AB for if I was starting again, with the knowledge and experience that I now have?
1). - What mistakes did I make, that, with the benefit of hindsight, I would avoid now?
There is no answer to this question because my mistakes made me who I am today ... as a trader, AB user and AB community member.
You have to know where I started to understand that the mistakes were my own, and necessary. Also, hindsight is 20/20 vision .... you need your specs to find your specs etc.
I think there are two components involved; learning AB's capabilities and developing your own trading style, and strategies, and the latter determines which of AB's capabilties you are going to specialize in.
The first is an ongoing issue for me ... there is so much involved and there is no 'mother of all books/indexes' ... I am the kind of person who just wants to reach for the index, find the reference, learn the relevant portion and then continue on my way (all in the privacy of my own office).
The mother lode just aint there, not in one place and not in its entirety ... probably AB is too big now to put it all in one place anyway.
A lot has changed since I started using AB, around 3-4 years ago .... Tomasz has done a lot, publically and privately, to provide more learning assistance for newcomers.
For me learning AB is probably more difficult than developing trading philosophies etc ... my 'good ideas' in tray is overflowing and a long way ahead of my ability to implement them (assuming I have the time).
Which came first ... the chicken or the egg?
- learn AB in a broad brushstroke way and then start work on making a living and specialising in one aspect of AB?
- OR just learn what you need to know, to implement your ideas, as you go along (a piecemeal approach).
I have used the second approach.
IMO a lot of people end up becoming AB professionals, instead of trading professionals, so I am wary about going down the first path, but I am biased.
Another common mistake is for developing traders to become algorithm addicts or IT addicts .. once you are hooked on them you can forget about trading and become a consultant instead.
So, looking back the main issues seems to be how I went about learning AB compared to the most efficient way of doing that ... I could have done better in that regard but it wasn't all my fault.
2). - OR, knowing what I know now what would I use AB for if I was starting again, with the knowledge and experience that I now have?
I really only use AB for:
Data:
- access free Yahoo EOD data, via AmiQuote, for researching my ideas (absolute accuracy of the data isn't crucial).
- access RT data from eSignal (because it is reasonable and it has international exchanges available ... I live outside the US). I mainly use RT data for R&D rather than live trading.
R&D:
- I only use basic customisation of charts
- I use indicators and explorations for system design and testing (the ideas are subtle and, sort of, complex but the implementation is basic)
- I sometimes use scan mode for R&D or finding a list of stocks for potential trades
So, starting today, with a clean slate and being brutally minimilistic:
- don't answer posts
- don't get involved in community effort
- don't publish anything, anywhere
- forget about all the other AB features except for charting, scanning and explorations
- one way or another develop my own backtester, and other stuff, inside or outside of AB (for personal use only ... if it was good enough, and of interest to other traders I would give it away somewhere except for my core trading secrets)
- Perhaps learn RMath and try to use that for the above
- maybe I won't do any more extensive R&D ... just trade to pay the bills and go to the beach more often.
Possibly the only advanced feature in AB that might tempt me to further learning is AutoTrading or, as an outside chance, Optimization.
If I had my time again possibly I would:
- read the manual.
- read RalphVince earlier
- start with RMath from the get go
- try not to get angry about the things that pinged me off
I believe that I have squeezed the juice out of the TA orange, so I don't need indicators, optimization etc.
The only thing that might change, in the future, is if I decide to try another style, which would be what I call 'clip trading' e.g. spread trading, mispriced options etc .... that is to say 'arbitrage trading', which I believe is a viable style but one that I have avoided because I would have to compete with the big boys on their turf (high speed, high IT skills required).
I guess I can't blame AB for all of that!
--- In amibroker@xxxxxxxxxxxxxxx, "caternore" <caternore@xxx> wrote:
>
> Hello All,
> I am new to Amibroker. Amibroker seems highly customizable and robust. The community on this board seems to represent various different Ideas, view points and user knowledge(trading, Amibroker, etc) . My question to the board If you guys knew what you Knew now when you first started using Amibroker, and or first started trading with Amibroker, what would you do differently?
>
> Thank you
> ACE
>
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