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Ed,
You compared Metastock System Tester versus Amibroker. I know the
latter wins. But I was asking about the combination of MS/TradeSim
versus AB, and ignoring costs (obviously AB is cheaper). I'm not
convinced AB is better than MS/TS.
--- In equismetastock@xxxxxxxxxxxxxxx, "Ed Hoopes" <reefbreak_sd@xxxx>
wrote:
>
> I am a private investor. I have no affiliation with AB - other than
> I'm a registered owner of the software. I have nothing for sale.
>
> I switched 100% to AmiBroker in Mar '05, although I still attend the
> local MS users group meetings here in San Diego. I have MS 9.0 EOD
> along with DownLoader 8.0 (that's right - no typo). I run AB 4.70.
>
> The thing that got me switch was that when I upgraded from MS v8 to v9
> - MS totally broke because I could no longer download data from
> eSignal. At the MS roadshow where I bought the upgrade, there was no
> mention that they had dropped eSignal - curiously, they still use eSig
> RT data. This REALLY pissed me off, since I trade for a living - it
> took me a couple of weeks of beating on MS to get them to make things
> work again - my DL v8 is a "factory special".
>
> Now to your question:
> The backtester for AB has 3 levels of usage. The top (simplest) level
> is all that I have used. These are the things that I like about the
> AB backtester:
>
> * It is a true PORTFOLIO backtester, MS is single stocks. Don't
> be fooled here, MS uses the word "portfolio" when talking about their
> backtester, but they actually mean multiple purchases of a single stock.
> * there are 2 default report modes, one showing the performance
> of each stock and the second the performance of the portfolio
> * There are 35 metrics returned in the default report - all in a
> format so you can readily import them into Excel.
> * to me, two of the most important portfolio metrics are:
> Compound Annual Return ($ earned / total $ invested or not)
> Risk Adjusted Return ($ earned / $ invested)
> >>> I think this is a huge problem with MS's backtester, hey, you made
> a million, but I won't tell you how much you invested to earn it!
> * There is a equity graph, like MS. HOWEVER there is a daily
> plot of $$ invested, $$ in cash, $$ drawdown. This allows you to see
> how your portfolio is performing day-by-day.
> >>> My ETF trading system uses a Ranking Value. If no ETF's have a
> high enough rank (like right now), the system is in cash. Knowing the
> daily value of portfolio cash was essential to optimizing this system.
> YTD performance is +14%
>
> * The optimizer has an animated 3-d graph of performance versus
> optimization values. In one opitmization run, you can see the
> optimization graph for each of the 35 parameters - not just equity vs
> opt value.
>
> In summary, I think the AB backtester answers the real-world questions
> that every trader wants to know "What will be the returns on my
> investments?" What are the risks - drawdowns?. They are all part of
> Standard AB. To get this type of information in MS, you would need to
> buy SimScript (I think) a > $1000 add-on.
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> <andysmith_999@xxxx> wrote:
> > Would anyone offer a comparison of Metastock-TradeSim combination
> > versus Amibroker in the area of backtesting?
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