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superfragalist,
"Every TA platform has advantages and disadvantages. A lot of
those
advantages and disadvantages depend on what you're trading and the
time frame."
That IS absolutely true. Most of us have different programming and
usage background and habit around money markets.
"Experienced traders understand that the program has to fit what
they
are doing. The high cost of switching is only acceptable if they see
a
benefit in profits greater than the cost. They know a particular
program doesn't make the money, they have to make money from the
program, so a different TA software package has to give them some
kind
of edge."
You see it correctly: experienced traders need to know direction of
development in system they use from datafeed, hardware and software
solution. I have a mechanical trading system in MS but improvements
what I want to issue can't be easily developed in MS. I spent
more
money on MDK + sample Delphi programs for .dll programming than price
of AB and still want to change platform.
"Every TA program requires add-ons for one thing or another.
Every
company selling a TA program has a lot of add-ons for sale including
independent products like TradeSim."
+ metastkuser,
"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."
TradeSim is a great app. User's guide is a must for all beginner
system developer. I spend few weeks with TradeSim in 2003 but
discovered main disadvantage it can't be used for intraday data.
It
was only capable to analyze systems based on daily or longer
timeframes. That was two main version earlier but searching in actual
version's guide and forum for "intraday" shows not much
more results.
It seems they still do not developed intraday part.
"Another issue is the ability of a company to survive. It's a
real
pain to switch and have your TA company go broke. …but it's a
question
you better know the answer to before you invest a lot of money into
putting together your platform."
That is also true. As I know AB depends on only one main developer.
I'll try to meet him because I don't live very far from his
hometown…:
-)
I believe both packages can be used for real trading in trading for
living.
If anybody seeks more or totally automatic usage in trading, trade
monitoring then AB seems to provide more developing space in its
recent version. User feedback and realtime trading seems main
improvement direction in its new versions.
P.S.: I can show a truly easy comparison for future. I see no big
improvements in MS since 7.22 version in database-, programming
language-, system tester limitation while AB gain plenty in last 3
years to become true competitor.
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