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RE: [EquisMetaStock Group] Re: Metastock/TradeSim versus Amibroker



PureBytes Links

Trading Reference Links

I trade a portfolio of shares on a daily and weekly timeframe.  Metastock
and tradesim are excellent for testing this. However your forking out abit a
dosh for the priviledge.

If starting out and deciding which software to choose, I personally would
start with Amibroker.  It is relatively inexpensive, incredibly fast, also I
perfer the user interface, and the programming language is far superior.

In my own system development and trading , I use a combination of
Metatstock, Tradesim and Amibroker.

Regards

Dave


-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of r7investment
Sent: Tuesday, 30 August 2005 5:17 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Metastock/TradeSim versus Amibroker

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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