Hello, Lots of misconception I can see.
AmiBroker does have direct auto-trading interface to IB http://www.amibroker.com/at/, and you should know about that Brian, considering the fact that you are UKB contributor together with Herman, and Herman is just "using AB as a trading platform" and he is doing daytrading. Plus IB has international coverage. A "t+3 clearance issue" is different story. It just for IB accounts that have less than $25000 funds, that is why it is non-issue for traders. If someone has less than $25K, better forget about daytrading. US IRA accounts are another story, but as I wrote Daniel, IRA-style delayed clearance is on to-do list. Best regards, Tomasz Janeczko amibroker.com ----- Original Message ----- From: "brian_z111" <[EMAIL PROTECTED]> To: <amibroker@yahoogroups.com> Sent: Wednesday, March 12, 2008 11:51 PM Subject: [amibroker] Re: Interactive Brokers plugin policy change >> I'm glad to see someone else mention the t+3 clearance issue. > > I'm amazed that it never seems to get a mention. > > Sadly I can't see that any daytrader could or would use AB as a > trading platform (unless they have AB >> QT >> a broker other than AB. > > I guess they use AB for backtesting and go to another platform for > trading OR sit in the chair between an AB screen and a > broker/platform screen. > > For myself, I will have to start to look at available platforms at > some stage - I am reluctant because of the energy I have invested in > AB and also I don't want to code using online platforms (too easy for > the owner to pinch my code/systems). > >> My principal use of AB is to backtest trading strategies and there >>is >> no way to take this settlement time into account during a backtest. > > Minimizing turn around time between trades is a rule in > my 'essentials' list e.g for short term EOD trade, on the close, I > can get out a little early and get back in next trade the same day > (at Options Express). > > I do account for it in my system evaluation (I will have to get on my > expectancy soapbox again). > > a) use expectancy% as the baseline metric (derived from PowerFactor) > b) use expectancy * ave time in trade to standardize as PA% > (convert to annual return) > c) if I have to wait for the next trade of for technical reasons I > can't go straight back in, add the average turn around time to ave > time in trade. > > Expectancy/PowerFactor/BiniomialSimulation is a beautiful thing - I > hope it is good and the mathematicians approve of it. > > Even Graham's exposure can be easily managed as above (I tend to work > everything out my own way instead of struggling to come to grips with > other people mysterious or hidden logic (sorry Graham - I wanted to > talk to you about exposure but couldn't fit it in). > > > brian_z > > --- In amibroker@yahoogroups.com, "danielwardadams" > <[EMAIL PROTECTED]> wrote: >> >> I'm glad to see someone else mention the t+3 clearance issue. I >> primarily trade in IRAs in which the use of margin isn't allowed. >> Consequently, I always have to wait the 3 day settlement time > before >> my funds from a long sell (can't short in IRAs either) are > available >> to trade again. In "Cash" accounts and with the use of margin this >> isn't an issue as the funds can be reused immediately. >> >> My principal use of AB is to backtest trading strategies and there > is >> no way to take this settlement time into account during a backtest. >> Sometime ago (a year maybe) after I brought this to Tomasz's >> attention, he said he thought adding this settlement time lag to > the >> backtester would be a good thing and thought it might give AB a >> competitive edge since to his knowledge no other backtesting > software >> handled it either. >> >> At the time, I told him I always just attempted to achieve maximum >> total returns in my backtests knowing full well I could never > achieve >> them because I will always have a portion of my portfolio > unavailable >> for trading. >> >> To my knowledge this issue has never been addressed and I don't > know >> where it fits in the priority of enhancements (?). >> >> Dan >> >> Note: I dont think the Broker Feed => Medved QT => Amibroker > solution >> to genericizing the plugin issue is a bad idea either. >> >> >> -------------------------------------------------------------------- > - >> Re your point on scalping. >> >> > There are people who are doing scalping in an IB--->QT > environment. >> >I am >> > guessing they are not suffering any substantial efficiency losses >> as they >> > are quite successful. >> >> Possibly I am mis-understanding something about the way the funds >> from intraday trades are cleared but if I have take 1% on an > intraday >> trade and then have to wait t+3 for the funds to be available > haven't >> I reduced my returns to 1%/3? >> >> If that isn't the case (I don't have to wait 3 days to put the > closed >> intraday trade funds back to work) then I would love to go to IB >> (based on the number of others who use it and the body of published >> work that will help me make the transition to AT). >> >> brian_z >> >> --- In amibroker@yahoogroups.com, "brian_z111" <brian_z111@> wrote: >> > >> > Rakesh, >> > >> > I am with you on everything there (happy to pay for ad free >> > enviornment etc). >> > >> > As per your previous comment: >> > >> > > > > A solution that covers Broker Feed---->MedVed QT-------> >> > >>AmiBroker >> > > > can cover >> > > > > the needs of a large portion of the universe of AB clients. >> > >> > Re your point on scalping. >> > >> > > There are people who are doing scalping in an IB--->QT >> environment. >> > >I am >> > > guessing they are not suffering any substantial efficiency > losses >> > as they >> > > are quite successful. >> > >> > Possibly I am mis-understanding something about the way the funds >> > from intraday trades are cleared but if I have take 1% on an >> intraday >> > trade and then have to wait t+3 for the funds to be available >> haven't >> > I reduced my returns to 1%/3? >> > >> > If that isn't the case (I don't have to wait 3 days to put the >> closed >> > intraday trade funds back to work) then I would love to go to IB >> > (based on the number of others who use it and the body of > published >> > work that will help me make the transition to AT). >> > >> > brian_z >> > >> > >> > > > > > 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! 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