I like Amibroker a great deal primarily for its charting and backtesting capabilities, but having worked with it for awhile there are certainly some inherent limitations.
Amibroker definitely cannot do the following: * Depth: No Market Depth support, only limited support for best bid/ask, which are not saved and processable like OHLCVOI arrays * Granularity: Timeframes < 5seconds, i.e. tick, are not fully supported, and no milliseconds support at all ((inherent limitations in the data structures used by Amibroker) So, if you want to analyze or trade in small time increments or wish to take advantage of bid/ask sizes and search deeper in the book (esp for futures), it is difficult to utilize Amibroker's full capabilities. For longer timeframe trades and analysis with an emphasis on stocks, or futures trades based on market prices, Amibroker + IB is a great combination I recommend to anybody and it is what I've used with much satisfaction myself. --- In amibroker@yahoogroups.com, "caternore" <catern...@...> wrote: > > Hello All, > > I have been trading my own account for about the last eight or so years. I > have gone through the typical cycle of people getting into trading (buying > advice, buying black box system, looking for the holy grail, etc) and losing > money the whole time. Recently ( last 4 years or so) I have become > moderately successful with a intermediate to long term trend following system > that I use on stocks. However I could never break that barrier to ultimate > success (consistency). I have come to relies (right or wrongly) that a > system is more than a pair of entry and exit rules it must account for money > management and position sizing as well(if you guys would like to add anything > that cool). I also relies the limited capabilities in my (then) current > software program Metastock. With Metastock I had no way to thoroughly back > test all of my ideas over a portfolio of stock to see what would happened. I > had no way to program inside Metastock the various rules that I used to trade > stocks. I believe that of all the things that lead to my inconsistent > performance, the lack of the proper software was probably number 2 > contributor to my current situation (number 1 is me lol). > > As a result I have been researching charting and back testing software, that > I could use to auto trade from for about the last 6 months or so. My > requirements for the new software are in order of importance. > > 1) True Portfolio-Level Back testing. But also with the capabilities to > back test a full system ( entry, exit, money management, position sizing, > etc). > > 2) A good charting interface. > > 3) The ability to Auto trade through my broker. > > In addition to the above I was also looking for > > 1) I needed a program with its own language but robust enough not to limit > me. As I am not a programmer, I did not want to learn a computer language > (c+ etc) for the next 3 or 4 years before I could program my system. But at > the same I am willing to learn. > > 2) Software that can be extended and molded to what I need it to do. > > 3) A good community of people to bounce Ideas off of and to interact with. > > After reading what I could online I decided to buy a few book by a MR. Bandy > and ask a few question on this board. To my surprise it seems as if > Amibroker not only meets these criteria but exceeds them. Which leads me to > my question. What Cant Amibroker do? Put another way what are the > limitation inherent in Amibroker? > > Thank You > ACE >
