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Software Review Trading Software & Platforms

View Poll Results: Best TA software
Amibroker 43 75.44%
Advanced Get 3 5.26%
Market Delta 2 3.51%
Tradestation 2 3.51%
Metastock 8 14.04%
Ninja Trader 9 15.79%
Multicharts 2 3.51%
Wealth Lab 0 0%
Matlab 2 3.51%
R 0 0%
Multiple Choice Poll. Voters: 57. You may not vote on this poll

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  #11 (permalink)  
Old 16-10-2010, 05:46 PM
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Originally Posted by no1lives4ever View Post
. TS today is a platform which is integrated with a brokerage. TS is your software, brokerage & data vendor. So it is a all in one package today.

TradeStation Securities - Platform Fees

I think they've separated platform usage from their brokerage

+ They have acquired Rina Financial and Grail Systems...TS9 is going to be a revolution
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Old 16-10-2010, 07:01 PM
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Is their any charting s/w that can handle accessing data across multiple databases?
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Old 16-10-2010, 07:37 PM
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Originally Posted by kkseal View Post
Is their any charting s/w that can handle accessing data across multiple databases?

I doubt.

But in which scenario multiple db access is required ?
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Old 16-10-2010, 10:22 PM
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Many scenarios - every time you want lower tf data (in separate db) for caculations/plots on higher tfs for e.g.
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Old 16-10-2010, 10:43 PM
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What i find most limiting is that the database structures & functionalities (in terms of acccess, queries, joins, views etc.) is pretty primitive (rigid & many features simply non-existent) compared to other apps (in other fields).

In the current state of affairs you are confined to either the fragmented view of smaller tfs or the (collation based) summary view of the higher tf There's no flexibility No intrinsic way to extract/gather those fragments, join, slice & dice, mix them to create your own summary/other view (based on processes other than simple collation).
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Old 16-10-2010, 11:02 PM
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Originally Posted by Oxymoron View Post
Without intending to sound snobbish or geeky, I'm finding it difficult to move away from matlab after getting used to it over the last few months. I don't have a programming background and while I do find solving issues in matlab challenging, I do not really find it 'excessively difficult'. I'm still to use it in a real time frame work, so can't comment in that front and it will be particularly stupid to spend time learning matlab for charting or running moving average crossover strategies (which can be implemented with a lot of ease in other softwares), but as far portfolio backtesting, optimization, rotational trading, unconventional analysis etc goes, I see it (or R?) as the way ahead.

Multicharts (which I recommend to anybody starting off) beats Matlab for most needs and is terrific in a lot of aspects (as xyte has mentioned) but for very specific needs you will have to move over.

I am prejudiced against amibroker, so I'm not going to comment on that

Metastock is a piece of garbage. I'm not going to dignify it by giving it a review.

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Old 17-10-2010, 08:54 AM
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Originally Posted by kkseal View Post
What i find most limiting is that the database structures & functionalities (in terms of acccess, queries, joins, views etc.) is pretty primitive (rigid & many features simply non-existent) compared to other apps (in other fields).

In the current state of affairs you are confined to either the fragmented view of smaller tfs or the (collation based) summary view of the higher tf There's no flexibility No intrinsic way to extract/gather those fragments, join, slice & dice, mix them to create your own summary/other view (based on processes other than simple collation).

Thanks a lot Mr.KK.

True.To have a micro/macro level view of markets one should definitely require such a sw.

With my limited knowledge in AMI I guess a work around should be possible.
Can you please give a simple real time example/scenario and I will give try ?

Best Regards,
JK
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Old 17-10-2010, 09:20 AM
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Thanks Mr.Oxy and NoOneLives4Ever.

Mr.Oxy feels MultiCharts is superior to Ami and recommends to starters.
Mr.NoOneLives4Ever feels MultiCharts doesn't worth the Investment since Ami is available at a much lower cost.

With Due respect to both Mr.Oxy and Mr.NoOneLives4Ever

Opinions/statements should be supported by logical statements and not just by whims

I request both of you to come out with your supporting comments for
AMI vs Multicharts.

Thanks in advance.

Best Regards,
JK
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Old 17-10-2010, 09:41 AM
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Quote:
Metastock is a piece of garbage. I'm not going to dignify it by giving it a review

Boss!
I did not expect that from you.If it is the truth then I have to digest it.
But it is the favourite and user friendly for novices.
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Old 17-10-2010, 09:46 AM
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Originally Posted by jagankris View Post
With Due respect to both Mr.Oxy and Mr.NoOneLives4Ever

Opinions/statements should be supported by logical statements and not just by whims



Originally Posted by Oxymoron View Post
Multicharts (which I recommend to anybody starting off) beats Matlab for most needs and is terrific in a lot of aspects (as xyte has mentioned) but for very specific needs you will have to move over.

Without intending to sound snobbish or geeky, I'm finding it difficult to move away from matlab after getting used to it over the last few months. I don't have a programming background and while I do find solving issues in matlab challenging, I do not really find it 'excessively difficult'. I'm still to use it in a real time frame work, so can't comment in that front and it will be particularly stupid to spend time learning matlab for charting or running moving average crossover strategies (which can be implemented with a lot of ease in other softwares), but as far portfolio backtesting, optimization, rotational trading, unconventional analysis etc goes, I see it (or R?) as the way ahead.


Originally Posted by xyte View Post
My First Vote goes for Multicharts and Tradestation. EasyLanguage makes developing trading systems a lot faster once you bypass the steeper learning curve of the formula syntax.

Add to that amazing backtesting capabilities and the handling of tick data and special 3rd party addons (if need be) to extend the reach of the platform.

Second choice would be Amibroker for the very fact that it is light on resources, has good database handling capabilities and a formula engine that makes data manipulation a breeze.

Multicharts is a lot more expensive than Amibroker but for those who need it it's money well invested for a lifetime license with free upgrades.

Additionally:
Originally Posted by no1lives4ever View Post
. MultiCharts or MC is from a company called tssupport. They are not the creators of TradeStation
. MC supports EasyLanguage that is used by tradestation, so people club MC with TS whn discussing, as you can typically use TS code in MC.
. MC supports regular data vendors like esignal, so getting data into MC is not that difficult.
. MC is great as a platform for strategy backtesting if someone has TS experience. For a newcomer, EL is roughly as hard as any other platform.
. I personally did not like MC and I could not justify the 5x cost of a MC permanent licence over the cost of AmiBroker.
. MC is developed at a fast rate and has a very good development team backing it. MC has new features added quite often, while TS typically does not address long standing issues over years at times.

I take it that you have not read a post in this thread yet.
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