indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Tools > Software

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

Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #21 (permalink)  
Old 17-10-2010, 11:56 AM
no1lives4ever no1lives4ever is offline
Newbie
 
Join Date: Jul 2009
Posts: 3,346
Thanks: 19,680
Thanked 5,652 Times in 2,402 Posts
no1lives4ever has a reputation beyond repute
no1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond repute
Default

My views of MC were based on my prior experience with AmiBroker and a 1 night review of MC. I went thru a big chunk of the MC manual and the EL guide when I reviewd MC.

Since you can get a 1 month demo of both software, I would recommend that you go thru the demos of both the software and see which one you like better.

Here are some of my observations:

. After going thru MC manual and EL guide, I kinda figured out that I can do almost all the things I can do in MC using AMI.

. I got a better view of how to go about backtesting trading ideas in Ami after studying the MC manual.

. I found that data import and handling of Ami is significantly better than that of MC in terms of user interface. With Ami, it is easy to maintain multiple databases, import ascii data and write modules to import data from a trading terminal that saves data to a file on the disk. Also taking backups of the db is reasonably simple. The data handling of MC was strange to me.

. MC has quite a few features which I do not intend to use. The auto trading on MC is definitely better than Ami. On Ami, auto trading is possible but it is a pain to set up auto trading on Ami. Also with MC, you can set up a screen view which will get updated in real time with your trading rules. This can be very effective for a day trader in India where you use the screen view to get alerts and trade decesion help.

. MC phones home to validate the licence. This is a strict no no for me. I would never use any piece of softaware that requires a call to the vendor to stay active, unless I can find a crack for the software. Same goes for dongle based licences. Amibroker has a reasonably simple licencing system that works. But then you can find cracks for both Ami & MC, so it is not a major issue.

. MC costs $1500 for a lifetime licence. Ami costs $279 for the premium version. I do not see any reason to spend the extra money on MC. There are features in MC, which Ami does not have, but I am not loooking at those features in my charting sw at this point of time.

. Both MC & Ami have strange models for trading system development. If I were to design a platform for trading system development & backtesting, I would not use either of these models.

. Ami is a very fast platform for running backtests. It is light on resources. This makes ami very effective to quickly test out various trading ideas w/o spending a lot of time with the backtests.

. Ami has very poor documentation. MC documentation actually helped me learn Ami better. Go figure

. Ami has a great user community. Also Ami support is there to help you with any specific queries & problems. Thomasz is Ami's developer and if you ask nicely, you can get him to show you how virtually anything that is done on other platforms is possible on Ami.

. Ami has a steep learning curvve in terms of programming. It is not easy to program in Ami. MC programming using EL is actually Easy.

. With Ami it is dead simple to take a trading system and then show it on a chart. This makes it very easy to see how a system works and then go about tweaking the system. I do not know if this is possible in MC, as you use separete code for indicators, scans & systems (if i remember correctly)

. Ami's use of text files for AFL code makes it simple and easy to backup and restore code. Everything is an AFL, an indicator, a trading system, a chart display, etc. I find MC's system of using the GUI to create functions, indicators & systems to be slightly irritating, while some may find this convinient.

. MC can use multi core cpus quite nicely. I do not think Ami efffectively uses multi core systems for backtesting & optimization.

. Ami comes built in with a generic optimizer. This is a separete paid product for MC and most other platforms. This is a great feature and once you get into the habbit of frequently optimizing a system, this can be a mega timesaver.

. Ami as a charting platform to show traditional bar & candle charts is very fast and responsive. Changing timeframes is a snap even with a big database.

. MC's backtesting engine has something that is called Bar Magnifier. This should give more accurate backtest results. The same can be done with Ami, but doing the coding is a painful process.

-- no1lives4ever
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 10 Users Say Thank You to no1lives4ever For This Useful Post:
  #22 (permalink)  
Old 17-10-2010, 12:30 PM
jagankris's Avatar
jagankris jagankris is offline
Regulars
 
Join Date: Apr 2010
Location: TamilNadu
Posts: 129
Thanks: 255
Thanked 148 Times in 60 Posts
jagankris will become famous soon enoughjagankris will become famous soon enoughjagankris will become famous soon enough
Default

Gr8 explanation Mr.no1Lives4Ever.
I was expecting this kind of comparative statements from the users.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to jagankris For This Useful Post:
  #23 (permalink)  
Old 17-10-2010, 12:45 PM
jagankris's Avatar
jagankris jagankris is offline
Regulars
 
Join Date: Apr 2010
Location: TamilNadu
Posts: 129
Thanks: 255
Thanked 148 Times in 60 Posts
jagankris will become famous soon enoughjagankris will become famous soon enoughjagankris will become famous soon enough
Default

Originally Posted by Oxymoron View Post

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

No no Master "Shifu" I was trying to get better explanation.

Best Regards,
JK
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to jagankris For This Useful Post:
  #24 (permalink)  
Old 18-10-2010, 08:37 PM
jagankris's Avatar
jagankris jagankris is offline
Regulars
 
Join Date: Apr 2010
Location: TamilNadu
Posts: 129
Thanks: 255
Thanked 148 Times in 60 Posts
jagankris will become famous soon enoughjagankris will become famous soon enoughjagankris will become famous soon enough
Default

In which software It is possible to create a dashboard/exploration combining equity/Futures/Options data ?

TIA,
JK
__________________
Let us learn together
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #25 (permalink)  
Old 18-10-2010, 11:08 PM
no1lives4ever no1lives4ever is offline
Newbie
 
Join Date: Jul 2009
Posts: 3,346
Thanks: 19,680
Thanked 5,652 Times in 2,402 Posts
no1lives4ever has a reputation beyond repute
no1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond reputeno1lives4ever has a reputation beyond repute
Default

Originally Posted by jagankris View Post
In which software It is possible to create a dashboard/exploration combining equity/Futures/Options data ?

TIA,
JK

Depending on how you want to combine the data, AmiBroker should be able to do it for you.

But if you want to do multi symbol analysis, then you might find Matlab to be a better deal.

-- no1lives4ever
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to no1lives4ever For This Useful Post:
  #26 (permalink)  
Old 18-10-2010, 11:11 PM
kaly422000 kaly422000 is offline
Regulars
 
Join Date: Apr 2010
Posts: 569
Thanks: 243
Thanked 336 Times in 230 Posts
kaly422000 has a spectacular aura aboutkaly422000 has a spectacular aura aboutkaly422000 has a spectacular aura aboutkaly422000 has a spectacular aura aboutkaly422000 has a spectacular aura about
Default

i am using metastock and have nse bse future and option data in different folder , when start exploration it takes all folders(trouble some, take time). cant understand how to do exploration on specific folder basis
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #27 (permalink)  
Old 19-10-2010, 12:20 AM
Adheer's Avatar
Adheer Adheer is offline
Regulars
 
Join Date: Apr 2009
Posts: 528
Thanks: 265
Thanked 2,324 Times in 469 Posts
Adheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to beholdAdheer is a splendid one to behold
Default

Originally Posted by kkseal View Post
Is their any charting s/w that can handle accessing data across multiple databases?

SmartQuant / OpenQuant

Automated Trading Strategies Development Platform
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to Adheer For This Useful Post:
  #28 (permalink)  
Old 19-10-2010, 07:36 AM
jagankris's Avatar
jagankris jagankris is offline
Regulars
 
Join Date: Apr 2010
Location: TamilNadu
Posts: 129
Thanks: 255
Thanked 148 Times in 60 Posts
jagankris will become famous soon enoughjagankris will become famous soon enoughjagankris will become famous soon enough
Default

Originally Posted by bestnifty View Post
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.

Request you to give a write up on Ad Get.
Very eagerly waiting for it

Thanks in advance.

-Jk
__________________
Let us learn together
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #29 (permalink)  
Old 19-10-2010, 10:10 AM
Sunshine's Avatar
Sunshine Sunshine is offline
indiTraders VIP
 
Join Date: Oct 2009
Posts: 2,530
Thanks: 6,194
Thanked 4,440 Times in 1,982 Posts
Sunshine has a reputation beyond repute
Sunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond reputeSunshine has a reputation beyond repute
Default

Originally Posted by jagankris View Post
Request you to give a write up on Ad Get.
Very eagerly waiting for it

Thanks in advance.

-Jk

I wrote about Metastock.But you are asking about Advanced Get.
Ok.My experience with Advanced Get is very short and currently I am not using it.Someone who owns it can give a better review.
As far as my understanding , it is closed like Metastock.
But it can give excellent signals with Elliott Wave and XTL , Type 1 and Type 2 trades etc..
The seniors who want to code and Program may not like it because it gives very little space for tweaking.
But for Novices it is excellent and you just have to follow their Indicators.
Little bit costly.
You can ask for a demo from Viratech .They will show it via Teamviewer.
You may decide after seeing the demo.
Happy Trading.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to Sunshine For This Useful Post:
  #30 (permalink)  
Old 19-10-2010, 10:59 AM
pipeman's Avatar
pipeman pipeman is offline
Administrator
 
Join Date: Mar 2009
Location: Earth
Posts: 1,787
Thanks: 363
Thanked 2,550 Times in 948 Posts
pipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant futurepipeman has a brilliant future
Default

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.

Metastock is not professionals cup of tea.
__________________
Not Every Gambler is a Loser
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 3 Users Say Thank You to pipeman For This Useful Post:
Reply

indiTraders - Forum for the Active Indian Trader > Tools > Software


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On



All times are GMT +5.5. The time now is 09:18 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2