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Software Review Trading Software & Platforms

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View Poll Results: Best TA software
Amibroker 43 74.14%
Advanced Get 4 6.90%
Market Delta 2 3.45%
Tradestation 2 3.45%
Metastock 8 13.79%
Ninja Trader 9 15.52%
Multicharts 2 3.45%
Wealth Lab 0 0%
Matlab 2 3.45%
R 0 0%
Multiple Choice Poll. Voters: 58. You may not vote on this poll

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  #51 (permalink)  
Old 10-04-2013, 01:16 AM
MA5YK MA5YK is offline
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Help a beginner here.

I tried to use both Metastock and Amibroker and try as much I could to use Amibroker, I gravitated towards Metastock. I can see the flexibility of Amibroker over Metastock but I just cannot find it user-friendly enough to actually use it over Metastock.

How would one recommend I switch-over to Amibroker?

PS. Pl don't ask me to read a programming book.
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Old 10-04-2013, 08:39 AM
RAIN RAIN is offline
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Every platform has its own pros and cons, but said that Amibroker is better than Metastock in many ways, like data compatibility, continuous development, ease of coding,less on resources, economical etc.
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Old 10-04-2013, 08:46 AM
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One more thing , all these mentioned platforms are for tiny retail traders, institutional platforms are real Ferrari and Lambos, and they cost a huge amount to develop.Anyway these platforms are prehistoric bicycles compared to them.
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  #54 (permalink)  
Old 10-04-2013, 06:51 PM
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Just getting bore and not referring particularly to any one, here is what I think about it....

Trading software is best fit if it's compatible with your trading style. If you use Marketprofile a lot then marketdelta software is more useful. If you manage funds and you had to punch lot of orders then there are different softwares/workarounds. If you are option trader then again requirement is different. I just described the broader framework, however there is no such hard and fast rule. Most important thing to note is you develop your trading strategy in front of your trading screen and make it more constructive in your brain based on frequent feedbacks while checking the strategy in real market (with paper trade or real money.) This frequent feedback is the important key in developing relatively profitable strategy on unpredictable conditions. You can get lot of feedbacks in market contrary to the other unpredictable situations in real life. When you see that you have got the edge in the market then you should look for making it more systemic and that's where software comes in. So you can back test the idea, play around with different variables/inputs and see what combination is more suitable for one particular market etc. And you should search appropriate trading software according to your strategy or trading plan that you originally imagined.

Bottom line is don't get involved into the hype of so-called advanced softwares. Advanced trading strategy(not necessarily it should be complicated) is more important than advanced software.
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Old 11-04-2013, 03:12 PM
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Originally Posted by MA5YK View Post
Help a beginner here.

I tried to use both Metastock and Amibroker and try as much I could to use Amibroker, I gravitated towards Metastock. I can see the flexibility of Amibroker over Metastock but I just cannot find it user-friendly enough to actually use it over Metastock.

How would one recommend I switch-over to Amibroker?

PS. Pl don't ask me to read a programming book.

Please do as I did . I have no programming knowledge.
Just installed Amibroker . There are a lot of Indicator Afls available in Indi's ami section.(I requested and borrowed a lot of Afls from the kind hearted souls ). Just copy and paste them and give Afl a name. Similar AFLs available for most of the Metastock Indicators .It is more flexible than Metastock. Data availability is also cheaper than MS. But if you read Amibroker manual and tweak the settings you can find a lot of hidden gems.
Just try it on.
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  #56 (permalink)  
Old 17-04-2013, 03:00 PM
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I did, but I hear you... Will try it again. Thanks!
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