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SO I am looking for a faster, more reliable backtesting platform. I currently use NinjaTrader, but find the results often dubious at best, particularly with muti-timeframe and multi-instrument.
I am actually happy with NT for live trading (like the DOM and chart trader with ATM's).
I am looking to a platform to really faciliate the quick generation of ideas and signal generation the morning before trading and then for specific intraday setups (opening range, last hour etc).
So after much research I ended up looking at both AmiBroker and MultiCharts. Before i go too deep with either of these I wanted to solicit feedback from others here on what their thoughts are????
Can you help answer these questions from other members on NexusFi?
But, I have used NinjaTrader and MultiCharts, and by far, 100%, x10, AAA+, MultiCharts is superior in every way when it comes to backtesting. There is always going to be a learning curve for a new sophisticated application, but I suggest downloading the 30-day trial and giving it a chance. I've been using it for nine months now exclusively for charting and testing, and could not be any happier.
Thanks - how is the backtesting speed?? I do lots of testing of 10 year 1 mins future data, also using daily time series and NT seems really starts to bog down with this...
It is a zillion times faster than NT 6.5, and same speed as NT7 on tick data, I didn't try minute data. But it is very efficient in terms of memory usage, I've never had a single problem.
So I have been reading that is not possible to use Multicharts offline (i.e. it is requires a constant connection to the internet)? Is that concern true?
I am envisioning the long weekends away trying to run some quick research on a laptop (with a pre-populated database) or something similar and not able to support that??
It's not really a problem. You will not have the real time data working. You can backtest your strategies on the weekend without having realtime data feed. Hope it's more clear.
Thanks for the reply - I think so. I think the feedback I heard was regarding DRM activation and that it needed constant connectivity to start and remain functional??
For most traders... who like to test new ideas almost every day... nothing can beat Amibroker.
It is the MOST easiest, simplest and fastest exploration tools as long as your ideas are not overwhelmingly sophisticated (using since past 5 years, have tried both NT and Multicharts). And (again) it is way faster than anything I've seen.
I'd like to see more participation from Amibroker users here on the forum. Can you post some screen shots illustrating why it is easier, simpler and faster? I've never used it, so would like to see them and see how they do things.