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Backtesting and Research: MultiCharts or AmiBroker
Well, Yhoo and Goog are free sources so don't fully rely on it especially in regards to getting accurate non-US data. It can provide more erroneous data than commercial sources. But as for creating new highs and lows indexes on EOD timeframe it should be enough for first tries.
Can you help answer these questions from other members on NexusFi?
Thank you for the feedback. And, also for your earlier comments with comparisons to MC. Essentially, I'll be deciding between the two, with the emphasis being on back-testing, at least initially. Later, actual trading from the charts, which AB seems to accomplish very well.
ArshT, I currently have data from brokers TD Ameritrade / ThinkorSwim (equity, options & futures), and Open E-Cry (equity only now). Are you aware of a way to extract historical data from these providers and get it into AB, and thereafter keep it updated from these sources? I'd prefer not pay for another data source when I already have these... Thanks much.
I have no experience with those brokers you mentioned. TOS provide DDE only, I assume. But I'm not sure. OEC provide DDE too I think.
If any of those provide API access then you can write a plugin since AB provide a free C/C++ development kit (32-bit and 64-bit). Or you hire someone doing it. Another possibility is asking the brokers to provide access to AB and linking to Amibroker's ADK.
There is also a .Net for Amibroker development kit. So you could use C# (32-bit and 64-bit), too.
TDA is a rather large broker here in the US. I'm guessing that someone created a plug-in already for AB. Sounds like this API connection would get me historical and current data...
Hi,
Im a professional programmer, using languages from assembler to pascal and C.
I moved from AB to NT and now use Multicharts.
If you are serious about creating and back testing strategies, then MC is the way to go.
As a quick example, AB doesn't know when you are in a trade. You have to create your own variable and record how many long/short contracts shares or whatever.
Also, it is like NT in that it doesn't do intra bar analysis.