Better amibroker metastock

For me, in relation to quantitative trading, the most important feature of a trading software is its ability to perform backtesting. It should allow us to tweak our strategy parameters, testing various combinations to find the best performance. The good thing about MetaStock is it is quite intuitive to use.

It took me just a few hours to be familiar with its features, and to create useful strategies to be tested. So it is simple. And that could be its pitfall too. For example, its data source is limited only to conventional stock price fields, such as open, close, high, low, volume, and open interest.

I wanted to provide more data to my strategy, and it seems that the only way to do it was to squeeze it in the open interest field which I did not use. MetaStock provides SDK to create plug-ins though, but this is not freely available.

By free, I mean readily downloadable. The next software I tried was AmiBroker. Turns out this software is more complicated that MetaStock. And that is good too, as you can express more stuff with richer programming language.

What I like best about AmiBroker is its SDK is freely available from the website. Anybody can download and use it, for free.

One plugin that I like most is the plug-in to read price data from database server via ODBC connection. Another very useful feature provided by the ODBC plugin is the ability to provide any data out of any SQL.

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So compared to MetaStock, AmiBroker is a lot more powerful, and open. But it is more complicated.

AmiBroker - Technical Analysis Software. Charting, Portfolio Backtesting, Scanning of stocks, futures, mutual funds, forex (currencies). Alerts. Free quotes.

I just know that if I need a trading software, this will be the one that I use. This looks to be very powerful, and it receives a lot of praises, but unless you use it as your online broker, the standalone software itself is very expensive. You are commenting using your WordPress.

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