In order to describe a trading system with no ambiguity or bias, you need to code your rules into a language, like Amibroker, that a computer can decipher.
The choice of which software to use for coding and backtesting has to be tackled early on in the process. A good choice will not only vastly increase your productivity, it will also allow you to backtest the broadest possible spectrum of strategies in the broadest asset classes.
QiT chose Amibroker for a number of reasons:
- Ease of use,
- APIs with numerous data providers, and
- as Howard Bandy, author of Introduction to Amibroker, writes, “Amibroker is a powerful, comprehensive trading system development platform with cutting-edge charting and graphics.
It has a fast, flexible and powerful portfolio-level backtesting, optimization, and automated walk forward validation.” If that is all gobbledygook to you, suffice to say it has everything a retail system developer – or quant trader – will need
Amibroker’s main purpose is to help investors and traders identify profitable opportunities to buy and sell or short and cover. It includes an extensive library of technical indicators that can be plotted along with the price chart as well as tested for profitability in a trading system. It has all the tools needed to chart, test, and trade stocks, exchange-traded funds, mutual funds, commodities, and Forex.
Charting and Formula evaluation
Amibroker’s two primary modes of operation are charting and formula evaluation. In its charting mode, historical price and volume data are displayed, along with technical indicators, just like all other charting programs. In its formula evaluation mode, the trader can evaluate his/her own trading ideas using patterns, conditions, and rules. These rules are programmed into a computer language. The program then analyzes the price and volume data and reports on the profitability of the rules. When profitable trading systems have been found, it scans the group of stocks that are of interest to the trader and lists the current buy and sell signals.
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