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Backtesting and Research: MultiCharts or AmiBroker


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Backtesting and Research: MultiCharts or AmiBroker

  #1 (permalink)
 dnof 
san francisco, ca
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 45 since Nov 2009
Thanks Given: 42
Thanks Received: 27

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????

Started this thread

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  #3 (permalink)
 
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 Big Mike 
Manta, Ecuador
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I have not used AmiBroker so can't speak to that.

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.

Mike

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  #4 (permalink)
 dnof 
san francisco, ca
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 45 since Nov 2009
Thanks Given: 42
Thanks Received: 27


Big Mike View Post
I have not used AmiBroker so can't speak to that.

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.

Mike

Mike,

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...

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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
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dnof View Post
Mike,

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.

Mike

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  #6 (permalink)
 dnof 
san francisco, ca
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 45 since Nov 2009
Thanks Given: 42
Thanks Received: 27

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??

Started this thread
  #7 (permalink)
 philloo 
Canada
 
Experience: Beginner
Platform: Multichart
Posts: 43 since Feb 2010
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Hi, dnof

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.

Phil

  #8 (permalink)
 dnof 
san francisco, ca
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 45 since Nov 2009
Thanks Given: 42
Thanks Received: 27


philloo View Post
Hi, dnof

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.

Phil

Phil,

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??

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  #9 (permalink)
lurker
New Delhi, India
 
Posts: 14 since Aug 2010
Thanks Given: 5
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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.

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  #10 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536



lurker View Post
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.

Mike

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