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Backtesting and Research: MultiCharts or AmiBroker
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Backtesting and Research: MultiCharts or AmiBroker

  #1 (permalink)
Elite Member
san francisco, ca
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 45 since Nov 2009
Thanks: 41 given, 26 received

Backtesting and Research: MultiCharts or AmiBroker

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????

 
  #2 (permalink)
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  #3 (permalink)
Site Administrator
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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #4 (permalink)
Elite Member
san francisco, ca
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 45 since Nov 2009
Thanks: 41 given, 26 received


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)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #6 (permalink)
Elite Member
san francisco, ca
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 45 since Nov 2009
Thanks: 41 given, 26 received

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??

 
  #7 (permalink)
Elite Member
Canada
 
Futures Experience: Beginner
Platform: Multichart
 
Posts: 43 since Feb 2010
Thanks: 7 given, 27 received

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)
Elite Member
san francisco, ca
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 45 since Nov 2009
Thanks: 41 given, 26 received


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)
Trading Apprentice
New Delhi, India
 
Futures Experience: Intermediate
Platform: Amibroker
Favorite Futures: Stocks
 
Posts: 14 since Aug 2010
Thanks: 5 given, 6 received

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.

The following user says Thank You to lurker for this post:
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Big Mike's Avatar
 
Posts: 46,041 since Jun 2009
Thanks: 29,184 given, 82,311 received



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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


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