I have been using NT7 and have built a few good strategies that I have traded on a paper trade account at IB. They perform O.K. but differ from any back test/optimization results that I have produce using NT7. My thoughts are that several of the issues discussed within this thread are to blame. So here is my problem, by trade I'm a trader and not a programmer. To date I'm a manual discretionary position day trader. The reason I've been using NT7 is the strategy development wizard and an add on called Bloodhound (no involvement with them just a customer). This is a really great system that allows someone such as myself the ability to generate complex strategies and then quickly perform optimization and back testing. NT7 is slow and may have some built in limits that are causing my results to deviate beyond my comfort zone. My read is that Multi Charts with its use of multi core multi thread tech for optimization may improve performance along with improved results due to logic differences.
So here is the big question. Is there a system like Bloodhound or the NT7 strategy wizard within Multi Charts that would allow a non programmer like myself to quickly and in an intuitive (point and click kind of way) create strategies?
Any help would be appreciated. I have done some looking on other threads but have not found an answer. A point to a thread that discusses this would also be a great help.
I was wondering of robustness of back-testing/optimization in MultiCharts vs AmiBroker so I coded this same test in both platforms and run an optimization process in two dimension test with 1281 iterations. The result time:
- AmiBroker : 1 minute, 26 seconds
- MultiCharts : 11 minutes, 2 seconds
So the speed is circa 7 times better in AmiBroker.