Posted By FxAngel on 10-26-2006 11:36 AM
Hello Murray, Hi all,
I have been trading the Forex market for a living. My daily time is fully taken by my trading, so I do have not extra time to learn any programming language
As many colleagues I spend many times to improve my trading skills in studying charts, reading books and testing new strategy ideas.
1) Knowing the fact that my programming skills are very close to zero, will it be REALLY possible to build and backtest my own strategies in the 2.5v by just SIMPLY mouse of clicks? I mean could the wizard allow building and developing Forex trading system not by program, but by visual building method?
We will have a wizard available, which will be point and click, which will work with version 2.5, which is due out soon.
2) Most traders have a bias as to the direction of the market and position themselves accordingly. I prefer using M.N.S or Market Neutral Strategies. I mean that I let the market pick the direction by detecting recurrent unusual price movement. I also do not rely on traditional technical analysis mainly because technical indicators derived from price LAG the real price action, excepted sometimes for filtering trade using DMI, ADX and 50 day EMA, but not as trade signals. So would it be possible to build by just simply a mouse of clicks "Range Patterns" like Narrow range in day/%, Inside Narrow Range day, outside day and "geometric patterns" like tail, hook, harami.....etc........?
The wizard should be out the end of the year and I am not sure yet which built in filters like this we will included, so I would say some of it is possible because it will work like that but for example we might not include candlestick patterns.
3) Because we can find trading software looking like TradersStudio, what are the main differences with TradingBlox, trading recipes, smartquant, thinkingstuff...etc..... ? Please elaborate
TradersStudio is a full trading system development and charting platform. I think TradersStudio has a strong language than trading bloxs and much better charting features at 1/6 the price for the comparable version. Trading Recipes is DOS based, we are a window app and our language is much better. Also trading recipes is still over 2K. TradersStudio comparesto the Windows version of recipes Mechanica which now sells for 25K., except for it's back office features
In addition the big thing over all these other products is you can use existing EasyLanguage code.