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Backtesting is an easy process used by Traders to evaluate the Trading Ideas and provides information regarding how good is a trading system based on historical datasets. Precisely, it talks about the behavior of the trading system, risks involved in a particular trading system, and more regarding the performance of the trading system.
There is one such program AmiBroker which performs all these functions and does much more for the traders.
IntroductionTo keep it simple, AmiBroker is a full-fledged professional Technical Analysis and charting tool which can be used by the traders to Analyse Market, prepare charts, and for backtesting trading strategies.
It is quite important for you to know about AmiBroker is before using it to backtest. Better make an informed decision rather than just going with a feature that you might regret later (which you won’t!)
Features of AmiBrokerhttps://preview.redd.it/nc5tc9djt8q51.jpg?width=1024&format=pjpg&auto=webp&s=d0b7b8021840abf52f6e0883e6013d3e5d865dc5
Here is a list of features which are offered by the trading platform apart from backtesting–
Analysis Window –https://preview.redd.it/l27mf7fkt8q51.png?width=707&format=png&auto=webp&s=fa1dd63211790c5c9b7de48b20f13c95d2a8644e
On the analysis window, you will be able to see almost everything, i.e. portfolio, walk-forward tests, optimization, backtests, explorations, Monte Carlo Simulation, and so on.
Exploration/Market Screening –https://preview.redd.it/5htgcimlt8q51.png?width=1049&format=png&auto=webp&s=31ca56149213fea963f536378ca4ffaec35df776
AmiBroker is a multi-purpose tool for data screening/mining which supplies programmable output with infinite rows and columns.
Charting –This feature of Charting in AmiBroker comes with several built-in indicators, multiple time frames (which can be used as per your own convenience), drag and drop indicators, customizable parameters, object creating capabilities, etc. Sliders are the good options to modify parameters in real-time and can also customize it in various styles and gradients.
Walk-forward Testing –It is ideal for confirming the robustness of the trading sample before and after optimization.
Multi-Threading –AmiBroker assigns different threads for each graphics renderer and each formula chart.
Code Editor –The code editor pairs up with parameter call-tips, auto indenting, code folding, etc. Whenever you encounter an error, a meaningful message alerts you promptly.
Ranking and Scoring –https://preview.redd.it/jo615f0nt8q51.png?width=1050&format=png&auto=webp&s=55724796fa10893c89b473dd39995c00cb9d8b54
It is used to perform bar-by-bar ranking depending upon the user score to find a suitable trade.
Advantages of AmiBrokerhttps://preview.redd.it/13i11uunt8q51.jpg?width=1024&format=pjpg&auto=webp&s=37eec2a54ab12e04b1e840ae856a3bd861b5439d
And thus, AmiBroker is a feature which can help you to save lots of money.
Writing Your Trading Ruleshttps://preview.redd.it/ros39vstt8q51.jpg?width=1024&format=pjpg&auto=webp&s=d38bb09da3bc925ae8c377735a3445b2d877c745
The first thing that needs to be done is that you must have objective or mechanical rules to enter and exit the market. This step is necessary in order to create a base of your strategy and whether or not the system matches with risk tolerance, portfolio size, money management techniques, and several other factors.
Once you have established rules for trading, you must write to them as buy and sell rules in AmiBroker Formula Language.
In order to Backtesting in AmiBroker, you need to click on the Backtest button in the Automatic analysis window. Ensure that you have typed the formulas which contain buy and sell trading rules. Once the correct formula is entered, AmiBroker starts to analyze symbols according to trading rules and generates a list of simulated trades. This process is rapid in terms that you can easily backtest thousands of symbols in a few minutes. There is a progress window that will show the estimated completion time. If you wish to stop the process at any given point of time, click on the Cancel option in the progress window.
When the process is completed, you will be presented with a list of simulated trades in the bottom part of the Automatic analysis window aka the Results pane. Here, you can examine when the buy and sell signals occur only by double-clicking on the trade in the Results pane. Post this, you are presented with raw or unfiltered signals for each bar where buy and sell conditions are met. If you wish to see only a single trade arrow (opening and closing currently selected trade) you are required to double click a line while holding the SHIFT key pressed down. The other option that you can choose is the kind of display by choosing the appropriate item from the context menu which appears once you click on the results pane with a right-click.
In addition to the results, you will also be provided with detailed statistics on the performance of your system by choosing the Report option.
Changing Your Backtesting Settingshttps://preview.redd.it/n0h7rs8zt8q51.jpg?width=1024&format=pjpg&auto=webp&s=8db7a16f71a3591eb0aafcbdc7900a5449c2d814
Backtesting in AmiBroker makes use of predefined values for performing its task including portfolio size, periodicity, i.e. daily/weekly/monthly, amount of commission, type of trades, price fields, interest rates, and so on. These settings can be altered by the user settings window. Post changing the settings, you must remember to run your backtesting if you wish the results to be in-sync with the settings.
Advanced ConceptsUntil now, we have discussed fair simple use of the backtesting. However, AmiBroker comes with a lot more sophisticated concepts and methods.
We will be listing the new introduced-features of the back tester. There you go –
Frequently Asked Questions (FAQs)
Ques. 1. What skills do I require to build an effective Algo Trading Solution using AmiBroker?Ans. 1. Here is the list of following skills you may require to build an effective Algo Trading Solution using AmiBroker –
Ques. 2. Are there any additional requirements to build an effective automated trading system infrastructure?Ans. 2. Yes, you do need additional requirements to build an effective automated trading system infrastructure.
Here are these additional requirements –
Ques. 3. What availabilities does one need after taking your system live?Ans. 3. You should have the following availabilities after taking your system live –
Ques. 4. Are there any disadvantages to use AmiBroker?Ans. 4. Well, not technically disadvantages but yes, there are a few issues with AmiBroker which one must know –
Even though AmiBroker has quite a number of features and tools, that makes it the trading process safe and satisfying.
We are hoping that in neat future AmiBroker will become popular among the non-technical users as well.
Till then, keep trading!
Levels Trading AFL. Now let us have a look at some different types of strategies which can be automated in Amibroker. We will start with a discretionary strategy. This is a Level based trading strategy to trade on support/resistance levels with SL, TSL and target. You can input the levels for trading at your discretion. However Amibroker is a trading analysis tool and not a trading terminal. You can build your buy or sell trading logic in Amibroker. An Intermediate Bridge/API’s(mostly provided by stock broker) needs to be connected with amibroker which converts buy and sell logic into trading execution orders to the trading terminal. Amibroker Autotrade AFL Toolkit contains a set of AFLs for automating/modifying your strategy. You can use these set of AFLs to change any strategy signals for intraday trading or multiple targets. The AFLs work for different markets like stocks, futures, options, currency and commodities. It can automatically place your order from Amibroker/Excel to your Trading terminal. They have an exchange approved blanket AFL in which you can embed your strategy. You would need to open an account with CompositeEdge broker to avail benefits of Auto Trading with Symphony Presto. To read about auto-trading in general, you should visit the Elite-Trader and AmiBroker-AT forums. You should visit the Interactive Broker forums to read about the TWS API and other AT topics. Be sure to create an icon for the AmiBroker ReadMeAT.html on your desktop, this file is located in your AmiBroker folder (default location).
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