Topic 3:about amibroker: mrtq13

Amibroker is one of the best trading softwares in the world.... You will hear the names of Tradestation or Metastock in trading areas by the experts....But be assured,those softwares are now a matter of past-the gone ones. Amibroker is the "future" of Trading softwares.......
The idea of using technical analysis with trading softwares in our country is quite alien... But I have seen that DSE Management uses RSI,Moving Averages etc in their analysis of market...So,I assume they are aware of trading softwares.May be,some others know about trading softwares too.But in a country like ours,knowledge is always kept hidden....
Before proceeding with trading softs,keep in mind that there are a lot of problems with trading softwares in our country. The fist one and the most critical one is that you cannot download daily price data from DSE like you can download data of Nasdaq or Bombay Stock Exchange from Yahoo for "Free".You will have to enter the data manually from DSE's funny "Website",which is a time consuming and energy racking thing... Well,guess what...!!! Unfortunately,you are in a country with the lowest knowledge on technology. Those freaks/monkeys in DSE didn't yet develop a simple technology to provide the traders with daily data in Standard Format. DSE always talks about so called transparency,analysis etc,whereas they don't themselves provide the traders with a way to see things accurately,transparently,realistically......
Chart in trading is used worldwide. The reason is simple. Looking at a chart you will know where you are standing,where the stock is going... Trading without chart is like walking like a blind man.You don't have any idea of what's going on. Surely,chart is no magic.But It is a helpful tool in trading.You can trade without trading softwares. Even in New York Stock Exchange,they used to trade without Trading Softwares around 1920.However,technology was not so improved back then......I have read that even the world's richest stock investor Warren Buffet(who is apparantly a fundamentalist)uses charts too.....!!!!!
Anyway,Amibroker can't be found anywhere in BD,I guess. It is not available in underground world of pirates in Net too. Recently,they have taken it away.Metastock and Tradestation can be found......
Fibotrader is also the best among the free trading softwares. In fact,there are not many free trading softwares in Net like Fibotrader and FC chart. You will get all trading tools and indicators in Fibotrader that can be found in Amibroker....From RSI to ADX,you get everything. You can also program your trading system/rules in the software.......
I have actually come to know about Fibotrader after I have known about Amibroker. And I am involved so much with Amibroker that I don't have time and energy to change my tool now from Ami to Fibo.However,Fibotrader has its own built in trading system that is based on retracement of Fibonacci Ratios.........
You should consider the pros and cons of using Trading software in your trading. The problem is once you start to use Trading software,you can't just go back to your old style of trading....So,think if you really want to change your trading style. If your current style is profitable,there is no reason to change it..........