Which Version of Amibroker?
By Dave Mabe
Several traders who want to get started with Amibroker ask me which version they should get.
It comes up enough that I thought I'd answer it here.
My suggestion is to get the Professional Edition. There are several reasons why this version is far superior to the Standard Edition.
Automatic MFE/MAE calculations in a backtest (great for figuring out optimal stop loss levels)
Multi-threaded analysis window
64-bit version (important for backtesting lots of symbols)
Wait for backfill in analysis windows (crucial for real-time trading)
There's no contest, really.
What about Amibroker Ultimate?
This includes the Professional Edition, plus the AmiQuote data downloader and the AFL Code Wizard.
The AmiQuote tool downloads free daily data from internet sources. Any trader on the list will quickly want to use something more reliable than this.
I haven't talked to a trader yet who relies heavily on the AFL Code Wizard, so I don't believe that's necessary.
Conclusion: just get the Professional Edition.
-Dave
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