What is the advanage of using trading platform like amibroker or ninjatrader and pay for data feed?


#1

I hear a lot about amibroker and ninjatrader and data feed providers like global data feed etc.

I am confused as to why someone would pay monthly fees when zerodha or upstox are providing browser based trading option as well as software like dartstock (upstox)

I mean what is so special in paid data feed etc?


#2

Advantages:

  1. Flexibility to design and custom code your own technical Indicators.

  2. Create Trading Signals based on complex logic.

  3. Trade Automation.

To enjoy the above benefits of trading on Amibroker/MT4 etc, you will need to feed in data from one of the many data vendors.


#3

Amibroker Formula Language had the most similarities to Metastock, a platform I tested many years ago. Thus, easier for me to learn. A lightning fast optimization feature. I talked with another trader using Tradestation, but for me the AB code looked much more intuitive and easier to grasp.