Background :
As a trader, I was personally overwhelmed when I got AmiBroker in hand few years back. Before AmiBroker, I had tried many free / expensive charting softwares but knew that something was amiss. Personally as a trader, I found AmiBroker as a very flexible and powerful platform at affordable price. So I started using it as a trader.
Later on when I started selling of AmiBroker in India, I faced a slightly different scenario. Flexibility, which is the strength of AmiBroker (thanks to AFL - AmiBroker Formula Language), was becoming a problem for many. People were looking for quick solutions to their problems, They wanted something readymade to trade with. Many were happy with the AFL that they get in AFL Liabrary at amibroker.com or AFLs discussed at public forums. But that was not giving them confidence to trade. Their purpose of 'all-in-one' Trading System which takes care of their investment by protecting their capital first and penalizes drawdowns was not available for them.
All along this time, we were listening to the needs of the people and decided to give them a Trading System that they can trade on. When we asked traders
what was the single most important feature that they want in this
system, there were mixed answers but predominently, people wanted to
protect their initial capital and generated profit as their first priority. With reduced brokerages, multiple entries was not their main concern but they wanted to reduce their unnecessarily high number of positions on a flat day. Keeping these things
as well as other feedbacks in mind, we chose Nifty Current Month Futures as Symbol and decided 5minute as timeframe to
trade in.
I spent lot of time in tweaking AmiBroker as per the requirements and designed so many Trading Strategies. Some of these
trading strategies worked in a particular time-frame, some had good entries but bad exits, so on and so forth. Finally, after spending almost 3 months writing, testing, optimizing, fine-tuning and checking (Again, all reasearch done by using AmiBroker ALONE), I came out with this product, ACE Nifty Futures Trading System.
Since this works on 5-min time-frame, you don't need an astrologer to tell that it is not meant for long term holding. Average holding period is not more than 1-2 days. This was so because it is designed with day-trader in mind who wants to cut down on his losses as much as possible and protect the generated profit. To minimize entries, we could have designed a system to work in a higher time-frame but in that case, losses cannot be as less as we have in 5min time frame (0.7% of 1 lot value presently). It simply means that only if you lose for 142 times in continuation (without a single profit trade), your total capital will be wiped out (brokerage not considered).
I know every trader is different. His psyche, symbol & time-frame traded is different, so also their expectations from such a trading system. I would sincerely request every trial user [I hope they are reading this apart from looking for 'download trial' and 'subscription charges' links :) ] to please go through this entire page, the User Guide and observe working of the system during trial period. The trial period is for testing the features and robustness as well as the utility value of the system. You can backtest the system, check the trades in the past, tweak the values of stoploss to see their effect of Equity Curve, etc.. It may / may not generate profit for you in the trial period. As you can see from Performance Reports, for last 2 months (Jan 09 & Feb 09), this system has produced losses.
I have found that this system consistently generates profits regardless of Bull or Bear phase. However in choppy market conditions (as we can see from December 2008 to March 09), when the market is range bound, the system DOES NOT generate profits; nevertheless, it is able to protect your capital to a significant extent.
Feedback :
I would love to hear from you about whatever you think about this product. Be it suggestions, problems, complaints, just whatever. Please mail me at  . I am waiting for your response.
All mails are personally viewed and answered me.
Best regards,
Abhay Deshpande
C.E.O.
www.tradinganalysis.co.in
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