There are a host of different software programs out there for trading , testing , charting etc.
Interactive Brokers (IB), Metastock, Amibroker, Tradesim to name a few.
I am slightly confused as to which ones I will need to achieve my trading goals.
Just a quick snapshot of my situation if I could.
* Will be starting futures trading in about 2/3 months.
* Currently back testing, forward testing (walk through), paper trading, reading, refining money management skills etc etc
* Will be settling on a property during this period and will take out 50K from the net CG to open up a futures account most likely with IB - not confirmed yet
* Whilst it wont be cheap, I am giving serious consideration to combining the following two software programs, TradeSim + Amibroker. TradeSim for its testing capabilities and Amibroker for its charting capabilities.
So, as i understand it..
IB - for placing trades if you are trading futures / forex
TradeSim - for robust backesting, Monte Carlo analysis etc
Amibroker - for technical analysis / charting etc
MF Global - for using a human broker to place special types of orders than cannot be executed electronically (this is my own personal choice)
Do I have each of their functions right? Or am i doubling up with any? I know many here use Tradesim + Amibroker or Metastock
Do people also combine these 2 with IB as well?
I am just getting ready for when i go 'live' (provided i am successful during my due diligence process of course)
Any help would be greatly appreciated, TH, Tech, and any other cyber authority who cares to comment?
Looking forward to getting some pearls of wisdom