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Amibroker vs. Insight Trader

Discussion in 'Software and Data' started by Rsthree, Feb 1, 2020.

  1. Rsthree


    Likes Received:
    Jan 19, 2020
    In preparation for my foray into trading i am tryjng to determine which software to buy. My approach will be primarily technical with short to medium term trades.

    I'm looking at two products Amibroker and Insight Trader. By chance is anyone is familiar or have used the two packages I'd appreciate any advice on the better option.

    I'm looking at these two packages as I have a very old version of Insight Trader and I can upgrade it for $280. A basic version of Amibroker is around $400 so not a huge difference.

    I've been reading through the manual for each package and it's given me a headache. They are both very comprehensive with 90% of features I will never use.

    The benefit I see for Amibroker is that is seems to be more widely used and lot of information here with tips and advice. It also feels a little more intuitive to use.

    I did use insight trader about 12 yrs ago so there is some level of familiarity but I'm not sure that The learning process will be any quicker despite this.

    Appreciate any advice.
  2. frugal.rock


    Likes Received:
    May 3, 2019
    Seems to me you have answered your own question?
    Haven't used either, but you can't go past the support available on the forum for Amibroker.
    Bit like buying a new cheap car with the dealer being miles away, after sales support /warranty is hard and time consuming?
    However, there may be another forum active for Insight Trader, there's a forum or multiples of, for everything these days!
    Is it active though?
    Best of all, the support here is FREE... ! ;)
    Rsthree and qldfrog like this.
  3. Sir Burr

    Sir Burr

    Likes Received:
    Feb 15, 2006
    I've used both. Things might have changed but a highlight of Insight Trader you could backtest fundamentals easily as you download data automatically but I only had a brief look at fundamentals and moved on from Insight Trader.

    Think original reason I moved was Amibroker is cheap with a big userbase. It had a great Yahoo Group at the time but now has a dedicated forum and Thomasz (owner) listens to user requests and regularly updates the software. There is loads of code out already written to play with and if fundamental data is your thing there are ways to backtest that too.

    These days I have no idea if they have different functions but I'd at least compare that before deciding. Also, what the upgrade policy is between them.

    You can see here the continuous Amibroker updates: http://www.amibroker.com/devlog/?s=upgrade
    frugal.rock and Rsthree like this.

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