Amibroker AFL Strategy and Formula

Amibroker AFL Strategy and Formula : AmiBroker is one of the best trading tools for the traders. The world’s top technical analysis platform holds tonnes of useful features. The system works with customized indicators. Investors can run it on an automated basis.

The knowledge of Amibroker formula language (AFL) is a must to build a trading system. AFL is an easy programming language. Anyone can learn AFL and create the customized trading system. This will save you from the cost of buying instant AFLs.

⇒ What is AmiBroker AFL Strategy and Formula

AFL strategy is mistaken as an instant machine for profit making. The idea is used to advertise the technical tool by exploiting greed of public. There is no such strategy that allows free flow of money from trading. AFL does offer technologies to work out the most suitable strategy. Unless you deploy the strategy in a proper way, it does not guarantee a profit. A good AFL formula also needs a discretionary layer and execution layer.

[ Know More About : What Is AmiBroker Software ? ]

⇒ Amibroker AFL Strategy and Formula Language

AmiBroker comprises a whole world of powerful formula language. The language enables you to write your trading system rules. Users can define their own customized commentaries. They can build their own indicators. Here we try to present major AFL tools like editor and auto-analyser.

AFL is for determining trading rules in automatic analysis window and commentaries. AFL also defines indicator formulas in formula editor window.

# To set your own trading strategies, make sure following points : 

  1. Before building your strategies on AFL, test it on different time frames and symbols. Make sure the results are matching with the original data you tested.
  2. Test the system on various market conditions.
  3. A good AFL works well on all types of market conditions.
  4. Ensure that the results of the tests differ after you integrate commission factor.

To understand the AFL, it is essential to know how the windows work.

[ Ready-made Strategy : Demand and Supply Trading Zones ]

⇒ Automatic Analysis Windows

Amibroker’s analysis window checks your quotations by matching it with buying/selling rules. The user can enter buy or sell rules in the entry field of the window. Simulation of trading by the window gives you an insight into your system’s performance. The rules are the statements in AmiBroker’s own formula language. The user needs to write two statements i.e. for buy and for sell rule.

⇒ AmiBroker Formula Editor

The formula editor allows a trader to write formulas. The same formulas serve as indicators. They also work in the automatic analysis window.

⇒ Creating Your Own Indicators in AFL

You can create your own indicators using two different ways. First is by using drag and drop interface. The second way is by writing your formula in the formula editor. Drag and drop method does not need any code.

[ Must Read : Top 5 Intraday Trading Indicators ]

⇒ AmiBroker Commentary Window

The commentary window describes the technical situation in the given market conditions. The commentaries are shown on the basis of formulas you wrote. The commentary also reflects buy and sell signals in graphical mode.

With the use of AFL, traders can build their own in-house analytical program. There are many services available for AFL strategies as per user’s request. By learning the formula editor’s reference guide, users can create strategies on their own.

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