Fibotrader : An Excellent Free TA Software

Thanks Anant Waited a long time for that answer Got a premonition though from their website as to what it would be.

Could do with some less features as long as the essentials were there and well documented. But perpetual dependence on others or 'being taught' is something i detest.

It's not unworkable though even the scripting can be learned but would take a lot of time & struggle specially for the uninitiated.

Nonetheless i highly appreciate the selfless efforts of Mr Robert & his team towards the creation of the software and providing it free to the trading community and that of Soumya for his continuos support.

Wish they would spend more time with the documentation particularly for DScript (like say including an example with each concept) rather than answering stupid questions on things which have already been clearly explained in Soumya's first post.

I would suggest Soumya to include in his 1st post a few lines about downloading Winrar and unzipping the files. Would perhaps result in a few less questions.

Regards,
Kalyan.

hi soumya,

TRIED THE METHOD YOU SUGGESTED TO..........

1. CREATE A MOVING AVERAGE OF THE ADX

2. CREATE A MOVING AVERAGE OF MOMENTUM

BUT FAILED ON BOTH OCASSIONS.............

INFACT, HAVE BEEN TRYING FOR ALMOST THE LAST FOUR HOURS..........BUT NO REWARDS..........

I TRIED RIGHT CLICKING ON THE ADX INDICATOTR..............BUT NOTHING SEEMS TO COME OUT OF THAT.............SAME IS THE CASE WITH MOMENTUM.............IS THERE ANY OTHER WAY OUT.
CANT THE NEW INDICATOR BE CREATED WITH THE SCRIPT CODE..........IF SO ...........PLEASE HELP ME OUT ............

WITH BEST WISHES

ABHIJIT SEN
GUWAHATI

rclick on ADX -> Add Indicator-> Moving Average ->ok
set the MA period u want from the Parameters tab

do the same for Momentum also...

thanx

100% agree with u. except Robert(Fibotrader) there is no other support line is currently available. and i have to admit that Robert is excellent. above all keep it in mind WE ARE USING THIS S/W NOT PAYING A SINGLE PENNY.

are many features available in Fibo but are not in other software like AmiBroker, MS etc.
Such as :-
1. Filter-> to do not required a single bit of coding knowledge
2. Chart Gallery-> very useful for scanning too many charts in a short period of time.
3. Training mode-> one of the best way of learning TA ( my view).


Ask Karthik & Murthy how they r enjoying .

the main and the biggest drawback about Fibo is it consumes more system
resource than Ami & MS while running.
its scanning(filter) speed is too much slower than the above 2.
help file is worse of the worst.

in spite of these i have been using Fibo for two years. bcoz this is the only one FREE s/w available in the trading world (as far as my small knowledge
is concerned) which has a vast professional functionality.

thanx & best regards,
soumya

Its a good sw undoubtedly and its free. Also support provided by Robert is excellent. I have recomended this sw for several of my friends and thanks soumya for introducing this
ANjan

hi soumya,

tried the method suggested by you.................when i right click the adx indicator on the chart, nothing comes out.........its blank.............

help me...........

abhijit sen
guwahati

Dear Soumya,

Due to some mix up while updating data, the symbol and name columns have got mixed up due to which Fibo has added new scrips with the symbol as names. How do I delete the newly created scrips all at one go?? I am finding it difficult to delete the scrips one by one quite cumbersome, which in all will be 3000+ for BSE.

Regards.

SKH

Hi Soumya,

I expected this reaction from you. But I am not crticising or downgrading Fibo. My answers were specifically for Kalyan with respect his specific queries.

For your information, I am also using Fibo in addition to Ami. What I find is Fibo is not as easy as Ami to work with in the absence of well documented help files. In my opinion, in any software product it should be possible to carry out work without refering to separate help file. What I mean is context sensitive menus and help. This is not available in Fibo to the extent it should be. But I am aware that Fibo is much younger compared to software like Ami or MS so we should not expect as much sofistication in Fibo as in the others. The basic drawback of Fibo is its speed. It uses MS Access database and Jet engine. It is both an advantage and disadvantage. Disadvantage because speed suffers. Advantage because the database can be manipulated with other tools like VB, MS Access, SQL etc. in addition to Fibo. Other software use proprietary databases which can not be handled by other software tools. Well, this is a feature useful for advanced users.

Another important feature that is missing is auto update of charts. When we add more data from the EOD files daily, the displayed charts are not updated automatically. We have to redraw the charts to see the new data plotted. As for scripting, some good examples in documentation would have been of use for new users. All softwares have a drawback with respect to scripts. It is a pity that different softwares use different scripting languages which compells the users to learn different languages to do the same job. If there were some standards for scripting languages, like in the case of computer languages (BASIC, FORTRAN, C, C++ etc.) it would be better for users. But that is a different aspect, not a problem with Fibo alone. Overall, Fibo is a good utility, and with some support and help from users in the forum, I hope it will evolve into a much better software and can give tough competetion to other estiblished software. I eagerly wait for that day to come.

In the absence of documentary help, the help you and Robert are giving is excellant and unparallelled.

Appreciating all the trouble you are taking to help us and no malice towards Fibo,

Regards

-Anant

We are following this discussion very attentively and will try to improve documentation as it was critizised a lot in here. We are a little surprised by that since we put a lot of effort in it and tried to come up with many examples and screenshots. As it seems, they can either not be found or are the wrong approach. Your input and recommendations are very welcome here.

Concerning auto updates: Of course Fibotrader can autoupdate charts, no question, simply not in the free version.

Concerning the scripting language: We think we have one of the very FEW programs which does not create its own language but uses a simplified visual basic to allow the user to quickly model ideas and not having to learn a new language.

is it really a "missing feature"