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They honor the 60-day return, but not past that date, so
watch the calendar.
-Neal.
At 06:44 PM 5/26/98 -0700, Rich Lanno wrote:
>Richard,
>
>Appreciate the extensive answer.
>Since I've already ordered the darn thing (probably
>a mistake) I guess I'll take a "looksee" and hope
>their 60-day $$back guarantee is better than their
>extravagant claims.
>
>Thanks, Rich
>
>
>
>-----Original Message-----
>From: Richard Wells <richwells@xxxxxxxxxxxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Monday, May 25, 1998 10:42 AM
>Subject: Re: Omnitrader 3.5
>
>
>>Rich Lanno wrote:
>>>
>>
>>>
>>> Anyone out there using Omnitrader 3.5?
>>>
>>> It's claims for automating the trade selection process
>>> seem too fantasic to believe.
>>>
>>>
>>I too tried it on the 60 day trial and ended up keeping it.. just to
>>have in the toolkit.. for $350 it's not expensive. Thats the good
>>news.
>>
>>I tried very hard to get ahold of the people (via internet) who gave the
>>fabulous testimonials in the OT promotional literature. Only really
>>contacted two: ONe was now very disillusioned with OT. The other was
>>positive, but advised using it just to find stocks for further
>>investigation. He would then do very extensive further analysis &
>>testing.
>>
>>I tried to find others on these boards that would comment on OT. The
>>silence was deafening... even on the OT board. All I really heard was
>>several complaints.
>>
>>Even Nirvana themselves suggests that OT is not to be used for picking
>>stocks to actually trade, rather that it should be used to find stocks
>>for further investigation. To me this is doubletalk... Their system
>>picks stocks that fit the various TA indicators for buying and selling
>>.. then Nirvana says that you should not rely on their picks! Either TA
>>works or it does not!!
>>
>>Furthermore I had some problems getting the software to work. The
>>Nirvana customer service was awful. I could not get through, except to
>>leave a message and then, they simply did not return my calls!!!
>> It made me very, very mad at them and made me question their real
>>motives.
>>
>>The biggest caution (and a user questioned Ed Downs about this on one of
>>the OT boards, and Ed neatly avoided the question), is that the fabulous
>>returns are achieved because the results you see are backfitted!! In
>>other words, if you make notes of the indicators that are triggered on a
>>given day, and then look at the same stock, same parameters, a few days
>>later, those EARLIER indicators often will change to give the CURRENT
>>best results!! Therefore the OT "results" are wrong, erroneous,
>>deceptive.
>>
>>Having said all this, I kept the software thinking that maybe I could
>>someday experiment with tweaking the parameters to get better results.
>>Maybe this was a bad decision on my part.
>>
>>
>
>
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