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I think you hit on something here! That would explain some very obvious
weaknesses in each's software. I am trying the 60 day trial now. They
specifically have a check box in their set up for downloading data if you
are going to use data from a MS directory. I have not been able to get it
to work right yet, that's to nights challenge . Yes, it does seem rather
convenient for Equis and Nirvana.
.
Well another competitor should straighten that out!
Omni trader now has a system that runs a multitude of tests and back
tests on a security, then depending on the type of trading you want to
do, short ,med, long and what kind of entrance and exit strategies you
want to use, it will then generate buy and sell signals on your trading
criteria. I have not made a trade based on any signals yet. If I can make
the $400.00 costs with in 60 days based on one of their signals, I'll
keep the program.
JB
On Wed, 27 May 1998 13:57:37 EDT BrewsPad@xxxxxxx writes:
>In an earlier post, someone mentioned that Nirvana Systems had a
>supplemental
>package that ran tests on multiple securities with MS 4.0. I had that
>package
>(was about $100 if I remember right) and it offered standard basic
>technical
>textbook security reviews: MACD crossovers, RSI 20/80, Williams %R
>20/80, 2
>and 3 period Moving Average crossovers, etc. Then, they also included
>optimized versions of each one of these that is similar to the
>optimization
>feature in MS. Altogether I think they had about 30 or 40 tests that
>ran
>against with MS, using its data. It was supposed to produce signals
>for the
>next day's trading. I had problems with its ability to produce
>signals for
>the next day, if I remember right, it would produce signals for the
>current
>day, with end of day data, not very useful. In fact, I didn't find
>any of
>their non-sophisticated tests to be very useful. Equis actively
>promoted and
>advertised the Nirvana supplement through their (Equis) direct user
>mailing
>activity. The two of them appeared to be quite friendly.
>
>Then, Ominitrader came out, and Nirvana's product no longer ran with
>MS
>software. It is also no longer $100. In looking at the Omnitrader
>site, it
>looks to me as if they have created more tests (I know nothing of the
>validity
>of the additional testing capability), and developed the MS supplement
>to run
>as a stand alone application. Also at their web site, they sell
>MetaStock
>software. My guess is, and has been, the when MS and Nirvana
>separated, the 2
>of them agreed not to cross the boundaries of each other's software.
>It is
>also my guess, and only a guess, that is why MS neither supports the
>testing
>of multiple securities, nor has more sophisticated testing (the
>ability to
>reference external variables, etc.) nor a better signaling capability
>(provide
>entry decisions for tommorows trading day).
>
>I guess the bottom line for me is that at one time Nirvana produced a
>sizeable
>but somewhat worthless piece of testing software specifically for MS,
>and
>because of this early relationship, Equis will not allow MS to
>progress to a
>more sophisticated level, which could be accomplished with very little
>effort.
>
>Jim
>
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