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Walter, I am a long time [3 yrs] user of OT. I have given it up because its
signals never jibed with my read and were unusable, and because Nirvana was
constantly upgrading the program and charging for it. I beta-tested the 3.1
[or maybe 3.2] release and then right away they sprung 3.5 without ever
mentioning it, and wanted to charge me for it. I emailed Ed and told him
that was it for me and OT.
I use GET, MSWIN, and QP- and AIQ some. Maybe will get Gann Trader 2.1 and
TechniFilter Plus from what I hear. But no more OT.
Alton Stephens
astephen@xxxxxxxx
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Walter Lake
> Sent: Wednesday, August 05, 1998 9:56 AM
> To: metastock bulletin board
> Subject: Omni Trader 3.5
>
>
> Hi guys
>
> I'm a new guy any will just start right in.
>
> I bought Omni Trader shortly after I bought MS, (last July'97).
>
> Both programs are good at what they do and serve my purposes as an
> end-of-day trader. I use OT for setting up profiles of different sector
> groups of stocks, commodities, and funds. MS, I use for charting,
> indicator
> building etc.
>
> I rarely look at the voting line in OT because my usual reaction is either
> "you've got to be kidding" or "that was pretty obvious". But I do look at
> the 10 daily and 10 weekly lines that I set up below each chart. It's
> interesting to watch the colours line up, then shift out of phase. Sort of
> like MESA.
>
> Each of the OT formulas are very well described in the 2 books on formulas
> and many can be optimized automatically.
>
> The criticisms that have been mentioned in the posts are true. But, there
> are other things about the program and the company that have not been
> mentioned.
>
> OT like MS is a good program, I just accept both of them for what
> they are,
> and try not to push them too hard into areas that they won't go.
>
> One major difference between the two programs is that in my owning time
> period, MS updated from 6.0 to 6.5. In the same time period, OT went from
> 3.0 to 3.1 to 3.2 with regular monthly releases, changes etc ALL FOR FREE.
> Then 3.5 came out for about $150.00US and has been through 3 releases
> since. I also received 2 full length videos for free.
>
> Without getting into arguments about quality, quantity of activity speaks
> volumes to me.
>
> I get the feeling that OT is a very "on the move" company. Their new
> products in development sound interesting. If you have any concerns that
> are not answered, call Tommy Holmes a long time guy at extension #303.
>
> I don't have any financial interest in OT nor have I have any involvement
> with the company. I simply don't have the same concerns with OT
> that I have
> with MS. Maybe some of you are right about MS being a "dead in the water",
> "end of the line program". That is certainly my feeling at times. It is a
> good "end-of-the-line" product however and I would never give it up.
>
> I'm currently looking at the basic ELWAVE program ($230US) for basic wave
> counting and TFP 8.1 for screening.
> I'd be interested in anyone's opinions about these programs.
>
> The 200+ digests have been interesting reading. There are some very
> thoughtful contributors on-line. As a reader, I appreciate your time and
> effort to contribute.
>
> Good trading to all of you.
>
> Walter
>
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