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Hi Johnny,
I hope you don't mind - I also have OT - and was wondering what are your
favorite indicators? I am brand new to both MS and OT I find OT very easy to use
in general I have not bought anything as yet. MS I have not set up as yet.
Thank you
please answer direct
Bob
John Scudiero wrote:
> I am also a user of OmniTrader. The SW is very powerful if you fully
> understand what it is doing. If you run all indicators against all stocks
> you will get a good average reading. Which will not help you in picking the
> right stock.
>
> OT is the complete opposite of a trading system methodology. It optimizes
> indicators against a data range you chose, the intent is that the price
> trend of the immediate future is the same as the existing past, thereby
> giving you excellent readings based on the indicators. And so many days in
> the future, you re-run the indicator test to reoptimize them.
>
> Trouble comes when you use use all the indicator to make a decision on the
> stock. Just pick a few, (ones that have become your favorite) and let OT
> run them agsinst your favorite stock. What you will find is better
> indicators giving better signals.
>
> johnnie
>
> -----Original Message-----
> From: Alton Stephens <astephen@xxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Wednesday, August 05, 1998 12:17 PM
> Subject: RE: Omni Trader 3.5
>
> >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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