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-----Original Message-----
From: Richard Estes <rtestes@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>; Metastock List
<metastock-list@xxxxxxxxxxxxx>
Date: Friday, August 07, 1998 2:03 AM
Subject: Re: Metastock- conversation with Alan McNichol
>"I believe he said that true multiple security system testing means testing
>across the whole portfolio and optimizing the entire portfolio as well as
>individual securities, ands that some programs like WOW [I have no
>familiarity with WOW] don't really do this- they run something more like an
>exploration after optimizing on one security. Part of this process is also
>the optimization of stops, and Equis wants this feature in the software
then
>first time around. "
>
>Glad to see communications like this, but wonder Why he referred to the OT
>view which every knowledgeable trader, I know who tried it, said it was
>worthless. His model should be WOW's with the depth of reporting in MSWIN.
>There is no optimization process in WOW's system test. Please don't mess up
>what you have with failed OT model, Equis.
>
>"Metastock philosophy is to beta test in-house or at
>least to a tightly restricted group, and the release a first rate product
>out of the box. That is the ideal anyway."
>
>In house? What are they trading? Get a power user group to beta. You don't
>let those with a built in agenda for success test it. While they turn out
a
>fair first product, they have kept the elements present for years.
>
>"He also pointed out that many innovations like 32 bit, Expert Advisor,
>Metastock File Library, saving as HTML, and perhaps some others were the
>result of an enormous amount of development effort and seem
underappreciated
>"
>
>Wonder why? 32 bit: nearly a required aspect. Expert advisor: a great
>innovation, but its power lies in programming the experts yourself - we get
>colors bars that way. Yes I am afraid that the majority of users haven't
>tapped the power. I failed to see value in the canned experts. Metastock
>file library: What was that? the data CD? Html saving: messed that one up,
>using JPEG files which are at least 3-10 times the size of a GIF file. Then
>they failed to tell people clearly the they had to sent both files to the
>net or e-mail. Now what programmer thought that a 300KB chart file was
>appropriate, not a user. You want to spend a minute or two waiting for a
>chart to appear. That is why anyone that uses the feature won't do it
again.
>I am not a programmer, but many have solved the tasks with minimal effort.
>Maybe the old Patton type statement would be good here for your
programmers:
>"Don't tell me why it can't be done, do it!"
>
>But the old data file management problem and muti-stock system tests remain
>the same weaknesses they have always been. And no answer coming soon.
>
>Richard Estes
>
>
>-----Original Message-----
>From: Alton Stephens <astephen@xxxxxxxx>
>To: Metastock List <metastock-list@xxxxxxxxxxxxx>
>Date: Thursday, August 06, 1998 11:19 PM
>Subject: Metastock- conversation with Alan McNichol
>
>
>>effort to address this is forthcoming. Mr. McNichol regularly reads the
>>Metastock List, and it was the recent discussion that prompted him to call
>>me and I believe a few other of you to discuss the same things he
discussed
>>with me. he certainly succeeded in winning me over, and I will be
>>interested to see the reports of others he may have talked to, and to read
>>the posts over the next few days.
>>
>>Al Stephens
>>
>
>
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