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Message-ID: <36772142.24CEFFC1@xxxxxxxxxxx>
Date: Tue, 15 Dec 1998 19:56:02 -0700
From: Fred Bender <fbender@xxxxxxxxxxx>
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To: Randall_Gary@xxxxxxxx
Subject: Re: SuperCharts
References: <0000286F.1637@xxxxxxxx>
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Gary,
Replies to your questions:
1. SuperCharts does NOT support the TradeStation Easy Language Editor ("Power
Editor"). It contains something called the "Quick Editor," which is roughly
equivalent to MetaStock's formula and system editor in scope and limitations.
As you probably know, many trading publications publish system formulas in
EasyLanguage, which often are not translatable into their Quick Editor
syntax. Btw, SuperCharts v. 2.x contained the PowerEditor, but not only did
Omega remove it from SC 3 and higher, but they fixed these versions to destroy
SC 2.x and all its files on your hard drive if you try to install a later
version. Lovely customer relations they have!
2. On the relative merits of SC 4.0 and MS 6.5 (note that both vendors have
end-of-day and intra-day versions):
a. MS cannot do systems using more than two data items; SC can do
multi-data systems up to a very large number of data items (I don't know
exactly how many, but I have some systems that use six or seven).
b. SC has nothing equivalent to the Explorer in MS, so you can't rank and
screen securities.
c. You get more canned indicators in MS, but imho you can be more
creative in SC.
d. The system testers operate quite differently. In SC you get results
on one contract only (unless your system allows you to enter multiple times);
in MS the gains are compounded and annual rates of return are given. Imho: a
tossup.
e. MS is definitely faster.
f. SC can read data files in the MS Downloader. It also has files in its
own (apprently proprietary) format, available from Dial Data only. Note: They
may have added a second data supplier since I last looked.
g. Last point: when you turn SC on, it updates signals to the latest
date automat; MS doesn't do this (I know, they have the Experts to perform
this function, but I've never figured out how to avoid multiple arrows in the
same direction in my Experts if the condition for the buy signal, for example,
repeats. I hate the clutter.)
So, there it is. So far, I've felt the need to use both. Maybe someday Equis
will get MS up to speed on multi-data charts.
Randall_Gary@xxxxxxxx wrote:
> Fred,
>
> I caught your reply about MetaStock/SuperCharts on the MetaStock forum. I
> have MetaStock but find the system testing and coding language totally
> limited. I'm interested in SuperCharts and have a few questions.
>
> 1. Are there any limitations on the way SC handles TradeStation's
> EasyLanguage code?
>
> 2. Can you give me some idea of what MS does better than SC, and vice
> versa?
>
> Gary Randall -- Brunswick, Maine
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