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Metastock does have an answer - $350 vs $2000+. I would imagine TS 2000
requires hefty processor, like a Pentium of 350 mhz +. I'm guessing that most
Tradestation part time traders, started with an inexpensive package like
Metastock to see if they can make it work for them. Once making significant
and consistent profits, then they look at Tradestation. But it would be a
real bite if you bought a big new machine and installed Tradestation only to
find out this won't work for you. If you can't pull the trigger on the
signals, no system will work for you.
I have installed every patch and haven't had any significant problems. I know
that some people have had problems, and have real concerns. I do make a
backup of the Equis folder before installing the latest patch and keep it for
a few days.
I'm waiting for the day AOL destroys itself by sending out a patch that
disables the software. That would be real interesting. I've done enough
programming to know that anything like that could happen.
As for programming flexibility, I have found some very profitable systems and
use them on Metastock. If I had Tradestation, I would be using the same
systems.
I'm an engineer so programming is easy for me. I know it's not easy for
everyone.
But Tradestation isn't easier. The code I've seen is a little more like
Basic, only very specialized, ie. variables, arrays, counters etc. These give
Tradestation raw power. However, Metastock does come with some very
interesting systems. That's where I started and then just expanded. Equis's
Web site has some very good trading systems free for the taking. (I think
Equis would do well to expand this section on their Web by letting people post
their trading systems as well as backtested results on a few portfolios.)
I would guess that most people on this list have a decent trading system, but
are looking for a better one. That isn't a sign of weakness on Metastock or
Equis. If the traders on this list weren't making money, they would be gone.
Weakness would be signaled if the list wasn't active.
Good luck on whatever decision you make.
Kevin Campbell
In a message dated 2/19/99 5:20:41 PM Central Standard Time, BuyersG@xxxxxxx
writes:
> OK I decided to watch for a few weeks before jumping in.
> Now, i think i will not. I dont know why anyone would accept
installing
> your own patches and all this file management and screen saving... and
> not being able to write formulas the way you might want to with a
> programming
> language or some "Easier" language. Frankly, i never had much luck
> in not losing part of my tables in those spreadsheet type files.
> I mean , look how AOL does your patches. You expect it to do the updates
> as you sign off, very seldom. Or you download the new version and expect
it
> to run to completion perfectly and work right. And see how a clean
install
> of
> Win98 runs (with disk formatted). It is fairly trouble free, except mine
is
> slower
> than Win95 for heavy applications. And dont try the dual monitor if you
> have
> demanding apps, because it does not keep up, even with good boards.
> The Metastock technical support seems good, but the system seems like a
> lot
> of learning and work to me.
> Well, I hope Metastock has a good answer to TradeStation2000.
> The real answer is hiring and keeping an adequate staff of the very best
> experienced programmers and experts.
> Stocks are complicated enough without having to be computer technicians
> and programmers ourselves. I am looking for better. The real time
> charting system i use for swing trading works fine with no overhead and
> no training. It handles all download and file management and i just put
> the
> symbol into the windows. I think I will get by until i see better.
> Has anyone thoroughly checked out Tradestation2000 ? I did read the
> older T/S book with examples and the language looks EASY-er to me.
> If they fixed the chart clarity and better ease of use, i dont see why
> it would not work.
> Also, I think you guys should code your topics with key words like:
> programming, files, upgrades, formulas, indicators, datafeed, etc.
>
> And i think Metastock should have a dedicated FULL TIME time person
> teaching,
> explaining and describing new offerings on here EVERY day.
> RS
>
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