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Here is a reply I received from Steve Notes. He replied promptly.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "steve$mail.byte-research.com" <steve@xxxxxxxxxxxxxxxxx>
To: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
Sent: Friday, September 07, 2001 3:15 PM
Subject: Re: Powerkit
> Hi Lionel,
>
> Trader's Powerkit uses MetaStock data (plus other types) so if you have
> MetaStock, all of your data will be compatible without any setting up.
The
> only difference is that Powerkit requires you to keep less than 255 files
in
> each data folder. If you currently have more, you can split them up in
just
> a few minutes with MetaStock or The Downloader, and it will not effect
your
> normal data updating because MetaStock can update multiple folders
> automatically.
>
> Powerkit can also use data that is exported from Excel.
>
> If you are only looking for a basic breakout algorithm that you can insert
> into Excel or MetaStock you may be disappointed. I've tried for years to
> implement breakout systems in MetaStock - but their user study and system
> tester modules are limited in such a way that you can not get them to
enter
> or exit trades at an intra-bar or intraday stop price. Waiting until the
> close to activate a new entry or exit cuts the profitability dramatically
> when dealing with breakout situations, as you can well imagine.
>
> Excel can probably be used to create a true breakout system, because it
> contains Visual Basic for Applications, and has powerful programming
> capabilities. But it would not be a small project. An entire "profit
> calculating engine" would still have to be designed, plus data import and
> storage arrays, graphics design, report design, and the ability to modify
> trading algorithms so you could test new ideas.
>
> However, I designed Trader's Powerkit as a stand-alone program. It can
read
> data from MetaStock, TradeStation, Excel, and other sources, but it does
not
> need any other program to function. It's surprising to me that big
> companies like MetaStock and TradeStation don't include a breakout system
in
> their software. The breakout system is the most widely used technical
> trading method among commodity traders, money managers, CTAs, pension and
> hedge fund operators - and in the last few years individual stock and
mutual
> fund traders and investors have been discovering it as well.
>
> If price is a concern for you, Trader's Powerkit is the least expensive
full
> featured breakout system that has ever been offered. Even if you could
put
> a basic algorithm into MetaStock you'd find it difficult and clumsy to
> actually use for trading. Trader's Powerkit has all the features of a
> professional trading system: to help you quickly identify the markets to
> trade, the best equity returns, the least drawdown, and to give you your
> daily (or intraday) trading targets instantly.
>
> Thank you for your interest in Trader's Powerkit and please let me know if
I
> can be of further help.
>
> Best Regards,
> Steve Notis
> steve@xxxxxxxxxxxxxxxxx
> http://www.byte-research.com
>
> "...a little hard thought can replace a lot of hard work..." -srn
>
>
>
>
>
> ----- Original Message -----
> From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> To: <steve@xxxxxxxxxxxxxxxxx>
> Sent: Friday, September 07, 2001 12:00 PM
> Subject: Powerkit
>
>
> > Steve:
> > Do you have an Excel or metastock version
> > Lionel Issen
> > lissen@xxxxxxxxxxxxxx
> >
> >
>
>
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