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--- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
<tlsprunger@xxxx> wrote:
> Thanks for pushing this. In the past, Equis has done the right
thing for
> their customers more often than not. We shall see if they do
again. If
> they want to retain loyal customers, they will fix, if not,
> well........their customers will leave. Its that simple. So we
have to
> give them a little time. Hopefully that time will be well spent
figuring out
> how to fix this issue in the most efficient and customer friendly
fashion
> and that the wait will be worth it.
>
> I'd say if they need a couple of months to decide if/how to fix,
and then
> several more months to actually fix. In the meantime, we'll have
to use the
> workarounds.
>
>
> ----- Original Message -----
> From: "bex1210" <hmw3@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 21, 2003 12:13 AM
> Subject: Re: [EquisMetaStock Group] v8 System Tester Issues and how
to fix.
>
>
> > TOm:
> >
> > I wrote a long, not so polite, note to Metastock regarding these
problems
> that you discovered (even quoted some of your specifics). I wrote
to both
> sales and support.
> >
> > Here was the resonse I got from Support:
> > ****************
> > I was asked to review this and respond. Your concerns are
obviously
> > warranted, and the user group summation was, as far as I can tell,
> > accurate. There does appear to be some design flaws in the
Enhanced
> > System Tester. The nature of the flaws you've written about only
became
> fully known after design work on the 8.01 maintenance release was
already
> complete. These are currently being looked at, and a decision is
pending on
> what to do about them and when to do it. We, in Support, feel a
maintenance
> release should be created to resolve these issues, but whether this
can be
> done is up to the Development and Project Management Departments.
> >
> > I have passed on a copy of your message to management, so they
can be
> > aware of the strength of your concern.
> >
> > Regretfully, I cannot tell you at this time what will be decided,
nor
> > when the decision will come through.
> > ********************
> >
> > So I guess we should not hold our breath waiting for a real fix.
> >
> > Harry
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
<tlsprunger@xxxx>
> wrote:
> > > Harry,
> > > > I ran a couple of "before and after" system tests, with the
Ref()
> > > function, as you described how to use it. I assume that it works
> correctly
> > > now, but I have a few questions regarding the messages Metasotck
> provides
> > > when you look at the list of attempted trades.
> > > >
> > > > Looking at my "before" test on the Orders tab, I got two
types of
> > > messages. The first is:
> > > > Considered
> > > > Placed
> > > > Cancelled-Open Cost
> > > >
> > > > I assume this is the key one that the Ref() gets around?
> > > Yes, you are correct. The "Cancelled -Open Cost" is what you
get when
> the
> > > price on the next bar is more (for a buy) than the price
calculated.
> > >
> > > >
> > > > The second message in the "before" test was:
> > > > Considered
> > > > Placed
> > > > Open
> > > > Cancelled-Position Limit
> > > >
> > > > What does "Position Limit" mean?
> > > "Position Limit" means that you had the max number of positions
that you
> > > said it could use already open. It can happen with "1". This
is
> because it
> > > tells it to buy lets say 1000 shares and use 100% equity. Then
let's
> say on
> > > the buy day the price gaps down and it buys the 1000 shares for
less
> than it
> > > thought it would cost. Then you have equity left over so it
tries to
> use it
> > > up. Then it finds a chance to do it, but then realizes that
you said
> only 1
> > > position so it cancelles the order.
> > >
> > > >
> > > > When I modified to include the Ref() function, and the
changes to Buy
> and
> > > Sell at Open, and set days delay to 0, both of the above
messages
> vanished.
> > > But then I would get:
> > > >
> > > > On day 1 (i.e. the first day a trade signal was received)
> > > > Considered
> > > > Placed
> > > > Open
> > > > Executed
> > > >
> > > > On day 2 through day ?:
> > > > Cancelled - Zero Size
> > > >
> > > > This would continue until I received a signal to sell, and
then the
> sell
> > > would be executed correctly.
> > > >
> > > > I assume this above message is because my Buy (and Sell)
signals are a
> ">
> > > than" or "< than", and not a "cross" function, so the Buy
remains in
> effect
> > > but I don't have any $ to buy with (since I am set to trade 100%
> equity)?
> > >
> > > You are correct. The tester sees you still have a signal,
tells the
> broker,
> > > but you do not have enough equity to buy 1 share, which is what
you
> wanted.
> > > So it cancels the order because it is for "zero size".
> > >
> > > >
> > > > Thanks ever so much for all your help on this one. Any other
problems
> with
> > > the Ver. 8 System Tester that your research has found? If so,
letting us
> > > know would be greatly appreciated! Unfortunately, I now have
lots of
> > > "conclusions" which have to be retested!!
> > >
> > > I have not found any other issues, but these are enough to
keep me busy
> for
> > > a while. As I said before I believe the signals are generated
> correctly.
> > > It is the silly broker logic that causes all these problems.
> > >
> > > Tom
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > equismetastock-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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