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Whenever I've costed out Tradestation it's been way expensive - and if you
compare the fees and expenses on the brokerage side they are very high (e.g.
margin interest).
Has anyone any experience of WealthLab, now free with Fidelity?
Andrew
-----Original Message-----
From: Tom Sprunger [mailto:tlsprunger@xxxxxxxxxxx]
Sent: Tuesday, February 01, 2005 12:12 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers] How to fix the Trailing Stop in the systems
tester
Tradestation is not an easy solution. You can not get the latest version
unless you use their brokerage services (open an account and trade). Then
its free, providing you make a certain number of trades/month. And it only
works with their data feed. They no longer sell a standalong version. It
is possible to get the old standalone version TS2000i which will work with
other data feeds on the secondary market. Only problem is it is no longer
supported, no upgrades, etc. Tradestations model is that you must use
their brokerage services if you want the current program and all future
upgrades.
eSignal is coming on fast. Very powerful, but the program language is
difficult. Can do loops, and all kinds of neat stuff.Based on Java script
and many things that take one line in Metastock can take 10's of lines in
eSignal. But works very well for intraday stuff, essentially no limits.
Their next release will upgrade the language and make things much easier,
supposedly. And next release will allow mixing time frames easily. So my
current approach is to backtest ideas in Metastock, and then when something
pans out, I go code it up in eSignal and actually use it.
But the frustration of the system tester is making me look hard for other
solutions that will allow me to keep this rapidfire quick test of ideas.
Amibroker.com will explain what they have. Like eSignal they upgrade the
program about 2-3 times/year, always adding significant new capabilities.
My biggest concern in all this is that unlike the above two, Metastock has
not added any capabilities for years, so what kind of future is there?
Tom
----- Original Message -----
From: "Mousefinger" <mousefinger@xxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 01, 2005 10:25 AM
Subject: Re: [Metastockusers] How to fix the Trailing Stop in the systems
tester
>
> --- Tom Sprunger wrote:
>
>> Go back 4 years and you will see that many if not most of the heavy
>> duty wizards that existed back then have left (most to Amibroker).
>
> Hmmmm...this is yet another time I've seen mention of Amibroker. I
> think I may pop over there and see what they have to offer. It may be
> better to break my MetaStock habit while it's young...though I thin
> TradeStation might be a better long term solution.
>
> Anyway, I too agree with superfragalist on this: Equis won't even
> begin to listen if we continue to pay for upgrades and continue to buy
> their plug-ins/add on's. They're bottom-line driven and not quality
> driven at this point (or so it seems from what I've read). The more
> "units" they sell, the better they look to the mother ship.
>
> =====
> mousefinger@xxxxxxxxx
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
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