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[Metastockusers] Re: New Adaptive Tools for Metastock



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David's Whipsaw-resistant Moving Average looks interesting. He has no
pricing on his website...


--- In Metastockusers@xxxxxxxxxxxxxxx, "superfragalist"
<jackolso@xxxx> wrote:
> Brad, 
> 
> You're getting defensive already. Slow down a bit. I've been involved
> in the development of around 300 products and it's hard to have
> someone tell you your baby might not be a genius. You can argue it
> into one. Time will tell. 
> 
> What Andrew is talking about, I think, was mainly directed at
> "software leasing". 
> 
> Most people just don't like software leases, and yours is not cheap.
> I've been a full time trader for a long time. I use a lot of tools
> that are somewhat pricey. However, I stay completely away from leases.
> If each product were selling for $300 upfront, I would probably buy
> them because I buy a lot of new tools to test. So far I haven't found
> many that were worth much, but you never know. For me, a small
> percentage increase in return is a lot of dollars so I check almost
> everything I can find. 
> 
> I might even be willing to pay the $600 and a small annual upgrade and
> maintenance fee. The operative word here is small. I'm not willing to
> pay the full lease price every year. I don't want a trading partner. 
> 
> I am an engineer with an MS in applied math. In the world of trading
> that's pretty much worthless so waving that around won't get you much.
> As far as Ehler's goes, I like his work and his books. Yes, Brad, some
> of us actually understand what he's doing. We aren't all as dumb as
> pumpkins. 
> 
> I have programmed all of Ehlers indicators and tested them. I'm not
> ready to put him up on a pedestal. In the systems tests I've done, I
> haven't found any great advantages to his approach but some of his
> filters do smooth well. I personally like the Inverse Fisher Transform
> and the Laguerre Transforms. Your implementation of them is probably
> more polished than mine.  
> 
> As far as applying engineering mathematics to the market, I like 
> David Sepiashvili adaptations the best. 
> 
> http://www.alticom.com/indicators/overview.html
> 
> I have a few of his indicators programmed but they are much harder to
> code than Ehlers. However, I have found the ones that I have used to
> work very, very well. You might want to take a look at them. 
> 
> I also have found Hurst hard to implement in MS. With dlls it's very
> doable. His sigma bands would be a nice addition to MS. MetaStock
> lacks a true sigma band. I think a lot of traders, especially on these
> boards, don't understand the value of sigma bands when it comes to
> assessing trends. Something else to think about.  
> 
> Unfortunately most MS developers don't make much money. I know a
> number of them and the market is very small, the number of people
> willing to pay a high enough price to sustain the cost of development
> is few, and it's hard to complie a list of potential customers because
> Equis is the 800 pound gorilla that likes to squeeze the life out of
> independent developers. 
> 
> Good luck with the product. I'll watch for any change in the pricing
> plan, and if it gets back to something I can work with, I'll give it
a go.
> 
> 
> 
> 
> 
> --- In Metastockusers@xxxxxxxxxxxxxxx, "bradulrich33"
> <bradulrich@xxxx> wrote:
> > --- In Metastockusers@xxxxxxxxxxxxxxx, "Andrew Tomlinson" 
> > <andrew_tomlinson@xxxx> wrote:
> > > Not quite a bargain at $600 per annum!!! 
> > > 
> > > Makes it clear what good value Roy and Jose's work is. 
> > > 
> > > Do Metastock users have a reputation for being rich and dumb, that 
> > someone
> > > tries something like this?
> > > 
> > > Andrew
> > > 
> > 
> > 
> > 
> > And how is something Expensive automatically Worthless?  If our 
> > product was cheap or free, would it be totally awesome??? 
> > 
> > Did you bother to research our products at all, do you have anything 
> > intelligent to say about them beyond the obvious? It is easy to cut 
> > and paste the prices, see:
> > 
> > A full list of our prices can be found here: 
> > www.thedml.com/pages/order
> > 
> > You seem to have formed a staunch opinion quite quickly, and yet in 
> > so, so, little time.  It it seems as though you were discouraging 
> > people from looking at the site and gathering their own information.  
> > How else do we learn?  It is you who is trying to pull the sheet over 
> > their eyes, not me. I want them all to see.  Form their own opinion.
> > 
> > ----------------------------------------------------------------
> > 
> > Secondly, I think you mispoke: "trying something like this" doesn't 
> > require being rich or dumb.  "Trying" the trial for two months is 
> > free; doesn't cost a thing.  And you don't have to be dumb, although 
> > you can be...we don't discriminate :)  
> > 
> > With the trial, you are locked into absolutely nothing, you receive 
> > nothing that you didn't ask for, and it can fully uninstalled, no 
> > problems...right back to where you started.  I have recently updated 
> > the trial download page to mention these important things...I realize 
> > many people trick you into things with trials...
> > 
> > As for Roy and Jose, they ARE worth their weight in gold, and I 
> > respect what they do. I can only hope the my company and its users 
> > can have people as dedicated to education and service as those two. 
> > If fact, it is our primary policy to offer and encourage education to 
> > (and between) our users.  I really like these guys, I do.  So much, 
> > In fact, that I am modelling our company after each of theirs:  I am 
> > offering quality products for sale, but I am counting on my support 
> > and services to earn a reputation.
> > 
> > And I assure you, if Roy and Jose could do what our products do:
> > 
> > 1.) They would have already done it
> > 2.) I would not have spent years developing them, and 
> > 3.) I would not be selling them, they would be.
> > 
> > ----------------------------------------------------------------
> > 
> > Ah, yes, and then there is the price::
> > 
> > Professional tools are offered at premium prices.  This is obvious in 
> > many areas of trading software/services.
> > 
> > For example, you can download data for free, or you can get premium 
> > data for TWICE of what our indicators cost per month.  Just for DATA.
> > 
> > As for the benefits:
> > 
> > You have to understand what it is our products do that you cannot do 
> > already in Metastock.  With ASI, (the adaptive indicators), this 
> > point is somewhat subtle, and not everyone gets it. If you have been 
> > working inside the confined space that is the Metastock language, 
> > then you may not realize that there is another world of more powerful 
> > indicators out there waiting to be built. We ourselves at the DML do 
> > not even see the entire realm of possibilities. The indicators are 
> > not just end indicators, they are TOOLS that EXTEND THE METASTOCK 
> > FORMULA LANGUAGE. 
> > 
> > As with any new tools, it will take time, and a growing user base, to 
> > really find out what they are capable of.  Some advanced users know 
> > this already, and have been waiting years for a product that does 
> > what ours does.  They are very excited, and can't believe someone
> > has 
> > finally done it.  This is our main target audience.  
> > 
> > As for Ehlers' work, it speaks for itself.  I can tell you as a 
> > mathematician and an engineer that the math makes sense and is 
> > theoretically sound.  What makes so many people not use his stuff is 
> > the fact that it is hard to implement.  They say it is hard to 
> > understand, which I'm sure is true, but that is not the real
> > reason 
> > that it is not used.  What keeps people from using it is if it is 
> > hard to use….until now.  I can also tell you that there are 
> > advancements and improvements to be made, that HAVE BEEN MADE to 
> > Ehlers' stuff, beyond what is in his books.  Our indicators let
> > you 
> > logically make these advancements without being a mathematician or a 
> > professional programmer.  I did the hard work when I laid these all 
> > out and did the C++ programming, now they are easy-to-use and 
> > extensible.
> > 
> > No doubt, are products are mainly geared towards professional traders 
> > that can already see how to use our new tools to make better 
> > indicators.  And thus the cost of our products is easily justified to 
> > them.  For the others, it will surely take some time to see the 
> > possibilities.  Our growing knowledge base is intended to help share 
> > this information that the cutting-edge users develop, and pass it on 
> > down to the less advanced.  We encourage you to contact us to find 
> > out more about how our products can help you as a trader.  
> > 
> > We realize that the only reason that you would buy our products is if 
> > you thought they would help make you more money trading.  We KNOW 
> > that they can, because we have seen the difference between them and 
> > the less effective ones: the 30 year old indicators that come with 
> > metastock, and worn out ones that have been written using its limited 
> > formula language and old indicators.
> > 
> > Our products are very professional, and thus, we charge a 
> > professional price.  We offer top-notch products, support that is 
> > second-to-none, and more than anything, we encourage a community of 
> > learning and improvement that will hopefully justify the cost of our 
> > products.
> > 
> > The only disadvantage we see is our prices, which are pretty much set 
> > (although we will be offering promotional offers up to 20% off over 
> > the next few months).
> > 
> > If you actual take the time to study our product and find any 
> > disadvantages OTHER THAN PRICE, we will be happy to hear them, and 
> > hopefully, will be able to resolve them.
> > 
> > And hey, most new add-ons you hear about are not only expensive, but 
> > they don't do anything.  So we can't blame anyone who has
> > dismissed our products as expensive products that take advantage of 
> > suckers.  We are not looking for suckers.  Suckers won't get what our 
> > stuff does.  We are confident that our products actually do something 
> > dramatic.  As we say, We've Given Metastock a BIG Upgrade! So
> > please take the time to think about the possibilities.  
> > 
> > Thanks,
> > 
> > Brad Ulrich
> > Developer
> > The Dynamic Market Lab, LLC
> > www.thedml.com




 
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