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> And I assure you, if Roy and Jose could do what our products do:
>
> 1.) They would have already done it
Brad, for your information, some of my trading tools include a very
handy MetaStock DLL that accepts variable inputs in over 20 standard
indicators. Several other variable-input MetaStock indicators can
also be built from these basic variable input functions.
Here is an example of the functions available in one of the MACDH
Divergence kit's DLL:
------------------------------------------------
MetaStock VarPeriod.dll
=======================
Copyright (c) The Nag Tools, 2001
22 in-built functions with variable period input
------------------------------------------------
ExtFml("VarPeriod.VarAlert", Expression, Period)
Alert function
ExtFml("VarPeriod.VarCMF", Period)
Chaikin Money Flow function
ExtFml("VarPeriod.VarCCIE", Period)
Commodity Chanel Index (Equis) function
ExtFml("VarPeriod.VarCCI", Period)
Commodity Chanel Index (Standard) function
ExtFml("VarPeriod.VarGZLag2", DataArray, Period)
Gaussian ZeroLag 2 function
ExtFml("VarPeriod.VarHhvBars", DataArray, Period)
Highest High Value Bars Ago function
ExtFml("VarPeriod.VarHhv", DataArray, Period)
Highest High Value function
ExtFml("VarPeriod.VarLlvBars", DataArray, Period)
Lowest Low Value Bars Ago function
ExtFml("VarPeriod.VarLlv", DataArray, Period)
Lowest Low Value function
ExtFml("VarPeriod.VarMid", DataArray, Period)
MidPoint function
ExtFml("VarPeriod.VarMo", DataArray, Period)
Momentum function
ExtFml("VarPeriod.VarMov", DataArray, Period, Method)
Moving Average function
S - Simple
W - Weighted
E - Exponential
TRI - Triangular
ExtFml("VarPeriod.VarROC", DataArray, Period, Method)
Rate Of Change function
PER - Percent
PNT - Points
ExtFml("VarPeriod.VarRef", DataArray, Period)
Reference function
ExtFml("VarPeriod.VarRSI", DataArray, Period)
RSI function
ExtFml("VarPeriod.VarStdev", DataArray, Period)
Standard Deviation function
ExtFml("VarPeriod.VarStoD", Period, Slowing)
Stochastic %D function
ExtFml("VarPeriod.VarStoK", Period)
Stochastic %K function
ExtFml("VarPeriod.VarSum", DataArray, Period)
Summation function
ExtFml("VarPeriod.VarTRIX", DataArray, Period)
TRIX function
ExtFml("VarPeriod.VarVar", DataArray, Period)
Variance function
ExtFml("VarPeriod.VarWillR", Period)
Williams' %R function
------------------------------------------------
> 2.) I would not have spent years developing them, and
Years developing a variable input DLL?
Well, I can put you in touch with someone that can cut your
development overheads dramatically.
> 3.) I would not be selling them, they would be.
Not necessarily.
For example, I only sell what I consider to be useful trading tools,
rather than basic building blocks for trading tools.
And I can't speak for Roy, but I understand that he has 100% of his
time commited to MSTT, and he is probably reluctant to dilute his
time and effort in other directions.
As for the yearly royalty fee of $600 for the use a basic trading
tool, I would have to completely agree with Teclogeo.
Tools (of any kind) should be available at a one-off cost.
Ongoing *services* of course require ongoing fees to pay for the
service provider's continuing time & effort.
jose '-)
http://metastocktools.com/MACDH/MACDHdiverg.htm
--- In Metastockusers@xxxxxxxxxxxxxxx, "teclogeo" <teclogeo@xxxx>
wrote:
> Brad,
>
>
>
> How's the take-up going?
>
>
>
> Looks like a really good package and it's great to see that someone
is
> pushing Metastock forward in this direction. Your product seems to
fill a
> big hole in the MSFL limitations.
>
>
>
> But the price. I'll just add my voice to let you know that what
you're
> asking is unreasonable. It's not the amount, as I'm sure it's worth
a
> one-off fee of $600. I would pay that. But every year? No
way.sorry. You ARE
> effectively asking to become a partner in my business...justifying
your
> price structure on the basis that I will make money with your
indicators and
> you should therefore be entitled to a portion of my future revenue.
I won't
> be held to ransom like that, not when I have a choice. Trading
decisions I
> make are my responsibility, it's my money I'm risking and it should
be 100%
> my reward. Products like yours are just tools I use - and I only pay
> up-front and once for a tool. I don't pay my computer manufacturer a
> subscription.that is also a tool of my trade. Purchases of
> tools-of-the-trade should come under the heading of "capital
expense" on my
> accounts, not "ongoing expense".
>
>
>
> You think you are providing a service that justifies the ongoing
expense? I
> am sure your support is excellent but the analogy with data
services is
> wrong, for reasons already made. The good data services require man-
hours on
> a daily basis to keep me happy. Your product, I would hope, will
not. It's
> the same principle with economic newsletter subscriptions and my
anti-virus
> protection updates.
>
>
>
> I'll be back in touch when you've had a re-think.
>
>
>
>
>
> _____
>
> From: Metastockusers@xxxxxxxxxxxxxxx
[mailto:Metastockusers@xxxxxxxxxxxxxxx]
> On Behalf Of bradulrich33
> Sent: Thursday, June 30, 2005 6:16 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: New Adaptive Tools for Metastock
>
>
>
> --- 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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