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Before you try it give some thought to the data feed you plan to use and the compatibility with other software you may wish to run. There's quite a bit of info regarding data feeds on their web site. Feel free to contact me off-line.
----- Original Message -----
From: Manset01
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, February 20, 2006 12:55 PM
Subject: Re: [EquisMetaStock Group] What do you think about Wealth-Lab ?
Hi David,
Many thanks for your very informative reply.
I am going to try Wealth-Lab. The software seems to be very interesting
(portfolios, simulations, money management and so on) and it is not too
expensive.
Can I contact you by mail ?
Regards,
J.L
David Jennings a écrit :
> It depends upon what you are trying to do. TS is good for futures
> trading - but extremely laborious if you are seeking to test over a
> large portfolio of stocks.
> Over the years I have written a large amount of code for myself and
> others and find it tedious to write - there's no elegance in it.
> Once you have got the concepts behind Wealth-lab and it's coding it is
> pretty straightforward especially as you can build systems/indicators
> using drag & drop..
>
> As to your friend - I can understand why he would say what he says.
> but there again one can get an order of magnitude improvement in
> optimisation work by writing a dll for tradestation - which is just as
> complex (or not) as writing Wealth-Lab script. This leaves one with
> a choice of use TS for optimisation work and let the system run for
> several days, use Welth-lab or write a dll.
>
> I surmise that the next generation of trading tools are likely to
> expect the user to write his indicators/systems in C#
>
> Herewith an example of code for a CCI indicator (for a public domain
> system to released in the next few months) - if you neglect the
> "system wrapper" what could be simpler? This public domain system
> should make TS an irrelevance.
>
> using System;
> using System.Reflection;
> using System.Windows.Forms;
> using System.Diagnostics;
> using Tradevec.Base.Data;
> using System.ComponentModel;
> using System.Drawing;
> using Tradevec.Base;
> using System.Drawing;
>
> [assembly: AssemblyKeyName("")]
>
> [Description("This Indicator plots Commodity Channel Index")]
> public class CCI : Indicator
> {
> #region Output parameters. Don't include in this region any code
> except output parameters
> [Output("CCI", Style_Line, Region_NewOne, KnownColor.Red)]
> public double Plot1;
> [Output("CCI Long", Style_Line, Region_NewOne, KnownColor.Blue,
> PriceBox=false)] public double Plot2;
> [Output("CCI Short", Style_Line, Region_NewOne, KnownColor.Red,
> PriceBox=false)] public double Plot3;
> #endregion Output parameters
>
> public void Main
> (
> [Description("Bar Series")] BarSeries Bars,
> [Description("Length"), DefaultValue(20)] Int32 Length,
> [Description("CCI Long"), DefaultValue(100)] Int32 CCILong,
> [Description("CCI Short"), DefaultValue(-100)] Int32 CCIShort,
> [Description("CCI is in overbought territory"),
> DefaultValue(false)] Boolean CCIOverboughtAlert,
> [Description("CCI is in oversold territory"),
> DefaultValue(false)] Boolean CCIOversoldAlert,
> [Description("CCI has crossed over zero"),
> DefaultValue(false)] Boolean CCICrossedOverZeroAlert,
> [Description("CCI has crossed under zero"),
> DefaultValue(false)] Boolean CCICrossedUnderZeroAlert
>
> )
> {
> if (Bars.Count <= Length)
> {
> Plot1 = Plot2 = Plot3 = 0;
> CCISerie.Add(Plot1);
> }
> else
> {
> Plot1 = Functions.CCI(Bars, Length);
> CCISerie.Add(Plot1);
> Plot2 = CCILong;
> Plot3 = CCIShort;
> }
>
> if (CCIOverboughtAlert && Plot1 > Plot2)
> Alert("CCI is in overbought territory");
> else
> if (CCIOversoldAlert && Plot1 < Plot3)
> Alert("CCI is in oversold territory");
>
> if (CCICrossedOverZeroAlert && (Plot1 > 0 && CCISerie[1] <= 0))
> Alert("CCI has crossed over zero");
> else if (CCICrossedUnderZeroAlert && (Plot1 < 0 && CCISerie[1]
> >= 0))
> Alert("CCI has crossed under zero");
> }
>
> private SimpleNumericSeries CCISeries = new SimpleNumericSeries();
>
> }
>
>
> ----- Original Message -----
> From: Manset01
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Monday, February 20, 2006 11:16 AM
> Subject: Re: [EquisMetaStock Group] What do you think about Wealth-Lab ?
>
>
>
> Hi,
>
> A friend of mine who is a professionnal programmer (for trading, he
> both uses TS and MS) has tried Wealth-Lab.
> He told me that /for traders/, their language was crappy, unnecessarily
> complex and extremely cumbersome.
>
> I would like to have some other opinions.
>
> Regards
>
>
>
> David Jennings a écrit :
> > You shouldn't believe everything you here. If you have a trawl thru
> > the shared scripts you will be able to see the sort of thing that it
> > is possible to create which one would need to write dll's for in
> > Metastock or TS. There again complexity isn't everything.
> >
> >
> > ----- Original Message -----
> > From: Manset01
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: Monday, February 20, 2006 9:38 AM
> > Subject: [EquisMetaStock Group] What do you think about Wealth-Lab ?
> >
> >
> >
> > Hi,
> >
> > It seems to be a powerful software but I was told their langage
> > (WealthScript) was unyielding,
> > awkward and very difficult to learn...
> >
> >
> > Regards
> >
> >
> >
> >
> >
> >
> >
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