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RE: How about a REAL useful TS 5.0 feature - Come on OMEGA !!!


  • To: "K1JJ@xxxxxxx>
  • Subject: RE: How about a REAL useful TS 5.0 feature - Come on OMEGA !!!
  • From: "Roger E. Wolf" <rowolf@xxxxxxxxxxxxxx>
  • Date: Sun, 15 Feb 1998 22:49:25 -0800 (PST)

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Agree totally -- Omega -- how about a little more room on the right...this was going to be "included in 4.0" but obviously didn't make it.


Regards,


----------
From: 	Tom Cathey
Sent: 	Saturday, February 14, 1998 4:10 AM
To: 	omega-list@xxxxxxxxxx
Subject: 	How about a REAL  useful TS 5.0  feature - Come on OMEGA !!!

Hi Everyone:

This commentary is partly directed to Omega's development dept., but maybe
someone here can help....  I hope 5.0 is not cast in stone yet!!!

I've been using Omegas's stuff since System Writer in 1988...maybe one of
Bill's first few clients. He used to even talk on the phone on a regular
basis to us before the recent big $40 million payday score.

Anyway...there is one feature I've been asking these guys for years to add
to their products. I hear "yeah, yeah, it's in the next upgrade"... but
never is. 

It seems that everyones' so caught up in optimization and Disco Duck system
testing these days that they have forgotten that forcasting is really a
look into the probable future.  

(BTW, "Optimized Mush" is a whole other subject, but we must all learn the
hard way sometimes-  Bottom line...just take a look at your account balance
after just six months of that stuff in real time)

The point I'm making is why don't they have an option to leave a little
space to the right of the chart so that you can text in a few comments,
cycle points, or whatever into the FUTURE?  It could be called an "extend"
feature and would simply be a matter of adding a user input  factor like
.25 to tell the chart to leave 1/4 of the space to the right blank, etc. 

I have written my own software in Turbo Pascal, and it's such a relief to
look at a chart that is not crushed all the way to the right edge. It's
really a psychological restriction not to be able to visualize the future
with some blank space, believe me. I've been trading for 18 years, and am a
full time profitable trader...mostly descretionary and intuituive. I would
gladly trade all this useless optimization, system and other crap JUST for
a little space to the right of the chart that lets you text in some turning
points and comments.

If it weren't for the ability to write a few custom indicators and do the
real time server thing, I'd have dropped this TS like a hot poker years
ago....totally based on this one missing feature.  I mean, most ALL the
other programmers out there understood the need to have space to the right.
Maybe it's because other trading programs were written by REAL traders at
one time. Whereas, I seem to only recall Bill Cruz SELLING systems.
(remember the Taurus system from the middle eighties?)...and always said he
never trades the markets. I can see it in the program.   I become very
suspicious of anyone who spends his life being exposed to every system out
there, the best programmers in the world, and never trades....for good
reason.

It does tell you the truth, however.  There is a way to make money trading,
but probably 1% or less have figured out how it's done. AND...the answer is
not to be found in a OPTIMIZED, computerized system, believe me.

ARE YOU OMEGA GUYS LISTENING ?    Maybe your employee stock options will
increase in value a little if you add this new "extend" feature. I am tired
of waiting for it and have finally run out of patience after seeing all the
time and effort you guys spent on these so called "improvements" to 4.0.  

In the meantime I have discovered a primitive way to add a little space on
intra day charts by fooling around with the data2 field, but not using
daily charts. Does anyone know of a trick to pull this off with the
existing program?  

And get this....in 3.5 I was able to put in a DOS date a few months in the
future to fool the off-line server and get some blank space- But NOW with
4.0, the friggin thing says my password has expired!!!  This really bites
the big one.

BTW, someone commented about OptionStation. I have a friend who purchased
it and  I got to use it for a few days myself. Maybe if I don't hear a
positive response to my long awaited request, I may tell the REAL truth
about it too.

Let's see how responsive they are these days.


Good luck with trading everyone!

Tom Cathey


* I do not sell anything...just trade my own private money, thank God!