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Hi, (responses 10 of 1000)
I spoke to someone on the phone last week that had spoken directly to
"The Code". It seems that the code is leaving Omega behind and will be
turning to other software systems, (ie, maybe Ned Davis, Bridge, etc
super Computer systems) for his trading systems. This person stated
that he had found the Omega system too limited in scope and function to
fully develop his trading and software ideas.
This person stated that "The Code" was cleaning off his hard disk system
and was dumping usefull systems onto the Omega List to expand discussion
of trading systems. In fact, it seems, that all it did was to start a
new argument amoung members as to who should or should not post systems
on the list.
In speaking with several independent traders via telephone who are
members of this list, they were asking "What the Heck is going with the
list?" "Are these a bunch of crazy people back stabbing anyone who
wants to help them?" "Whats with all of the systems?" "Have you tried
any of them, will they make you money?" "I can't understand why someone
would want to give all this stuff away with charging me for it?"
In fact, I recently posted a system myself and received very few (10)
comments about the system or how it works? While this is not a complete
poll of the list, it does seem stange that we have so many on the list
(I been told over 1,000) and very few messages from the vast majority of
these people.
>From what I can tell about the omega list, there are between ten to
twenty vendors, ten to twenty futures traders, five or fewer stock
traders, and the rest I haven't figured out why there on the list. It
would seem a waste of time for them to be included.
Outside of "The Code's" recent posting, I believe there is nothing on
this list of interest to me. Seriously, folks, if you want to improve
on your trading (or investing) or what ever you are doing with the Omega
software system, open up, express yourself. You will never learn by
setting in your chair reading my dumb messages.
Now in my work over the weekend, I discovered a new technique from
reading a trading method. I coded the indicator, modified it inside
out, made it variable, indicate if the market is trending or not, when
to buy or sell, and when to exit. All within a simple two page
indicator.
After plotting it on five minute bars for about 60 stocks, it looks like
a very strong winning system. I will turn it into a trading system
tomorrow, and be ready to intraday trade on wednesday. But I see the
list of no value in developing / thinking out loud / discussing systems
because of the nature of this omega list.
Is there so little original thinking on this list that we are afraid of
sharing our information with others that my little tiny idea will be
"stolen" and published as a professional trading system by one of the
vendors.
Good bye "the Code". You will be missed. Your recent messages have
been the only "light" on a otherwise dull and dreary email list. I
wonder how many messages we can answer concerning trival problems about
Windows 95, Security Block, NT, data feeds, etc, while avoiding the
serious questions about what works and does not work within trading
systems.
Have a happy pizza,
RT
PS: The survey results are only ten have inquired about the NYSE BO
system. Now to you ten, let this be the start of something big and
wonderful, not because of the system that I shared, but because we have
ten questioning minds that want to press on.
PSS: Now I use now at the start of my sentences, but I am not the
Code. Now how about them Apples.
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