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Peter,
I'd like to second what you have said. There will always be limitations
and bugs to software. The Omega product I use SuperCharts V.4.0 is
extremely useful for my purposes. But where I find something I can't do
with it I am not mortally defeated or enraged at Omega. I guess where you
can complain about Omega is their Monopolistic Approach to business - scam
artists I do not think they are.
I am sure most people realize there will always be gray areas in trading
and nothing is ever perfect and software is but a tool.
David Hunt
http://adest.com.au
----------
| From: Peter 2150 <Peter2150@xxxxxxx>
| To: Omega-list@xxxxxxxxxx
| Subject: Letter to Neal Weintraub re Mark's letter
| Date: Saturday, April 18, 1998 11:22 AM
|
| Hi Group
|
| Since some that Mark Browns comments to Neal Weintraub were worth
| posting here and implied that Omega was running a boiler room scam, I
wrote
| Neal Weintraub a letter commenting. Thought I'd post it here.
|
| Pete
|
| Neal
|
| I am writing because I saw a post of Mark's refering to Omega's
boiler
| room marketing. In turns of cleaning up the industry from scam artists,
yes
| there are a bunch, but I have a hard time fitting Omega into that
category. I
| use Tradestation 3.5 and have been very happy with it. I have 4.0 in the
| closet, but haven't yet bothered with the update. The only thing I can
see at
| all and I know its what Mark is upset about, is that one of there big
selling
| points is the *system* features, which sort of imply one can automate
trading.
| I'd like to comment on this, but if there is something else they are
doing I'd
| be curious what it is.
|
| Yes they sell system's ability, and yes Mark is right there are
| problems from a perfectionist view point. But whoever uses a tool, be it
a
| hammer, computer, software, whatever, must must must understand his
tools. I
| have worked a lot with large scientific computers, complex oil field
| processing software, and PC's since their inception. My experience
leads me
| to several truths as related to Tradestation or any other program.
|
| 1. Any Easy Language program writen potentially contains bugs.
| 2. Easy Language and Tradestation contain bugs, because all software
does.
|
| I repeat - all software probably contains bugs.
|
| 3. Hardware can cause error's. Aside from the hoopla about the famous
Intel
| Pentium bugs, I have actually seen math error's occur and get worse as
| hardware
| degenerates.
|
| 4. Data can be bad.
|
| All of these are problems the trader using any software, and
hardware
| needs to be aware of so he needs to monitor his system, and make sure
signals
| make sense. This is the price of having these tools.
|
| I know Mark would say Omega is aware of these bugs and has ignored
them.
| Well maybe, but I worked more a major Oil Field Service company, which
wrote
| all its own software. Many times serious bugs were found, but it just
wasn't
| economical to find and fix them, and they didn't. Be no doubt that Omega
and
| any other company, faces those same decisions. It would do us no good to
have
| Omega or any company make the decision to try and stamp out all bugs and
the
| cost of product development, and have them go out of business. There is
a
| real world reality. Yes there are problems with Tradestation, but I
can't
| buy anything else as good for the money, soo..
|
| Neal I'd be curious about your thoughts on this. Meanwhile
there
| are plenty of solution providers, who really are scam artists sucking in
the
| traders. Go get those guys.
|
| Pete
|
|