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Once again Mark Brown offers a fount of misinformation.
Inaccuracy#1 - I did not write an article about the Bouncing Ticks and
Trailing Stops.
Inaccuracy#2- Neither the Bouncing Ticks feature nor the Trailing Stops
feature is a bug. However, if used carelessly the results may be unreliable.
Inaccuracy#3 - I have never, and I doubt that Murray Ruggiero has ever
posted system results that are inaccurate as a result of either of these two
features.
Inaccuracy#4 - I have not defended Omega in any way regarding either of
these two features.
Before you attack someone at least get your facts straight. Oh, and buy the
way, you might want to learn how to use the product correctly before you
start trading. Even someone with an ego as big as yours can sustain self
inflicted wounds.
Finally, if you want to avoid being really embarrassed, use a spell checker.
It will find that you misspelled the following words.
that that
resonable
reprensitive
possesion
continiued
claming
At 10:07 AM 5/11/98 PDT, you wrote:
>
>Dear Mr. Bill Brower , Mr. Murray A. Ruggerio Jr., Mr. BillCruz, Futures
>Magazine please make a note of the following statements concerning your
>recent magazine article.
>
>
>I read your article on "The Bouncing Tick" problem in futures magazine.
>I deciphered from the article that lesson to learn is that that trailing
>stops are to not be used if someone wants face reality. If this is the
>case then I wonder why you didn't just say so, outright. Can you
>honestly condone the use of the built in trailing stops for any reason?
>Would you make a clear yes or no statement on this for the record? I
>also wonder if you who are supposedly not under employment by Omega
>Research could determine that the bouncing tick setting in TradeStation
>needed to be set at 50%. Then why I wonder didn't Omega make the
>factory setting default 50% instead of 10% like it is? I would like to
>quote your statement on this you made in the article. " These
>assumptions are resonable but not reprensitive of reality. If we want
>to better emulate reality, we want to use a "bouncing tick" of as much
>as 50% or, better yet, never test both entering and exiting a stop on
>daily bars" end quote. In the above quote you state that the
>assumption is reasonable, how can the assumption be reasonable if the
>assumption is wrong and has caused people to loose money? You go on to
>state "reasonable but not representative of reality" come on which is
>it. Please quit the double talk and tell it like it is. The trailing
>stops are a scam that has been used by vendors such as you and others to
>falsify system results into looking better that can be replicated in
>real life trading. This whole article is a cover up to explain away the
>misleading software bug that has plagued many of Omegas users and even
>some vendors for years. It is a shame that no one will step up and take
>responsibility for this wrongdoing. No! instead you and Omega would
>have the general public believe its all their fault and that we are all
>some disgruntled, inexperienced users that have caused
>somehow by our on doing this disaster that has fallen upon us! I say
>even to you that you yourself didn't buy the product and read the
>manuals and then set out upon a perfect system building path of trading
>glory, else you would not be peddling goods to the general public.
>Which BTW some of your early works which I am in possesion of
>use the percent trailing stops, so it is evident to me at least that you
>didn't always know of this problem yourself. The fact remains that
>Omega Research has allowed the continiued use of the trailing stops by
>keeping it in the software, has purposely left the default settings at a
>level even your self have condemned, and has never made a public
>announcement or an attempt to stop the misuse of this bug in the
>software. What a disgrace that the best Omega can do is to get you and
>Futures magazine and Reggiero Jr. to come running to their defense
>claming operator error. I am even embarrassed for you myself.
>
>Copies to the CFTC, NFA, Omega, Futures magazine, Ralph Stone attorney
>suing Omega.
>
>mailto:enforcement@xxxxxxxx <<<C.F.T.C.
>
>mailto:public_affairs@xxxxxxxxxxxxxxx <<< N.F.A.
>
>mailto:Tenbfive@xxxxxxx <<< Ralph M. Stone attorney suing Omega
>
>mailto:OfficeOfThePresident@xxxxxxxxxxxxxxxxx <<<Bill Cruz
>
>I would urge anyone who has been damaged by this bug in Omega's software
>and feels that Omega has purposely withheld this information from the
>public for its own profitable reasons to contact the proper entities
>above by just clicking on the mailing link above. Also if you believe
>that Omega research should be made to register as a C.T.A. so that they
>may be held accountable for the misrepresentations that they continue to
>allow in their software then please write the N.F.A. a letter of
>concern. Most recently in a magazine advertisement Omega displayed a
>system that showed system results using the trailing stops set at 10%,
>this is evidence of their blatant misleading the public. Some must step
>forward and make them stop taking advantage of the unassuming public.
>
>
Best Regards,
William Brower
Publisher of TS Express
The Journal for Informed Users of TradeStation
Free Sample Available (Send Mail Address)
Email: 1000mileman@xxxxxxxxxxxxxx
Web: http://www.insideedgesystems.com
Tel: 203-454-2754 Fax: 203-221-9195
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