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Re: TS5 Press Release: Did we miss something?



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Ron,

The real problem may not be TS, just like you say.  I'm sitting here wondering.  If
these problems are really true, then is my data correct?  Is my serial port
buffering corrupting the data?  Is my computer configured properly?  Is mine giving
me correct signals?

In short, with the absence of any checks and balances, each vendor is free to claim
that the real problem is the computer, the data, the software, or whatever else it
is that they *don't* supply.

The net result is to have a very expensive piece of software whose results can't be
trusted.  Yeah, sure, it's not the fault of Omega in every case, but in the final
analysis, if their software can't be depended upon to do what it is supposed to,
then it is certainly their problem.  Anything that impacts TS's ability to perform
dependably is ultimately Omega's problem.  It is in their best interests to take the
necessary action(s) to make it produce consistent results anytime or anywhere it is
used.  They only have two choices - either assume the problem exists and provide
some check on it - some way for the user to identify the existence of a problem, or
remove the problem.  Maybe they have to supply data.  Maybe they have to instruct
people to configure their computer.  Maybe they have to supply the computer!
Whatever. (Isn't DTN vertically integrated?)

Omega's only advantage is that any competitor will ultimately face the same
problem(s) if they aren't vertically integrated or able to find some other way
around this "third party" problem.

It may not be Omega's responsibility in a legal sense, where data is corrupt, for
instance, but if the s/w produces results that can't be trusted (no matter what the
reason) they become mortally wounded just the same.  Underestimation of customers'
confidence in a product such as this is fatal.

It is like Boeing saying that they have a great new jet.  Fuel efficient, high tech,
maximum passenger comfort etc.  Oh yeah, one thing - it may or may not fly on a
windy day.  "We can't expect to control the wind can we?"  Who's going to buy that
plane?  Not any airline that wants to stay in business, that's for sure.

Omega, master marketer that it is, should understand better than anyone that
perception is reality.  Perception is a double edged sword.  It got them to where
they are, and their future is totally dependent upon it.

The markets are difficult enough.  You don't want to enter the ring with one hand
tied behind your back, do you?  You gotta *know* that it's doing the job.

-Alan

Ron Augustine wrote:

>
> Your problem may or may not have anything to do with TS, but you would need
> to do a lot more research if you expected anyone to accept and believe your
> claims.
>
> The two data feeds could be supplying different data; the serial port
> buffering on each computer could be different and thus corrupting the data;
> the configurations of the two computers could be different (probably are)
> and this could cause a discrepancy, etc., etc.
>
> First, you would need to verify that the data in each of the two data bases
> are identical-- tick-by-tick.  Assuming that is the case (doubtful), you
> would need to eliminate each of many other variables before your assumptions
> could be considered to be accurate.
>
> If you believe you can develop a trading system that will consistently trade
> the market profitably (most can't), your time might be better spent
> developing a system that is robust enough to deal with the vagaries of the
> markets, as well as those of the computer and the data-feed that you're running.
>
> As it stands now, your charges leveled at TS are a cheap-shot, but they will
> be music to the ears of a few on this List.
> _____________________________________
> At 08:08 PM 10/2/98 -0400, you wrote:
>
> >For example, I get a signal to initiate a position on 1 bar. On a friend's
> >computer running the same system, that signal might come up one bar
> >later...or under certain circumstances, it might come up 1 bar earlier (in
> >which case, my signal is late)...or under certain other circumstances, it
> >might not show up at all...and uncer certain circumstances, he gets the
> >signal and I don't...
> >
> >And the same shit happens on the exit signals. He might  get an exit signal
> >while I get a reversal or vice versa.
> >
> >And, using the same system, on the same verison of TS, on the same data (one
> >emails the other the data for use on a test computer), with the same inputs,
> >we get a different system report. I might get a report showing a 60% winning
> >percentage, he gets 62%. I get a ratio of win to loss of 4.02, he gets 3.96.
> >I get a profit factor of 4.1, he gets 4.2.  I get 187 trades, he gets 177.
> >HOW IS THIS POSSIBLE???????
>
> >