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I think it boils down to- the people making money in the markets are happy
with Tradestation and the ones losing money blame TS for their losses.
Steve
-----Original Message-----
From: Jim Cox <cayenne@xxxxxxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, October 02, 1998 4:21 PM
Subject: TradeStation
>HMM...
>
> So much Omega bashing. First of all, please let it be known that I am not
>a particular fan of the Cruz Bros., and this goes back five years or so
>when Bill called me personally to explain why I had to pay $500 per year
>just to continue tech support. Arrgghh!!
>
> And I don't even portend to understand the Y2K prob and why Omega has not
>provided a fix for it.
>
> What I DO KNOW is that there is NO other charting program available at
>this point in time that allowed me to write my own indicators that allow me
>to consistently win, day in and day out. What I think I hear is a bunch of
>crybabies who want their cake and eat it too, i.e., please let me write a
>system that takes all the work out of trading so all I have do is follow
>the little arrows and make a ton of money. And when that doesn't work,
>blame no one but Omega.
>
> C'mon! You really think that with your $2k PC and a $2K piece of software
>you are going to be able to purchase or develope a "holy grail" trading
>system? You suppose all the big houses on Wall and LaSalle streets never
>heard of TradeStation, but you and your "backtested" system is going to
>beat them at their own game?
>
> Duh!
>
> It's NOT going to happen! Period! No way, no how. Just understand...there
>will be NO TradeStation "System" that is going to work on everyone's
>computer. The technology for that has just not been developed, and I
>sincerely doubt it will ever be developed...especially on the PC platform
>as we know it, Omega or not.
>
> Do I think Omega misleads people when they tout their backtesting and
>system capabilities? Of course I do! That ad in Futures Magazine featuring
>that Allon character is nothing but BS...I know that guy. And that woman
>that is on the CNBC TV commercial touting TradeStation and how she made
>money ONLY going long in the stock market...c'mon!
>
> What is TradeStation then? What it is is an incredibly powerful charting
>program that allows and provides traders with a presentation of indicators
>that DOES allow them to successfully trade them. Coming up with a
>methodology using their indicators takes WORK!. But it can be done, and I
>have not found a better platform than TradeStation to trade my indicators.
>I would be lost without it...so I hope that Cruz et al will come up with a
>Y2K solution...if they don't, I'm sure someone else will.
>
> So quit the Omega bashing! Go to work and develope your own indicators and
>methodology using TradeStation and become a successful trader! Believe me,
>it CAN be done.
>
> The answer is out there. And success in the markets starts with
>TradeStation...period. At least for now...
>
> Regards,
>
> Jim Cox
>
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