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This is a great product. The guy who who invented the product is now
trading a sizaable portfolio. I have seen traders make money because you can
trade and money manage an entire portfolio. When this product you can toss
TS and merely use the Net for quotes. This product is not for Day Traders.
It is more for traders who understand and wish to grasp the importance of
portfolio management. I have a profile of a trader who uses Trading Recipes.
No, folks, he is not in the seminar circuit. And I have all his trading
statements. And the good news you do not have to learn a new trading
language.
-----Original Message-----
From: W. Lawson McWhorter <lawson@xxxxxxxxxxxxx>
To: Omega Mailing List <omega-list@xxxxxxxxxx>; tabanna
<tabanna@xxxxxxxxxxxxxxxxxxx>
Date: Sunday, October 25, 1998 5:11 PM
Subject: Re: Exits and the Holy Grail + "Trading Receipes"
>On Sun, 25 Oct 1998 20:10:36 +0300, tabanna wrote:
>
>>Anyone has experience with program "Trading Receipes" which may lead some
>>close to Holy Grail ?
>>
>>Believe this is a difficult 'clunky' program with outstanding insights.
>
>Trading Recipes is certainly not the "Holy Grail" nor does it have any
outstanding
>insights per se. It is however, in my opinion, the best program for
backtesting on EOD
>data. It doesn't have the flexibility of TS and can only accept daily
data, but it also
>doesn't have many of the idosyncracies of TS. Trading Recipes only uses
daily data,
>so many may not find it of much use. It's most unique feature is the
ability to
>incorporate money management logic on a portfolio level. This opens up
whole new
>worlds and is like seeing in color after seeing only in black and white
looking at single
>tests. I think the Omega "Portfolio Analyzer" will allow you to do similar
things, but
>it seems to be a work-around rather than an elegant solution. Trading
Recipes is a
>DOS program and is "clunky" compared to new windows programs. But it is
also
>lightning fast. I'm mainly a stock trader, so I like to test trading
strategies over
>several hundred stocks. I could care less what the results of INTC or MSFT
are
>individually, which TS can tell me. I want to know what my equity curve
looks like
>when I'm trading INTC,MSFT, and a half dozen other things at the same time,
which is
>what Trading Recipes can tell me in a heartbeat. It is expensive, but for
some people,
>especially more hard-core backtesting types that aren't scared of a little
programming,
>it may be just the thing.
>
>You can request a demo from:
>
>RW Systems
>5757 Westheimer
>Suite 3-239
>Houston, Texas 77057-5721
>(713) 953-7829
>
>Standard disclaimer applies--no affiliation with the company, just a
satisifed user.
>
>Regards,
>
>Lawson McWhorter
>lawson@xxxxxxxxxxxxx
>
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