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I think it has to do with believes as well as with markets, but I have
tested the ready made systems provided by Omega. From what I can see, none
of them can be used to trade profitably without a lot of tinkering of your
own.
I think that is typical what you have to expect from the Omega suite,
nothing you would expect to work works effortlessly without extra effort
from yourself, so expect it to take time.
> -----Original Message-----
> From: WallStInvestor@xxxxxxx [mailto:WallStInvestor@xxxxxxx]
> Sent: Monday, December 13, 1999 5:52 AM
> To: omega-list@xxxxxxxxxx
> Subject: New OR user with important questions, please reply :-(
>
>
> Hello Omega-List subscribers,
>
> My name is Michael Christian,
> my voice mail pager #1-888-605-4821
> my e-mail address is: WallStInvestor@xxxxxxx
>
> I am a new Prosuite 2000i novice user from NY. Have had the
> program for about
> 5 months, went to OmegaWorld, trying to learn as much as I
> can. Purchased
> great 1000mhz (Dual P3 500 mgz) Dell 4 monitor system using
> real time BMI
> Satellite data. Have OR Radarsceen on 1 monitor, Tradestation
> charts on
> another, RediPlus (SLK) execution on 3rd and Netscape up on
> 4th (usually
> scanning stock related boomarks and AOL).
>
> Have had some difficulties....
>
> To give you some idea of where I'm coming from, here are some
> questions I've
> posted on the STAD forum:
>
> Question #1: Is it unrealistic for me to truly expect systems
> or indicators,
> from Omega or elsewhere to provide me with methods as stand alones or
> incorporate into systems that I can write myself, to use in
> the 2000i suite
> to help me generate consistent daily profits. Is 2000i better
> for long term
> holds? Or since I can set the data compression at 1 tick to 1
> year can the
> suite be used for short term? For example, by using
> Radarscreen, with 4 sorts
> (please recommend) updated every 10 ticks or 1 minute in
> combination with a
> Tradestation chart or Tracking center alert can I find the
> best stocks to
> trade and when to trade them?
>
> Question #2: Is the 2000i suite & the various indicators
> appropriate for Day,
> Swing & short term trading? Or is it, and the various
> indicators & "systems"
> really designed for long term systems? If anyone feels that I
> can use 2000i
> to improve my short term and daytrading positions can you
> express in your
> opinion which indicators,systems, paint bar or show-me studys
> are most
> appropriate for intraday & short term entrys & exits?
>
> Question #3: In your opinions, what would you say is the
> average "incubation"
> period for most people to get comfortable with 2000i? I mean,
> how long does
> it take to learn all the features and begin MAKING MONEY with
> the product? I
> have come to realize that perhaps it may be as long as 1 to 2
> years to really
> learn it thoroughly. At least with the part time effort I can
> apply to it. I
> haven't programmed since college, and am not afraid of EZ
> Language (am I
> being niave?), but as I read the ads for some of the Omega Solution
> Providers, who advertise that they can shorten the timeframe
> to learn and
> apply the program, it is clear to me that the time to learn
> enough about the
> program to make money with it is longer than I initially
> thought. Which is OK
> as long as there is a pot o' gold at the end of the road. But
> since I am
> making payments to Omega for the product and payments for the
> BMI data feed
> and would like to begin recouping my investments in HW & SW
> for this and turn
> a negative cash flow into a positive cash flow (like any
> business), I'd like
> to project how long I should consider is realistic. I guess
> the 30-day Free
> Trial period that Omega offers should really at least 6
> months, But I know
> that won't fly!
>
> Hopefully, with all your inputs and replys, I can get some of
> these questions
> answered.
>
> Thank you,
>
> Cordially,
>
> Michael Christian
>
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