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Agreed. and I might add the only effective way to back-test options trading
strats with multiple strikes involved is to use a calculated data1...because
many times you are dealing with spreads, etc. that involve more than 1
symbol.....
This idea requires calculating the option price deltas, reloading data into
a bogus symbol. Again, this could be done programmatically IF we could get
the Global Server API !!!
Otherwise, it(Option Station) is a "hand job" !!
> -----Original Message-----
> From: Dennis Holverstott [mailto:dennis@xxxxxxxxxx]
> Sent: Tuesday, March 14, 2000 12:38 AM
> To: Omega List
> Subject: Re: Options Trading System
>
>
> Yup, TS is pretty worthless for testing options strategies without
> getting into a whole coding nightmare. Even if you could find accurate
> data (hard to do), there is a limit to how many data series you can load
> in a chart and you can only trade Data1. So, say your strategy is to
> trade the at-the-money calls, you would need to have many strikes loaded
> in the chart and every trade would take place at a different strike
> (different data series) which would be unlikely to be Data1.
>
> Optionstation? I've never tried it but friends who know options a lot
> better than I say it's a bad joke.
>
> Bob Fulks wrote:
> > You may have to do your own accounting for
> > profitability, etc., since you will need to trade on the data1
> series which is
> > not likely to be very accurate.
>
> --
> Dennis
>
>
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