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Steve - The last Omega product I used was TS 4.0. I still use it
occasionally until TradeLab's backtesting capabilities are finished beta
testing. I do not own TS2ki so I couldn't personally make a comparison.
The first thing I would suggest you do is to spend some time at the TradeLab
website. It goes into features in lots of detail. Then I would download
the four TradeLab help files, which are available for free. Again, there is
a tremendous amount of information there. I think you will agree there are
lots of differences. Bob Brickey, TradeLab's primary developer, recently
made an applicable comment on the TradeLab list and I am coping it
immediately following.
> P.S. I must admit that when I first started pouring over
> the TL and LabLibrary websites, I was awe-struck by the
> exhaustive attention to detail, the planning and forethought
> that has gone into this package. It is truly a marvel of
> trading software design. It's capabilities (and planned
> capabilities) extend so far beyond the current crop of
> programs that any comparison between them seems ludicrous
> to me.
Thanks for your comments. The TradeLab design was aimed primarily at the
needs of those who, either because of practical trading experience,
intelligence or both, know that the naive methods used by most traders and
supported by most trading software don't work. TradeLab can be used by
traders expecting to win with those methods, just as other trading software
can be. The difference is that after losing a lot of money with naive
methods a TradeLab user can advance to more sophisticated methods without
having to invest in new software.
Jim Gavey
<http://www.Trading-and-Investing-with-TradeLab.com>
On October 28, 2000 at 12:04 PM sptrader wrote:
Jim, I guess what most traders would like to know, is what can TL do that
TS2ki cannot do ? (other than fancy cosmetics)
Steve
----- Original Message -----
From: "Jim Gavey" <Jim@xxxxxxxxx>
To: "Mark Brown" <markbrown@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Friday, October 27, 2000 6:35 PM
Subject: RE: Re[2]: TradeLab Software
> Hi Mark - I'm not sure what your objective is but I will try to answer
your
> questions.
>
> Of course TradeLab can plot tick bars of any size. I tried to post an
> attachment here a couple days ago that showed that but was unsuccessful.
At
> BobR's suggestion I posted several charts to the RealTraders list. One
had
> 10 tick bars of the ES0Z in price line plot mode and another was 1,000
tick
> bars of the same ES0Z in fancy candle stick mode.
>
> The UMDS does not now have a real database. That is the primary reason
why
> TradeLab was delayed in being released. TradeLab now comes with TLData
(and
> TLData is available free to those who want to start their database before
> purchasing TradeLab). In Version 2.0 tick data in many formats, including
> directly from the Omega 4.0 database, can be imported into TLData for use
> with TradeLab (and possibly in the future with other programs).
>
> I can attest to the fact that TradeLab looks almost nothing like it did
two
> years ago. My license is dated 10/3/98. At that time and before then,
> TradeLab was a few module add-ons to TradeStation. Today, TradeLab is a
> sophisticated revolutionary trading and investing software program.
>
> Jim Gavey
> <http://www.Trading-and-Investing-with-TradeLab.com>
>
>
>
> On Friday, October 27, 2000 at 12:15 PM Mark Brown asked:
>
> Hello all,
>
> if fact does tradelab even have the capability to make a tick bar
> chart? i know it can do single tick by tick charts - but i have not
> seen anywhere that allows tick "BAR" charts - example 5- 20 tick bar
> charts.
>
> also since tradelab uses the uniserv ver 2 i guess tick data can not
> be pasted into the data base in case of a crash? very precarious
> indeed if that is the case.
>
> give the slow progress of bob brickey and what he can singularly
> accomplish - i remember he was charging beta testers 1000.00 to beta
> tl and now he wants to charge 2000.00 per year for tl while he has not
> finished the most basic thing would need in a program - backtesting -
> optimization and data maintenance " thats better that one paste at a
> time " if this is even doable in tl.
>
> i have concerns about his ability to deliver since this seems to be a
> pay as you go program. if i were considering it and i am - i still
> have considerable doubts. just because the web site is now filled
> with gee whizzzzz stuff the program still looks like it did years ago.
>
> good luck in this vertical market. i'm sincere it! mark
>
>
> B> Jim, does TradeLab software have the capability of optimizing a system
> based
> B> on tick bars by varying the number of ticks per bar?
>
> B> Thanks,
> B> BobR
>
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