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Hello Lawrence,
For me (and me only) the "switching costs" would be unacceptable. I
have maybe 100 systems, indicators, etc. that I use in EasyLanguage.
MS would have to present some very significant advantages to offset
that investment in time.
My limited experience w MS suggests it cannot be programmed in the
depth and complexity of TS. If I am wrong about it then at the very
least MS has not done a good job marketing that aspect.
I've attached a system Bob Buran gave away called G-Force. for me it
is a complicated system to code. could it be done in MS? How long
would it take me to learn MS language and then in turn code this
system. Even if it could be done, I don't see the advantage of doing
it.
I'm open to enlightenment however.
{==================================================================================}
{from B Buran. Data1 = 10 min bars, Data2 = 60 min bars, Data3 = 600(daily) bars.}
{takes longs at end of 1st third of day only; takes short anytime before 3:00 PM EST}
{short trades are based on MA crossover (daily) + range expansion (60 min); long is based on
spike pattern in first third of the day.}
{Exit based on penetration of multiple of range average +/- EntryPrice}
{NOTE: short trades were a net loss over 97-98 period. Use system for long only.}
Inputs: SpikTrig(150), LkBck(13),
RngMult(2.5){Range expansion for sells},
SLM(.3);{Stop Loss Multiple of Av Range}
Vars: Spike(0),Time1(0), Time2(0), Time3(0), Time4(0), Time5(0), AvLo(0), Lowestlow(0);
Time1 = CalcTime(Sess1StartTime, 30); {minutes after open to waint until entry}
Time2 = CalcTime(Sess1StartTime, 130); {end of first third of trading day-11:40EST}
Time3 = CalcTime(Sess1StartTime, 260); {end of second third of trading day--1:50EST}
Time4 = CalcTime(Sess1StartTime, 340); {latest time to enter the market-3:00EST}
Time5 = CalcTime(Sess1StartTime, 390); {15 minutes before close-4:00EST}
AvLo = Average(Low, LkBck);
LowestLow = Lowest(Low,13);
{short entry--anytime before 3:00EST}
{If MarketPosition = 0 and Average(C of Data3,3) < Average(C of Data3,9) and Time > Time1 and Time < Time4 then begin
If Range of Data2 > RngMult*Range[1] of Data2 then sell("RExSE") market;
end;}
{long entry--at 11:40EST only}
If Time = Time2 {first third of day} then begin
Spike = (AvLo- LowestLow)/ (Average(Range, LkBck))*100;
If Spike >= SpikTrig and
Close > Close[4] and
LowestLow < OpenD(0){ and
Close > OpenD(0)}then
buy ("SpikeLE") market;
end;
{first third of day exit for short positions; no longs held during this time period}
If Time <= Time2 {w/i 1st time shadow} and MarketPosition = -1 then
exitshort at the ("SLSX1 ") at (EntryPrice + SLM*Average(Range, 10))stop;
{2nd third of the day exit at +/- 1.5 Average(Range,10)}
If Time > Time2 and Time <= Time3 then begin
If MarketPosition = +1 then
exitlong ("SLLX2") at AvLo - SLM*(Average(Range, 13)) stop;
If Marketposition = -1 then
exitshort ("SLSX2") at (entryprice+SLM*average(range,10)) stop;
End;
{last third of the day exit at EntryPrice}
If Time > Time3 and Time < Time5 {w/i 2nd third of the day} then begin
If MarketPosition = +1 then
exitlong ("SLLX3") at entryprice stop;
If Marketposition = -1 then
exitshort ("SLSX3") at entryprice stop;
End;
{last 3rd of day exit 10 15 minutes before close}
If Time >= Time5 {leaves 15 minutes to exit} then begin
If MarketPosition = +1 then
exitlong ("MOCLX") ;
If MarketPosition = -1 then
exitshort ("MOCSX");
End;
{===============================================}
Best regards,
Jim
Sunday, January 14, 2001, 2:04:38 PM, you wrote:
LC> Jim,
LC> Please let me know what you consider important in TS
LC> that keep you using it all the time.
LC> We definitely want to know :)
LC> Incorporating features users really like is very
LC> important to us :)
LC> About metastock language - it has its advantage
LC> because
LC> it is easier for most non-programmers to percieve
LC> formulas as oppose to structured coding. Can't
LC> complain
LC> that.
LC> --- Jim Johnson <jejohn@xxxxxxxxx> wrote:
>> Hello Carl,
>>
>> Every once in while I have the same thought and say
>> "Naaaa!". I just
>> seems to me that nothing else can do all that
>> TradeStation does. nOw
>> if you don't need all that stuff, it makes sense.
>> But my limited
>> understanding of Metastock is hat it doesn't do it
>> all, I'd hav eto
>> learn a new coding language that is less powerful,
>> many commercially
>> available iindicators are not done in Ms language,
>> many free
>> indicators and code ( ala Omega List) aren't
>> available, etc.
>>
>> I haven't communicated with Omega Research in at
>> least 12 months don't
>> so I don't care how they treat customers. It is
>> like social
>> security, if you get something from them, great. But
>> the best route is
>> to independent of them.
>>
>> BTW--I use TS4 on two machines and keep 2000i in its
>> box.
>>
>> Best regards,
>> Jim
>>
>> Sunday, January 14, 2001, 7:05:30 AM, you wrote:
>>
>>
>> CV> It is a shame of course. I am more and more
>> considering a switch to Equis
>> CV> Metastock Pro RT. This company is seen as
>> respecting its customers much more
>> CV> than Omega.
>> CV> Any opinion ??
>> CV> Carl
>>
>>
>> CV> -----Message d'origine-----
>> CV> De : M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
>> CV> Envoyé : 10 January 2001 04:02
>> CV> À : electronicinvestor@xxxxxxxxx
>> CV> Cc : Omega-List
>> CV> Objet : RE: Tradestation Pro made Barron's
>> already !
>>
>>
>> CV> You're just witnessing a bunch of ripped-off and
>> PO'd Omega Research users.
>>
>> CV> We can't get bug fixes to the $4,000 software we
>> paid for and now we
>> CV> understand the company is dropping support for
>> it...only a year after it's
>> CV> introduction !
>>
>>
>>
>> --
>> mailto:jejohn@xxxxxxxxx
>>
>>
LC> =====
LC> Lawrence Chan http://www.tickquest.com
LC> Innovative Analytical Software for Trading Professionals
LC> _______________________________________________________
LC> Do You Yahoo!?
LC> Get your free @yahoo.ca address at http://mail.yahoo.ca
--
mailto:jejohn@xxxxxxxxx
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