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Tradestation is a good idea that when programmed to preform reliably could
be a VERY useful tool. The only real advantage TS has over every other
product out there is EL (backtesting) and strategy monitoring. Take that
out and you've got just another plain charting package. So you buy TS
because of the automation and programmability and that above anything
demands reliability. You trust Omega to make sofware that does not only
what they it will do but is reliable enough to make money yet with these
defects it often fails to do even that.
If you're going to sell automation like Omega did then you had better make
it reliable because anything less is just plain dangerous. For instance, I
have problems where an indicator run in a study and the EXACT SAME indicator
plotted produce different results. One produces a signal the other does
not. When you're trading a lot of money that doesn't offer a whole lot of
comfort. When your TS grinds to a complete stand still because you tried to
edit a bad tick (which you system may churn out a bad signal on) during a
period when data was coming through moderately fast, and you had a 2000
share or 10 lot SP position on, how would that make you feel as you rebooted
you machine? Not only do you loose data (which your system depends on) but
you have to shut your system down to reboot.
When stupid errors like the toolbar dissappearing (which I had happen to me
recently) happen and require a complete reinstall which could potentially
LOOSE all my EL code or data if I don't do it right, then I get nervous. Or
how about when you can't change workspaces because TS is locked up on the
open handling ticks or you can't see your charts because a dialog TS can't
clear is blocking your chart view. Or how about when TS locks up and
refuses to generate system signals until like 15 minutes after the signal
was generated. These are all things that intefere with Omegas basic promise
to consumers -- to deliver a packake that is reliable so you can trade
profitably. A package that crashes and hangs and miscalculates unexpectedly
only looses money.
To say that TS is worth 20,000 is ignoring the fact that the poor
programming and unaddressed defects in SP5 can cause you to loose that
amount and more easy. It's demanding enough to a put a winning system into
production (with the bad data and all) let alone having to worry if your
trading software will even execute it correctly. It also ignores the fact
that there's little excuse for omega not to have fixed these issues by now.
We trusted Omega when they told us there software would do these things and
they haven't completely kept their end of the agreement. They may not have
fixed them simply because they want people to have a reason to move to TS
pro. Either way, it's seems to be a breech of contract.
If you haven't experienced these problems yet and you love Omega, then you
probably aren't using these buggy features of Tradestatin in realtime
everyday.
> -----Original Message-----
> From: Phil Schuch [mailto:lists@xxxxxxxxx]
> Sent: Wednesday, February 14, 2001 7:29 AM
> To: Omega-List
> Subject: AW: TASC Review of Tradestation Pro
>
>
> Congratulations! You are one of this guys who should no be able to use or
> purchase TradeStation. Certainly you have no idea what to do with such a
> tool. It is like a knife. You can use it for a good outcome or
> you can kill
> yourself in using it. That is what I mean.
>
> From my point of view; TradeStation should not be sold for less than
> $20'000. Even this amount would be too cheap for this piece of Software.
>
> I stop here; we better go to use the tool than writing this kind of mails.
>
> Regs
> Phil
>
>
>
> -----Ursprüngliche Nachricht-----
> Von: M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
> Gesendet: Wednesday, February 14, 2001 1:46 AM
> An: Omega-List
> Betreff: TASC Review of Tradestation Pro
>
>
> Wow - the product is just out of beta and it already got a review !
> A great one.....that indicates absolutely no shortcomings in the product.
> It's "perfect".
>
> Get this statement: "..Tracking a TSG product is akin to tracking a
> ballistic missle..it's position changes constantly. TSG tracks these
> changes.....blah, blah, blah"
>
> Hey, but what about us poor TS2000i suckers STILL waiting for SP6 after 9
> MONTHS...and still dozens of reported bugs ???
>
> "Another neat feature: you can have several trading systems running on the
> same chart...."
>
> Uh, isn't that the LITTLE thing Omega FORGOT to put into TS2000i ?
> (attention to detail, attention to detail)
> Thus with just several active strategies running with multiple "cloned"
> charts requires a CRAY COMPUTER to do anything ?
>
> "TSG more than doubled the size of it's Engineering staff...."
>
> Anyone gotten ANY decent responses from tech support about TS2000i bugs
> related to lost menu bars and/or lost performance reports that require a
> full re-installation all the way back to the original CDs ?
> I think there's only 1 guy in tech support and he doesn't know what he is
> doing.
>
> All in all, great review.
> You'll feel great about it...unless you've spent $3000 on TS4 and then
> another $2000 on upgrading to TS2000i.
> I know Larry Williams will love it....he's still using SystemWriter !!
>
>
>
>
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