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Matlab and MathCad are serious math and engineering
apps. you can't buy an ocx that can replace those.
matlab language is similar to C but specialized.
you can't compare C dev tool with math platforms.
Matlab or Splus are interactive math platforms. you use it
for research. once you are done with your research then
you can hard code your code in C for efficiency.
basically you have to differentiate between a
- trading platform and
- research platform
tradestation is mix of both but it's no match to number crunching
ability of Matlab or Splus. but as same time those are
not adapted to trading.
if you put both together you get the best of both worlds.
and my personal experience is that tradestation is on it's way
of becoming a decent trading platform on which you can depend.
although it doing it very slow. the drawback there is that
tradestation is not yet mission critical application and not yet
fast and dependable enough to be used for high end heavy load
professional trading. it's getting there but slow.
bilo.
ps. i Trad was smart enough they port TS both to matlab and mathcad
and i am sure they'd start picking up some institutional and professional
clientele
FYU, both Matlab and Splus are ported to Bloomberg. this combination is the
standard research platform for top large research and trading firms and high
tech
financial engineering firms. for them tradestation is somewhat an
interesting toy...
----- Original Message -----
From: "Brian" <blink64@xxxxxxxx>
To: "List, Omega" <omega-list@xxxxxxxxxx>
Sent: Saturday, March 31, 2001 4:16 PM
Subject: RE: Why futures truth doesn't care about stealing your system
> "TS is a toy. We need serious programs that are capable
> of serious number crunching like what MatLab and MathCad can do."
>
> Buy a C++ OCX that does everything (or at least most) MatLab and MathCad
can
> do, insert it into your DLL that TS calls and what do you have? You have
a
> trading platform that really can do it all. I think C++ is just as
flexible
> if not more than MatLab or MathCad and it's better becaue it can work real
> time. Aren't MathCad and ML both stand alone apps? Learning C++ (or
> powerbasic!) is about as complicated as learning to use MatLab or MathCad
> effectively. I like that approach better over something like MathCad and
> that's why I'd still choose Tradestation.
>
> > -----Original Message-----
> > From: Mark Cerar [mailto:marQc@xxxxxxxxxxx]
> > Sent: Friday, March 30, 2001 8:38 PM
> > To: Lawrence Chan; omega-list@xxxxxxxxxx
> > Subject: RE: Why futures truth doesn't care about stealing your system
> >
> >
> > Bang on Lawrence! TS is a toy. We need serious programs that are
capable
> > of serious number crunching like what MatLab and MathCad can do.
> > Engineers,
> > statisticians and scientists would not use crap like TS and in
> > many ways the
> > demands of real-time financial software are even greater than the more
> > "static" data they frequently work on. If OR continues on its present
> > course, TS in all its permutations and combinations will NEVER,
> > EVER become
> > the de facto trading-software standard of the future. In fact,
> > it's fate is
> > being sealed as we speak. I hope you are all preparing. The end is
nigh.
> >
> > -----Original Message-----
> > From: Lawrence Chan [mailto:stnahc@xxxxxxxx]
> > Sent: March 30, 2001 9:50 AM
> > To: brian; omega-list@xxxxxxxxxx
> > Subject: Re: Why futures truth doesn't care about stealing your system
> >
> >
> >
> > foucs on money management is a waste of time -
> > IF the base model does not have the necessary
> > "edge".
> >
> > And in fact, there are new models emerged over the
> > past few years not available to the public that
> > perform very well during both 1999 and 2000, for 2001
> > we have to see.
> >
> > Excalibur cannot test these new models as the design
> > of Excalibur just cannot handle it, period.
> >
> > The good news is that nor TS can do it at all :)
> >
> > -Lawrence
> > Lawrence Chan http://www.tickquest.com
> > Home of trading tools NeoBreadth and NeoTicker series
> >
>
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