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I didn't say we need MatLab or MathCad specifically for the trading-system
IDE. I said we needed a trading-system IDE that has the capability to do
what they can do in terms of speed, stability, accuracy, reliability etc.
I'm not a C++ programer and I don't know how to write DLL's and interface
them with TS. The next generation of trading software will make this
interface with the system-writing IDE easier, clearer, more powerful and
better-integrated. Personally, I believe VB would be good enough for my
needs in so far as data variables, selection structures, arrays, error
handling etc. are concerned. I also know that no critical applications are
written in VB. They are all written in C++. So I'm not talking about
developing the whole platform in VB, data server/charting and all. However,
for the system-writing end of things, for doing mathematical computations
and logical operations, VB should be adequate. What I do know for a fact is
that EL and the PowerEditor are no where near adequate. And Omega will
never have the resources -financial, managerial or otherwise- to develop and
enhance EL and the PowerEditor at the rate that Microsoft, Mathsoft etc. can
enhance and develop their respective programming IDE's. Hell, they're all
ready way, way behind as it is and now they have to pour money and resources
into developping online trading software.
-----Original Message-----
From: Brian [mailto:blink64@xxxxxxxx]
Sent: March 31, 2001 4:17 PM
To: List, Omega
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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