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I don't know why you feel TS isn't adequate for 95% of the people out there.
You obviously are thinking of a specific example and you sound like you've
tried it. If you're that advanced then I'm sure dropping a few thousand on
a C++ coder -- if you have to have C because Powerbasic is nearly as fast
and just as stable -- would be no big deal. How much does MatLab cost? I
would like to what example you're thinking of because while I agree that EL
alone could be inadequate for many heavy stat analysis I disagree that it
can't be adapted to all of that. There are definitely some charting
techniques it does not support but these are specialized or proprietary and
really aren't nec. TS charts, monitors positions and integrates it with a
programming language that is expandable through languages such as C and PB.
That's enough for most. The only limitation in TS is the charting. If
you've systematized your trading, charting really isn't that necessary so
there is practically no limitation with regards to the systems you can test
and deploy (and you don't need C++ to do it PB works great. The MESA
software for TS was written in PB)
> -----Original Message-----
> From: Mark Cerar [mailto:marQc@xxxxxxxxxxx]
> Sent: Saturday, March 31, 2001 8:21 PM
> To: List, Omega
> Subject: RE: Why futures truth doesn't care about stealing your system
>
>
> 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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