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Systems is really Ensign's weak spot. Ensign is a quality product, extremely
well-designed and well-supported. But if you read all the material at
www.ensignsoftware.com, there's hardly anything there about systems. It's just not
a big area of interest. Ensign is much more pointed towards discretionary trading -
Gann, Elliott, Pyrapoint, etc. You can do rudimentary back testing, but there's
nothing like optimization or even a Sharpe ratio built in. I think the developer is
a discretionary trader who really just doesn't believe in mechanical system trading,
and it shows in the product.
That being said, Ensign is extremely programmable, and you can make it do virtually
anything you would want. The file format is documented on the web site, and
everything you need is there. I think people who are looking at developing
something for themselves in VB, C++ or Delphi would save a lot of time by using
Ensign as their base and just filling in the missing pieces with custom programming.
So for a discretionary trader or a dedicated programmer, Ensign offers a lot, and it
has lots of very happy users. But for a non-programmer looking for
Tradestation-type backtesting and optimization, it's not even in the ballpark. It's
just not a market they're trying to address.
> -----Original Message-----
> From: cash@xxxxxxxxxxx [mailto:cash@xxxxxxxxxxx]
> Sent: Friday, August 31, 2001 9:07 AM
> To: Kimball Morgan; omega-list@xxxxxxxxxx
> Subject: Re: TS Alternatives: Ensign?
>
>
> Does Ensign do backtesting? if so, intraday?
>
> Date sent: Thu, 30 Aug 2001 17:19:02 -0700
> From: Kimball Morgan <km11@xxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Subject: TS Alternatives: Ensign?
>
> > As I read the recommendations re: TS Alternatives, I don't see mention of
> > the Ensign software.
> >
> > Any comments from current Ensign users who have taken the time to re-write
> > favorite indicators from EasyLanguage to Ensign's language, ESPL?
> >
> > How about intraday performance?
> >
> > Not complaining about using TS2K; currently have it installed on WinXP, and
> > it's solid Just hedging in case I may need an alternative platform
> > sometime in the next couple of years...
> >
> > Thanks for your thoughts,
> >
> > Kimball Morgan
> >
>
>
>
> "Buy Low, Sell High"
> (If this statment is used for financial gain, I am entitled to 10% of all
> profits. ;) )
>
>
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