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PureBytes Links
Trading Reference Links
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Bob - I might add that a great comparison of an elegant time-series-oriented
language like Easy Language vs. a "rudimentary" language, goto
www.wealth-lab.com and check out their "wealthscript" scripting language.
http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=Help.htm
Guaranteed you need 2 to 3 times the number of lines of code to do the same
thing as what can be done in Easy Language. Many housekeeping details are
required as well.
> -----Original Message-----
> From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
> Sent: Tuesday, December 11, 2001 5:08 PM
> To: jwixson@xxxxxxxxx
> Cc: omega-list@xxxxxxxxxx
> Subject: RE: Asking too much ??
>
>
> At 11:21 AM -0600 12/11/01, Jim Wixson wrote:
>
> >I should have asked: do you know/have you heard of any trading
> system done
> >or capable of being modelled in TS, which brings a reliable, high return?
> >This is a research question - I am trying to document results
> which may have
> >been achieved with some consistency by users of Trade Station or similar
> >software: what kind of results can we users realistically hope
> for? I have
> >seen a few scattered posts on the subject, but no assessment of results
> >achieved by EL Beatles.
> >Has anyone systematically recorded this kind of info anywhere?
>
> There is virtually no limit to what you can program in EasyLanguage
> if you are reasonably clever and if you need more compute power you
> can incorporate more code into dll's. The language is not as general
> as a real programming language but good enough. It is pretty easy to
> use for simple things.
>
> That said, TradeStation is not MatLab or Excel so if you need really
> sophisticated mathematical functions, probably something else might
> be better. But the connections within TradeStation to real-time data
> feeds, etc., are more convenient than those in applications intended
> for more general applications.
>
> There are issues with numeric precision which becomes troublesome if
> you do not take it into account when you design your code. It is easy
> to get precision errors in intermediate terms that can cause major
> errors in results if you are not careful.
>
> The major issue with TradeStation vs. such other packages is the
> lousy level of software quality of TradeStation. Users have had to
> learn where the bugs are and work-around them since the beginning of
> time. You waste a lot of time testing to see how some of the features
> and functions REALLY work because they are poorly documented and
> can be buggy.
>
> Bob Fulks
>
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