RE: Wealth Lab 2,Impressive-LESS TIME TRADING, MORE TIME CODING

["M. Simms" <prosys@xxxxxxxxxxxxxxxx>]

But Volker, the amount of code to do the same in Easy Language is about ONE
HALF to ONE THIRD that of Wealth Lab...
WHY ?

So instead of trading, one must spend more time CODING with WL ?

> -----Original Message-----
> From: Volker Knapp [mailto:vk@xxxxxxxxxxxx]
> Sent: Tuesday, June 18, 2002 6:56 PM
> To: Ernie Bonugli; omega-list@xxxxxxxxxx
> Subject: AW: Wealth Lab 2,Impressive
>
>
> Ernie,
>
> Yes, Wealth-Lab Developer 2 supports user written functions.
>
> The coding is very simple, similar to Easy Language (because both
> are Pascal
> based) but more powerful. Here an Active Trader system code from November
> 2000 issue.
>
> var Bar: integer;
>
> for Bar := 51 to BarCount() - 1 do
> begin
>   if LastPositionActive() then
>     if PriceClose( Bar ) > PositionEntryPrice( LastPosition() ) then
>     begin
>       SellAtMarket( Bar + 1, LastPosition(), '' );
>     end
>     else
>     begin
>       SellAtStop( Bar + 1, Lowest( Bar, #Low, 2 ), LastPosition( ), '' );
>     end
>   else
>   begin
>     if PriceClose( Bar -1) < PriceClose(Bar - 2) then
>       if PriceClose(Bar - 2) < PriceClose(Bar - 3) then
>         if PriceHigh( Bar ) > PriceHigh( Bar - 1) then
>           if PriceClose(Bar) > EMA(Bar, #Close, 50 ) then
>             BuyAtMarket( Bar + 1, '' );
>   end;
> end;
>
> Hope it gives you an idea on the coding language. You find the
> code and the
> description also here:
> http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=2621
>
> Volker Knapp
> Wealth-Lab Inc.
> http://www.wealth-lab.com
> http://www.wealth-lab.de
>
>   ++-----Ursprungliche Nachricht-----
>   ++Von: Ernie Bonugli [mailto:ebonugli@xxxxxxxx]
>   ++Gesendet: Dienstag, 18. Juni 2002 18:38
>   ++An: omega-list@xxxxxxxxxx
>   ++Betreff: Wealth Lab 2,Impressive
>   ++
>   ++
>   ++list,
>   ++
>   ++Has anyone transitioned over to WL? Or is anyone seriously
>   ++considering it?  Their last release(s) looks impressive on
>   ++the surface.
>   ++
>   ++One remaining issue on my list, is that the # of lines
>   ++required to code an idea looks bulky to me.  I really
>   ++haven't studied the product, but do they support user written
>   ++functions?
>   ++
>   ++
>   ++
>   ++
>   ++Regards,
>   ++Ernie
>   ++ebonugli@xxxxxxxx
>   ++
>