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Hello Vince,
thanks for your review of the software options. ignore the carping
whiners. if they want a cross-tabulated, multi-variate, all
combinations and permutations, double-blind, Markov analysis of every
software known to man--let 'em do it themselves.
MOre to the point, what you are saying below and is often missed in
these discussions is that certain software criteria (reliability,
bugginess, size, etc.) there are certain criteria that are unique to
each trading style, trader need. Before choosing a package, one must
exhaustively list the selection requirements/criteria and then eval
the packages against those criteria. So for example, if one doesn't
do need backtesting, that capability may actually become a liability
in that it adds complexity, size etc. to the package.
For me, warts and all TS4 or 5 work well as the all-round tool.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Sunday, November 17, 2002, 10:34:33 PM, you wrote:
VH> 1. My interests back then were not (and still are not) back testing. I was
VH> looking for software to replace RealTick, and needed an objective way to
VH> evaluate such packages.
VH> My primary interests were and are: charting, studies, order execution, data
VH> feed reliability and data feed speed; and low per trade commission costs.
VH> My secondary interests were and are, end of day and real time scanning for
VH> trade candidates. I have my own software tool for risk & $ management.
VH> So, at that time, your software did not meet what I was searching for.
VH> 2. There are over 1,800 functions that exist in the primary trading
VH> software packages....those could be evaluated and scored to fit onto one
VH> page for one package, much less for a lot of packages.
VH> Different packages have different strengths. And they click with different
VH> traders whose personalities, trading styles and circumstances can be
VH> different.
VH> One person's opinion of what is best, or even about which package is best in
VH> a class of functions, does not necessarily have any value for another
VH> trader.
VH> E.g., if I think that NeoTicker or RealTick or Investor/RT or whatever are
VH> really good for charting, but another trader is using cycle techniques, that
VH> other trader will probably prefer Ensign or Advanced Get, and find these
VH> former tools to be poor, for his or her intended use.
VH> So what you suggest about a comparison, depends upon who is doing the
VH> comparing.
VH> Have done RFP's to software vendors over the years. When each software
VH> vendor filled out the checklists, they all seemed to have everything. No one
VH> wanted to admit to not having a feature or function in an RFP. In the end,
VH> we seemed to always find what was missing or poorly done, and no sales
VH> resulted, on a distrust of that company for future opportunities.
VH> So, its likely that a public comparison list of features and functions would
VH> have the same general vaporware tendency.
VH> There may be some ways around the above problems, but those would take time
VH> better spent on my own trading. Speaking of which, got to get ready for the
VH> coming week.
VH> Vince Heiker
VH> Flower Mound, TX
VH> -----Original Message-----
VH> From: VK [mailto:vk@xxxxxxxxx]
VH> Sent: Sunday, November 17, 2002 4:51 PM
VH> To: tachyonv@xxxxxxxxxxxxx; omega-list@xxxxxxxxxx
VH> Subject: AW: Replacement for 2000i" VK's Software
VH> Vince.
VH> -----Ursprngliche Nachricht-----
VH> Von: Vince Heiker [mailto:tachyonv@xxxxxxxxxxxxx]
VH> Gesendet: Sonntag, 17. November 2002 22:43
VH> An: omega-list@xxxxxxxxxx
VH> Cc: VK
VH> Betreff: RE: Replacement for 2000i" VK's Software
VH> VK, I did not try your software because when I looked at your
VH> specifications
VH> 18-20 months ago, your software fell into my "not worth evaluating"
VH> bucket.
VH> I have not looked at your software's specifications in over 18 months.
VH> Am
VH> too busy with other things to take the time now.
[VK>>>]
VH> No problem at all. If you noticed, I was not talking about WLD2, just in
VH> general.
VH> You'll note that I did not mention about 70 other software packages
VH> either.
[VK>>>]
VH> Wow, we were not even in the other 70. :(
VH> My posting rather obviously is only a summary reply to the questions of
VH> others. The packages I did mention are the best real time charting,
VH> studies, order execution and/or scanning packages; and/or had some
VH> unique
VH> functions, such as Ensign, that might appeal to some forum members. Best
VH> =
VH> in function points. Best = also generally in trader market share. E.g.,
VH> RealTick has about 20,000 real time trading customers.
[VK>>>]
VH> Vince, I understand you put a lot of work in your research. We are
VH> frequently asked about the pros and cons of our software. My honest
VH> opinion is if there would be an objective possibility to compare various
VH> software we would be selling even more then we do now.
VH> I would really appreciate if somebody would make up a page where various
VH> software vendors could cross in their functions. Preferable I would like
VH> to see on the web where various vendors could update their functions as
VH> they add them. Or even add functions that might be unique for their
VH> software. This page could be then the base for anyone who would like to
VH> buy a software.
VH> What do you think?
VH> Again, I did not mean to be personal or trying to say your comments were
VH> right or wrong. I also apologize if that was your impression.
VH> It is always very difficult to have an opinion and to voice it out but
VH> also trying not to hurt other peoples feeling. I lived long enough in
VH> Asia and have adopted their respect to other people feelings (at least
VH> where I lived).
VH> Is that ok with you?
VH> Volker Knapp
VH> Vince Heiker
VH> Flower Mound, TX
VH> ---
VH> ---
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