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Dear Mr. Bolotin et. al. :
It is my understanding that the Omega List participation rules
prohibit self promotion or advertising of products for financial
gain. I am particularly offended by Mr. Bolotin's advertisement
of phantom product, namely his NOT COMMERCIALLY RELEASED
software.
Mr. Bolotin may or may not have a product. We the readers of
Omega List are in no position to determine that since it is not
available to us. Therefore any 'comparison' between TS or WLD
must be viewed, at best as opinion, or more realistically as
shameless advertisement.
Kindly desist from such actions.
Also, just a little technical note on 'advanced features'.
Anyone who charges money for 'scaling / pyramiding' by claiming
that this is some kind of major functional advance must believe
that TradeStation Users are complete programming idiots. I wrote
my own scaling system in Easy Language, AND wrote the algorithms
to correctly record the results and compute performance
statistics when the scaling feature is turned on. The whole
thing was less then 100 lines of Easy Language. So Mr. Bolotin,
your claim of 'powerful features' makes me laugh. What a joke!
Sign a non-disclosure agreement so that someone can write
'special code' for me what I can code in Easy Language in a few
lines. :-)
Leslie
VK wrote:
>
> Bob.
>
> You are right, we should not have this discussion here, but scaling in
> and out is possible with WLD2. I have no problems admitting the limits
> of WLD2 if there are any. If there is a high demand for it we will
> include it. Our features are no secret and we have a feature request
> page with voting for our members that we use as a base for the demand of
> the WL users.
>
> Regards.
>
> Volker Knapp
> Wealth-Lab Inc.
> www.wealth-lab.de
> www.wealth-lab.com
>
> -----Ursprüngliche Nachricht-----
> Von: Bob Bolotin [mailto:bob4olist@xxxxxxxxxxxxxxxx]
> Gesendet: Montag, 19. Mai 2003 10:38
> An: omega-list@xxxxxxxxxx
> Cc: VK
> Betreff: Re: A joke & TS alternatives
>
> At 5/19/2003 02:42 AM, you wrote:
> >Bob.
> >
> >Could you explain what exactly the "very high end scaling feature" is
> >and what it does?
> >
> >Regards.
> >
> >
> >Volker Knapp
> >Wealth-Lab Inc.
> >www.wealth-lab.de
> >www.wealth-lab.com
>
> I would rather not at this time. Discussion of this level of detail
> about
> PowerST currently still requires nondisclosure agreement, including not
> discussing features with vendors of other software packages. Since I
> believe you are associated with another software package.... :-)
>
> Volker, you may not want to push this one. The last software this
> customer
> tried the scaling with before inquiring about PowerST was Wealthlab, and
> my
> understanding is that he was not able to succeed in the testing he
> wanted
> using Wealthlab. And it wasn't just this scaling feature. There were
> other
> portfolio level features that Wealthlab was lacking, and I believe at
> least
> one other feature not related to portfolio money management.
>
> Now, this is all second hand. I have never looked at WealthLab myself,
> and
> I really didn't question this person in great detail about his Wealthlab
>
> experience. I was more interested in understanding what he needed and
> solving his needs in PowerST.
>
> I just glanced back to the earliest emails with this person, and this
> was
> his first email after viewing the full PowerST product description:
>
> <<<<
> Wow... I am awestruck.
>
> The only thing I can say is that if multiple entries/pyramiding were
> already available someone would need to pinch me to let me know I'm not
> dreaming.
> >>>>
>
> By the way, to the other post that asked what I mean by "scaling". The
> above quote explains. I am talking about adding additional contracts or
> shares to an existing trade. In other words, as he says above, multiple
> entries / pyramiding. Furthermore, when you are using a money management
>
> position sizing strategy to determine the position size of the original
> trade, the logical extension is the ability to also use the position
> sizing
> strategy to determine the position size of the scale ups. So, it isn't
> just
> buy one contract then buy a another contract. It is buy what you can
> afford
> to risk given the constraints of the money management strategy. Then buy
>
> more contracts later in the trade if your initial risk has declined so
> that
> you can now afford more contracts and still be within the constraints of
>
> the money management strategy. There is more to what we are doing than
> this, but this is the basis of what I am talking about with the high end
>
> scaling strategy.
>
> My previous post was just an update. It was not a product announcement.
> But
> I like to flap my jaws once in a while just like everyone else on the
> list,
> and I was responding to a mention of my product. The article I was
> replying
> to seemed to be indirectly expressing interest in what was happening
> with
> PowerST, so I responded.
>
> As it says on the http://www.powertesting.com web site, if someone has
> an
> interest in possibly becoming an early adopter of PowerST, they can
> email
> me privately. I am not able to take on large quantities of new customers
>
> right now because features are still being filled in and I have this
> commitment to add this scaling feature for someone who already made a
> financial deposit.
>
> If anyone wants to talk further, I am always happy to chat via private
> email with anyone who might want to become a customer given the current
> status as described on the PowerST web site.
>
> Bob Bolotin
> President, RDB Computing, Inc.
> Developer of "PowerST: The Power System Tester"
> http://www.powertesting.com
> bob@xxxxxxxxxxxxxxxx
> 847-982-1910
--
Regards,
Leslie Walko
610-688-2442
--
"Life is a tragedy for those who feel, a comedy for those who
think"
Horace Walpole, 4th earl of Orford, in a letter dated about 1770
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