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Replying to your message of Monday, May 19, 2003, 12:46:58 PM,
LW> Dear Mr. Bolotin et. al. :
LW> It is my understanding that the Omega List participation rules
LW> prohibit self promotion or advertising of products for financial
LW> gain. I am particularly offended by Mr. Bolotin's advertisement
LW> of phantom product, namely his NOT COMMERCIALLY RELEASED
LW> software.
LW> Mr. Bolotin may or may not have a product. We the readers of
LW> Omega List are in no position to determine that since it is not
LW> available to us. Therefore any 'comparison' between TS or WLD
LW> must be viewed, at best as opinion, or more realistically as
LW> shameless advertisement.
LW> Kindly desist from such actions.
LW> Also, just a little technical note on 'advanced features'.
LW> Anyone who charges money for 'scaling / pyramiding' by claiming
LW> that this is some kind of major functional advance must believe
LW> that TradeStation Users are complete programming idiots. I wrote
LW> my own scaling system in Easy Language, AND wrote the algorithms
LW> to correctly record the results and compute performance
LW> statistics when the scaling feature is turned on. The whole
LW> thing was less then 100 lines of Easy Language. So Mr. Bolotin,
LW> your claim of 'powerful features' makes me laugh. What a joke!
LW> Sign a non-disclosure agreement so that someone can write
LW> 'special code' for me what I can code in Easy Language in a few
LW> lines. :-)
LW> Leslie
LW> 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
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