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Replying to your message of Monday, May 19, 2003, 12:46:58 PM,
I've been a customer and a very satisfied user of PowerST, Bolotin's
product, for over 3 years. I bought the product and depend on it.
The only relationship I have with Bolotin is as a customer. I took a
chance to go with the product largely because of TradeStation's
inability to analyze systems at the portfolio level, and the difficulty
of customizing it to meet my own needs. PowerST is vastly more
powerful than TS for my EOD system testing and trading needs. It is
vastly more efficient in its performance. It is vastly superior in
reliability. Ditto for customer service.
I've seen plenty of posts on this list trying to sell one thing or
another. Bolotin has not abused this list as far as I'm concerned.
Bolotin has a real product, even if it has a limited number of users.
He has been building an industrial strength product and I have been
delighted to have it. Maybe TS7 has some support for multiple, money
management-based entries and exsits to/from a position I'm unaware of.
When I saw what they were offering beyond TS4, it was sufficient for
me to decide to not "upgrade" and go with PowerST instead. I had
already built my own portfolio analysis and money management code to
stitch together outputs from TS into something more useful. It was
far more cost effective to go with PowerST than to continue trying to
roll my own. I was able to rewrite my code and interface it with
PowerST with little trouble. And its performance in the PowerST
environment is a tremendous improvement.
If you have a serious interest in evaluating PowerST, talk to Bolotin
and sign the nondisclosure agreement. If you think 100 lines of EL is
equivalent to what PowerST provides, you'll be interested to learn
about the real capabilities. Also, if you'll take a moment to re-read
his post you'll see that he didn't charge for implementing scaling, he
provided it because it was important to someone - anybody see TS do
that?
Paul Zislis
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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