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So when is PowerTrade going to be open for public scrutiny and buying?
Its been in private beta almost as long as Tradestation has been for
sale!! Ultimately its pointless making claims about a product when 99.9%
of the trading population arent even allowed to see or use it.
> -----Original Message-----
> From: Paul M. Zislis [mailto:pzislis@xxxxxxx]
> Sent: Wednesday, 21 May 2003 12:37 AM
> To: omega-list@xxxxxxxxxx; Leslie Walko
> Cc: VK; bob@xxxxxxxxxxxxxxxx
> Subject: Re[2]: AW: A joke & TS alternatives
>
>
> 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 of
> LW> phantom product, namely his NOT COMMERCIALLY RELEASED software.
>
> LW> Mr. Bolotin may or may not have a product. We the
> readers of Omega
> LW> List are in no position to determine that since it is not
> available
> LW> to us. Therefore any 'comparison' between TS or WLD must
> be viewed,
> LW> at best as opinion, or more realistically as shameless
> LW> 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 that
> LW> this is some kind of major functional advance must believe that
> LW> TradeStation Users are complete programming idiots. I
> wrote my own
> LW> scaling system in Easy Language, AND wrote the algorithms to
> LW> correctly record the results and compute performance
> statistics when
> LW> the scaling feature is turned on. The whole thing was
> less then 100
> LW> lines of Easy Language. So Mr. Bolotin, your claim of 'powerful
> LW> features' makes me laugh. What a joke! Sign a non-disclosure
> LW> agreement so that someone can write 'special code' for me
> what I can
> LW> code in Easy Language in a few 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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