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Hallo.
For your information...
PRICE:
As long as ONE person is using the license he can get as many keys as
HE/SHE needs. It is sometimes hard to believe that someone has 6
computers and needs the software to run on all 6, but it looks like
there are some rare cases out there. :)
UPGRADE:
For those who buy WLD2 now the upgrade is free, for others it is 100$.
The original WLD1 was only 300 US$, so the difference to the current
version is now 350$. As I mentioned in an earlier mail, we have not
decided on how to handle those who wish to upgrade from V1 to V3.
TICK UPDATE:
WL does not update indicators on every tick. It was our conclusion that
when you test systems you use the closing price for indicators, so you
should/want to trade with those prices.
On the other hand is you have stop/limit orders that need to be filled
intra bar and do not need the close then WL is surely doing this! So you
do not need to wait for the bar to be finished.
AUTOMATED TRADING EXECUTION:
Version 3 will have the automated trading execution with IB and we are
planning to add other brokers.
GENERAL:
If the demand is big enough for an indicator that updates every tick
then we might look into that for our next version or an earlier build.
Regards.
Volker Knapp
Wealth-Lab Inc.
www.wealth-lab.de
www.wealth-lab.com
-----Ursprüngliche Nachricht-----
Von: unicorn@xxxxxxxxx [mailto:unicorn@xxxxxxxxx] Im Auftrag von Alex
Matulich
Gesendet: Donnerstag, 26. Juni 2003 21:55
An: omega-list@xxxxxxxxxx
Betreff: Re: Tradestation or Weathlab ?
Re WL vs TS: Some minor correction is in order here...
>Lets start with TradeStation. It will show you the indicators
>updated in real time. Meaning, it can do exactly what you want.
>WealthLab Developer will not. It does not have a feature like
>in tradestation called "update every tick" for indicators.
However, when it comes down to trading, you want the trading
strategy you programmed to generate *signals* in real time.
Indicators become irrelevant when you need your software generate
the trading signals. Signal software runs independently of
displayed indicators; you don't need displayed indicators to trade,
if your signals already take them into account internally to the
code. All you need to see, then, are the entry and exit signals.
Now the kicker: The TS "update every tick" feature works ONLY with
indicators. There is no way to update every tick for signals.
>WLD only updates the indicators when the bar is finished. Not any
>sooner. Meaning you have no way to know in advance a signal is
>comming. (for me as a trader who trades in RT with short timeframes
>it makes WLD useless for real time trading)
No, all that means is that TS is useful for real-time display of
INDICATORS, and WLD is not. If you trade visually off indicators,
then I agree TS is probably best.
However, I would say that BOTH programs are useless for real-time
generation of trading signals. TS doesn't update a strategy
on every tick. I'm not familiar with WLD, but I'd say if WLD
doesn't update every tick on indicators, then it doesn't do so for
strategies either.
>Real time connections need
>to be programmed and there are not many programmed yet. There are feeds
>for Quote.com and E-signal but that's about it at the moment.
I understand WLD also has something that works with
InteractiveBroker's feed. Just something I've heard.
>For backtesting TS or WLD is for me by far the best choice (i use
>them both, TS for RT and WLD for EOD trading)
I'm beginning to think the same thing, although there are better and
more expensive software for EOD.
-A
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