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Ok, thanks.
Anyway, is there anyone in here have an experience on PowerBot
( from http://www.fabrefactum.com ) ?
Please give me any opinion about PowerBot ?
Thanks.
> If your real time trading requires indicators to be updated only
> at the close of each bar, then WL will work fine. I know of
> some realtime strategies that make a decision based on the last
> few closed bars and then place limit or stop orders that will be
> executed later. That should work fine with WL, provided stop and
> limit orders are accounted for intra-bar when they're hit.
>
> Other strategies require place stop orders or limit orders based
> on an indicator value, not on price. Say, if a 13-bar RSI touches
> 88.5% then execute an order immediately. You can't wait until a bar
> closes because then it would be too late. You need the indicator
> updated in real time, tick by tick. WealthLab cannot do this.
> TradeStation can. NEITHER program can be programmed to trade such
> a system mechanically (because strategies don't update every tick,
> only indicators), but at least with TS you can watch the indicator
> with your finger on the order trigger. I know one mind bogglingly
> successful trader who trades this way.
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