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That would probably be a hard sell.
If someone is already using WL. They would probably have no use for the
EL/TS transfer. And since TradeStation is free. Why would one switch from
TS to WL and then pay a monthly fee for EL/TS use?
It seems to me, for something like that to work. It would have to be
encluded with the trading software. I know many who a few years ago would
have switched to Amibroker if they had something like this. I also think
many may have switched to metastock if something like that was offered. But
that was years ago. I don't think many would switch now.
Especialy with some software packages already offering the use of EL/TS.
----- Original Message -----
From: "Joel Reymont" <joelr1@xxxxxxxxx>
To: "Omega-List" <omega-list@xxxxxxxxxx>
Sent: Friday, January 27, 2006 11:48 AM
Subject: Re: EL translator as a web site
Someone pointed out that it's not straighforward to translate from EL to
WL as EL/TS has a great deal of built-in logic which WL does not. The
example given to me was:
--
In EL, if I place 3 stops for a position, the first one to get hit will
be taken. In WL, the first one ***in the code*** to get hit will be
taken. So if on the next bar all 3 stops could have been filled, the
first coded stop gets filled even if it is the farthest away. Lots of
extra code is needed in WL to always figure out which exit is closest and
place that order first in the code.
--
Assuming that I somehow got that right, would you have an issue with the
translator running on a web site under some kind of a monthly
subscription ($30-50/mo).
I'm assuming that since I'm the one translating the EL code I could
generate proper WL code that takes care of stop order, etc. I would
probably not get it right the first time around but having a web site
would surely simplify roll-outs. It would be far easier than telling
everyone to re-download the binaries.
Thanks, Joel
--
http://wagerlabs.com/
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