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I doubt that TS will sue anyone, especially the company behind multicharts
since it is so expensive to sue someone in a foreign domain and even harder
to prove your case and collect your winnings. Sometimes, the best defense is
a good offense and I would like to believe that TS knows this.
TS is so much more than just EL. It's the combination of charting,
brokerage and EL that makes the product, not just EL. Plus, the EL language
is constantly evolving. By the time the translators are done with
translating, say EL 8.1, EL 9.0 or EL 10.0 or EL 11.0 will be out with more
features.
So, those that want to move their legacy code to something else will do so
one time and then be forced to maintain their code in something a bit less
user friendly. Of course, the user may choose to keep prototyping in EL and
deploying in another environment but that still at least gets TS their
platform fee - and the user needs to make sure that they only use EL syntax
that the translator supports which means all the newer features are off
limits until the translator supports them.
As long as TS keeps improving the product, there is no real danger to their
business and no reason to bring out the big legal guns. I believe that TS
knows this and know that their financial resources are best deployed to
moving the products forward instead of playing legal games.
I also believe that there is a niche for translators. I don't believe it's
as big a market as some would like to believe. I personally will try any
that shows promise and, if it works, will consider it another tool in my
arsenal. But, I doubt that I will give up TS unless they get back to being
as bad as I heard they were post 2000i (I started on TS 6.0 so did not
suffer through those hard times).
Given the tiny market I believe there is and the proliferation of
translators, I think it may be hard for any one person to truly dedicate the
financial resources necessary to create and constantly move forward (in a
reasonable timeframe) a translator. Maybe an open source project stands a
much better chance...
Those are my thoughts. They may not be worth much more than 2 cents but
figured I'd throw them out there for fodder...
Hope everyone has a good night.
Sincerely,
Nigel
____________________________________________________________________________
The real glory is being knocked to your knees and then coming back. - Vince
Lombardi.
-----Original Message-----
From: PM [mailto:pablomejia@xxxxxxxxx]
Sent: Wednesday, May 30, 2007 2:40 PM
To: Michael Stewart
Cc: Mark Simms; 'Omega List'
Subject: Re: Legal ramifications of translating EasyLanguage
What about traderstudio? Don't they convert EL too?
Michael Stewart wrote:
> Maybe Mike is a solution provider - most have TradeStation and Easy
> Language on their sites. Its not a crime to promote someone elses
> product. But it does surprise me how Multicharts do it as they offer
> (power language) easy language, autotrading. Even their easy language
> links are to the TS site!
>
> Wednesday, May 30, 2007, 6:59:08 PM, you wrote:
>
> MS> So Mike, you think you are more protected because you effectively are
> MS> promoting EasyLangage(TM) since you are generating code for use in
> MS> Tradestation whereas Joel is effectively doing the opposite ?
>
> MS> This is all getting kind of crazy....Mike, I don't see how you can
even be
> MS> using the term EasyLanguage since I have demonstrated it has a valid,
legal
> MS> trademark.
>
>
>
>>> -----Original Message-----
>>> From: Mike Barna [mailto:tsda@xxxxxxxxxxxxx]
>>> Sent: Wednesday, May 30, 2007 12:56 PM
>>> To: Joel Reymont; George E Eberhardt
>>> Cc: Omega List
>>> Subject: Re: Legal ramifications of translating EasyLanguage
>>>
>>> Gents:
>>> Just for background on the TSL
>>> reference given in this thread:
>>>
>>> Trading System Lab auto-evolves
>>> trading systems INTO Easy Language
>>> (and 3 other languages) from machine code, not OUT OF Easy
>>> Language and then into another language.
>>>
>>> Thanks,
>>>
>>> Mike Barna
>>> President,
>>> Trading System Lab
>>>
>>> "TSL automatically designs Trading Systems in a few minutes
>>> using a L-AIM-GP."
>>> "Software that writes Easy Language Trading Systems"
>>> www.TradingSystemLab.com
>>>
>>> ----- Original Message -----
>>> From: "Joel Reymont" <joelr1@xxxxxxxxx>
>>> To: "George E Eberhardt" <geberhardt@xxxxxxxxxxx>
>>> Cc: "Omega List" <omega-list@xxxxxxxxxx>
>>> Sent: Wednesday, May 30, 2007 4:25 AM
>>> Subject: Re: Legal ramifications of translating EasyLanguage
>>>
>>>
>>>
>>>> On May 30, 2007, at 10:26 AM, George E Eberhardt wrote:
>>>>
>>>>
>>>>> I hope you have lots of time and money for legal work. If you do
>>>>> this then
>>>>> the management of Trade Station Securities, Inc would be derelict
>>>>> in their
>>>>> duty if they did not sue you out of existence. And in this case
>>>>> the law is
>>>>> on their side.
>>>>>
>>>> How different would my translator be from the many products
>>>>
>>> that deal
>>>
>>>> with EL already?
>>>>
>>>> Aren't there portfolio optimizers (RINA? A French
>>>>
>>> product?), Trading
>>>
>>>> System Lab, MultiCharts, etc. I haven't heard about Omega
>>>>
>>> suing any
>>>
>>>> of them.
>>>>
>>>> Thanks, Joel
>>>>
>>>> --
>>>> http://topdog.cc - EasyLanguage to C# translator
>>>> http://wagerlabs.com - Blog
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>
>
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