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There's no right answer to your question - the perfect program does not exist. I
purchased TS2Ki a while back, and I'm glad I did. It is, for sure, an "imperfect"
program - poorly programmed in many respects, and poorly supported. However, it is
also "the standard". There is more information, sample systems, free code, books,
etc. in EasyLanguage than anything else I've seen. Also, the backtesting and system
performance reporting capabilities are extensive. For someone who is in the
learning process, as I am, it's a good way to go.
Note - do NOT buy TS2Ki from Omega! There is almost always a copy available on EBay
or elsewhere for a fraction of the price - make sure you get a permanent password
with it. I don't think you can get support from Omega with this arrangement, but
you get better support here or on the Omega list anyway. TSPro is where they're
putting all their attention these days - if you're interested in more than stocks
it's not an option at this point, and I agree with you that I wouldn't want to be
locked in to their datafeed.
For someone who is primarily interested in discretionary trading, or knows exactly
what system they want to use, Ensign looks like an attractive alternative. Very
highly programmable, but the system testing is primitive compared to Tradestation.
Ensign's performance, reliability and support are far superior, from everything I've
heard and my brief review of the program. I'm holding open the possibility that,
once I've determined the system I want to trade, I'll end up programming it in
Ensign for day-to-day use.
The main shortcoming of TS2Ki for system building is the extreme difficulty of
evaluating a system over multiple markets. Trading Recipes is supposed to be good
at this, and Rina offers a Tradestation add-on for portfolio testing - I haven't
used either.
> -----Original Message-----
> From: John Nelson [mailto:trader@xxxxxxxxxxxxxxx]
> Sent: Monday, June 04, 2001 8:17 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Is Tradestation still top dog?
>
>
>
> All,
>
> I have a fairly open ended question, sorry if it sounds unfocused.
>
> I've been a Supercharts user for many many years, and this program has
> served me well, as long as I could obtain systems and studies which were
> precompiled into ELA format.
>
> I would like to get into much more detail analysis and trading strategies
> that just can't be done without the power editor and a full-blown
> backtesting/trading system.
>
> So the question "is Tradestation still the best product for the money to
> do this"? Or should I embark on a Visual Basic or Java coding project to
> do the same? There's been a LOT of complaints about Tradestation in the
> past and I don't want to go to all the expense for something that won't
> cut the mustard.
>
> Also it seems that Omega is moving towards online subscription services
> which is not something I really think I want (although I could be wrong).
> I have my own data feed which works just fine thank you. All I really
> need is the ability to program systems, etc.
>
> Since I have my own data feed, programming everything from scratch in VB
> or Java has its appeal, but of course its a lot of work too.
>
> See? I told you it was an open ended question :-)
>
> Should I "move up" (or go someplace else)?
>
> -- John
>
> --
>
> __________________________________________________________
>
> John T. Nelson | John's Trading Journal
> trader@xxxxxxxxxxxxxxx | http://trader.computation.org/
> __________________________________________________________
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