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Hello
here is a comparison between ts6 and
2000i
:>> #01) 2000i Supports multiple
sources of data>> Allows the user,
not Omega, to choose who to purchase their data> from. It also
allows the professional trader to have a back-up data> feed(s) [what we
affectionately call due-diligence], hopefully redundant>
systems.>> This "feature" was not
even an oversight. Not a "Watch this space",> "To be implemented
soon". This was a design decision!>> #02)
2000i Supports third party data>>
Some types of trading, and especially system development on Futures,>
require that the trader use synthetic symbols, or continuous
contracts.>> Many traders have
purchased extensive libraries of historical data.>>
#03) 2000i has the ability to load nearly unlimited amount of
data>> TradeStation 4 had a 16-bit
memory model and was admittedly limitedin> the about of data it could
load.>> 2000i brought in a new age
with the 32-bit memory model. Virtually> unlimited memory!
For Charts, for EasyLanguage code,
etc...>> With TS6 you are limited to
the amount of data you can load, and you> are dependent on the Internet
hops between you and their servers for the> speed of delivery - the
ability to "pump up" your system and control the> bottle necks has been
removed.>> #04) TS6 lacks sufficient Intraday
data for system testing>> TS6 just
does not have enough data available for development and any> sort of
reliable testing of Intraday trading systems.>>
#05) [ChartScanner / AutoAnalyst / Analysis Commentary] -
Not> implemented in TS6>> One
of the great leaps forward, implemented after extensive user> surveys,
was the [ChartScanner / AutoAnalyst / Analysis Commentary]>
feature. It allowed, among other things, the user to perform end of
day> scans to select viable trading opportunities for the next day.
It alsohas> been applied in dozens (at least) of other ways, from
report generation to> trading
automation.>> I understand WHY it is
not implemented. Imagine if one client wereto> request data for
testing on 5000 symbols at 5pm. What would this do tothe> load
on Omega's servers? Now imagine 100, 1000 or (heaven forbid they>
should be so lucky!) 10,000 users doing it at the same time? It
could> bring the very Internet to it's proverbial
knees.>> But, HOW can you call this
a "better", "more advanced" trading> platform, and leave out one of the
key features, implemented after> surveying the very users you claim to be
servicing?>> #06) Symbol Lists for Charts - Not
implemented in TS6>> One of the
great features, useful for tracking a portfolio, visually> scanning for
developing trading opportunities, and intimately tied into> Item #05
above, was the ability to click "next symbol" and step through a> list of
stocks.>> #07) RadarScreen - Not implemented in
TS6>> One of the major enhancements
to 2000i was the RadarScreen that> allowed the user to place custom
studies inside a Quote Window. Granted,> it was not the most
seamless implementation. It was very memory and> processor
intensive. But it worked. And clients had developed, after>
investing countless hours and innumerable dollars, trading and scanning>
methodologies that they depend on.>> #08)
Backward compatibility of EasyLanguage
Export>> TS6 is totally unusable by
any system developer due to the fact that> you are unable to transfer
code out which is readable by 2000i, let alone> users of TS4 (of whom I
still have many).>>
Note: Omega had not even completed the process of winning
overtheir> client base to 2000i before the soured the waters even
further by> effectively abandoning the customers who shelled out big buck
for theupgrade.>> #09) Total abandonment of
Solution Providers>> With their
change in market strategy / mode of operation />
whatever-they-want-to-call-it they [Omega] have totally left the dozens
or> hundreds of Solution Providers who make all or a majority of their
income> by supporting Omega's clients out in the cold. We committed
ourresources,> dedicated our livelihood to helping Omega become the
premier Trading and> System Development Platform for the industry.
And they abandoned us.>> #10) Stock Price
Chart>> Look at a price chart of
Omega ("TradeStation Technologies" : TRAD)> and see if you think their
business model was correct? I can tell youthat> my monthly
statement gives me the opposite impression! And could thishave>
been avoided? Could any of us advised them that the route they chose
was> fraught with danger. I think
so!>> If they were determined to
pursue the Brokerage business, and I> personally think this was a good
idea if implemented correctly, they could> have created a new corporate
entity, and good old Omega would licensed the> software to that entity,
contract to provide technical support, etc. The> best of both
worlds.>>> Note:
Several of the points listed above, in a variety of> combinations,
disallow TS6 for use by most professional traders. I do not>
believe that anyone managing money can use a product that only
supportsone> data feed, for Due-Diligence reasons if none
other.>>> It is interesting
that [the majority of] my criticism of 2000i (and> the number there is
staggering) go unmentioned, being paled so by my> dissatisfaction with
TS6!>>> So, what time is
it? It is time for a TradeStation-KillerApplication> to come
out, Omega having retired from the arena, leaving an obvious> void.
The timing is right. I keep hearing rumors. People keep
making> noises. But none has come out that impresses me.
Prove me wrong, please!>>> At
least that is the world according to Samuel K. Tennis...>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, January 24, 2002 10:01
AM
Subject: Re: [RT] TradeStation
6/Metastock Pro..
The data on demand facility certainly removes
much of (if not all) the
hassle associated with having data current for
evaluation or trading.
Many routines have been rewritten and although
originally were done
rather badly that seems to have been
corrected.
If I could use ONLY TS2K
or ONLY TS6 then I definitely would take TS6.
However, what I do is run TS6 realtine on one
machine during the
day and develop on TS2K on another machine.
I have written
routines to allow me to keep certain ASCII data
files up to date
using TS6 so I don't have to have another data
source for data
for my TS2K operations.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
- - - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Eliot Kaplan
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>RealTraders Mail List
Sent: Thursday, January 24, 2002 8:41
AM
Subject: [RT] TradeStation 6/Metastock
Pro..
Anyone have any comments on their experiences and
satisfaction (or lack of)using TradeStation 6, having previously used
TS4 or TS2K?I'm not interested in their brokerage, just the
program's functionality,bugs, and quality of support as a data streaming
product in comparison withprevious versions.In terms of customer
and technical support anyway, to quote the TalkingHeads, I'm concerned
that it is.. "same as it ever was".But one never knows what a new
name and glossy website image brings with itthough I'm betting it is not
much.Optimistically,EliotPS: In addition, if anyone
has any comments on Metastock Pro and itsviability in conjunction with
Qfeed, or just as a technical tool, I'd begrateful for those thoughts as
well.Any serious limitations or unique capabilities in the package?
How does itcompare to Tradestation in any of its
incarnations?Thanks to
all.^^^^^^^^^^^^^^^^^^^^^^^^^^^^To
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