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Extremely good advice! The only aspect with which I would take exception is
the degree to which Jason muted his criticism. Tradestation Technologies is
the reincarnation of Omega and the Cruz brothers. Some of us remember Omega
as the company which sold tons of stand-alone SuperCharts ($400+-) and
Tradestation ($3,000+-) software, then left the users sucking hind tit with
discontinued products. While SuperCharts was dropped entirely, they did
release a new TradeStation, but it was a whole new product, new licensing
package, and proprietary data feed. Some of us also remember the Cruz
brothers as being long on promises of support and bug fixes and short on
delivery ... a reputation which appears, according to the previous post, to
have survived in their latest incarnation.
And Jason is dead on regarding buying a used version. It has seemed to many
of us that Omega/TT modus operandi has been to sell their extremely high
priced software to trading newbies, then deprive them of the opportunity to
resell the software (by prohibiting license transfer) when the newbie goes
bust (most do) ... this would appear to assure a steady stream of new
customers at full price. Many experienced traders (who know exactly what
software capabilities they need) buy TS resales for a small fraction of the
retail prices. By comparison, many software firms which sell high priced
trading software permit a license transfer upon payment of a modest fee and
will then provide support and upgrades.
Earl
----- Original Message -----
From: "Jason Armstrong" <jarmstrong444@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 21, 2003 11:21 AM
Subject: Re: [RT] Purchase Advice - TS 2000 i
Edgar,
My apologies for responding so late to your request for
information on TS2Ki. My advice to you would be to first determine whether
you actually need Tradestation at all. Tradestation is good software to use
if you're going to do a lot of backtesting on historical data, but if you
simply want to code your own indicators and trade off of them there are many
software programs out there that are much more reliable and with better
customer service that will do the trick. Tradestation 2000i is not the most
reliable software out there. It's rather notorious in the trading community
for the many bugs it contains. Buying a copy of this would be the equivalent
of buying a car that was a lemon, because it never ran correctly in the
first place.
If you do decide that you need to use Tradestation, be sure to acquire a
copy with a good forever pass word, run Win2k or XP (with NTFS file format),
and make sure you have at least 512k of RAM, and update to Service Pack 5.
If you're looking for historical Forex data, which can be hard to find, you
might want to contact Iavor at http://www.is99.com/disktrading/ (no
affiliation, just satisfied customer) He gave me a great deal of help when
I was using this software in formatting my Global Server to accept Forex
data.
Hope this helps and if you have any questions I'll do my best to answer
them.
Best,
Jason.
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