OmniTrader-Do you like it??? Message Board

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Non-Tech : OmniTrader-Do you like it???

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To: Skipperr who wrote (97)	2/16/1998 6:09:00 PM
From: Bill Fischofer	of 402

Sounds like a great combo OT's strength is chart scanning and signal generation but its charting capabilities are rudimentary. Nice to see Nirvana teaming up with a leader for this function rather than trying to duplicate it. While I personally use SuperCharts, from all accounts Metastock is a superb charting program and is currently more sophisticated than SuperCharts due to the fact that it is a full Win95 program while Omega's products are still 16-bit. In fairness, the 32-bit versions of SuperCharts (and its high-end cousin TradeStation) are due out in the very near future, so head-to-head comparisons between MetaStock and SuperCharts should perhaps be deferred until we see what the 32-bit versions offer. The major reason for choosing SuperCharts over MetaStock is that Omega offers an upwardly-compatible family of products. Wall Street Analyst covers the low end, SuperCharts covers the middle, and TradeStation covers the high-end. MetaStock is priced a bit higher than SuperCharts but well below TradeStation's lofty $2,400 level. SuperCharts' main advantage is that it is a fully compatible subset of TradeStation (at one-tenth the price) which runs systems and add-ons developed for TradeStation. This may or may not be important to you, as MetaStock also offers a large library of user-contributed functions and systems. However, TradeStation is the de facto standard in high-end professional analysis software. As I've stated before, the cost of any technical analysis program is really secondary to the cost of the data feeds. No matter what product(s) you buy you'll spend far more on data than the program over its lifetime. I've found OT works well with the data feeds I currently use for SuperCharts and I have to believe it will work equally well with MetaStock's data feeds. The one thing I do like about Omega's data products is their quarterly CD-ROMs which contain 25+ years of historical stock data. Though I've not seen the MetaStock equivalent, it seems to me their ads talk about 5-year historical data, which to my mind isn't really sufficient for many types of analysis. SuperCharts + OT will run you about the same as the MetaStock + OT combo offer, so price shouldn't be a factor. Both will do fine on both stocks and mutual funds. Hope this helps.

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