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Strategies & Market Trends : Bottom (and Top) Pickers, Unite! -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (120)1/19/2001 11:50:41 AM
From: Atin  Read Replies (1) | Respond to of 214
 
Do try RavenQuote (http://www.ravenquote.com) if you use QCharts. It is almost a clone of QCharts (with the same beautiful charts, quotesheets etc), but has additional features like user formulas, formula based alerts etc. It also has builtin things like sharing of charts, workspaces etc. I think they're also working on a builtin chat capability to allow sharing of charts etc.

Generally a very powerful program and it is still a work in progress and Matt is still working on additional features including additional datafeeds etc beyond Quote.com's QFeed. I love QCharts as a program for its beautiful charting and ease of use and RavenQuote takes QCharts a few steps further.

I am not affiliated with RavenQuote beyond having tremendous respect for the programmer who did most of the work and I will most probably be adding plugin features to the program when I have time.

Actually, while we're at it -- we should list what the "perfect" product would be. Maybe Matt can take the list and actually make RavenQuote into it! It is nice to have access to someone who is directly working on the product and is solely responsible for adding features to it! <g>

-Atin



To: Teresa Lo who wrote (120)1/19/2001 3:03:42 PM
From: Michael Watkins  Read Replies (1) | Respond to of 214
 
To date, the best 'package' I've used has been a combination of Tradestation 2000i, QCharts to feed it live data, and Dynastore to make QCharts data feed QFeed compatible with Tradestation 2000i.

Pro
- Tradestation is completely programable, and draws what are arguably the nicest looking charts and bars, bar none.
- The data is reasonably priced - less than half that of many common services (such as eSignal)
- QFeed is much more reliable than QCharts
- QCharts is useful for quick charts of stocks that I don't choose to maintain my own data on
- Dynaloader is an offline data 'hole' patching tool, also compatible with QCharts data
- Its 'good enough' for my purposes as a short term trader and sometimes positional trader
- QFeed is much more reliable than QCharts. Tradestation is almost never affected by the problems that QCharts users frequently experience

Con
- Tradestation 2000i is over 2,000$ initial capital outlay
- managing your own data takes a little work (although arguably most of the time I just leave my data collection machine on full time for months at a time without problems)
- managing your own data is not portable across multiple machines or locations. Travellers beware
- managing your own data is not for the PC-timid.
- Canadian data sucks, but then Canadian market is really all about a few stocks and most all of them trade in the US anyways
- Quote.com Lycos are not, after all this time, good at managing the application or data.
- future of Tradestation 2000i standalone is uncertain now that TS Pro is out

Products I might well like in the future:
Tradestation Pro
- seems like a dream come true - the same great charts and programability, and I already know it very well
- they manage the data
- monthly charge for existing users is about the same as QCharts monthly charges

If the new TradeStation Pro has reliable data, and they add futures data in, it might be ideal. What's your experience been like so far Teresa?

Products I don't like
- RealTick III - not nice charts; flaws in key formulas such as ADX (Directional Movement); easy to set up charts that print the wrong number of bars on them.

- eSignal - I think these guys probably are the most serious when it comes to data - they've been doing data for a long time, but their charting interface is not very elegant (right now). I find if I'm reviewing many charts in many time frames, its just difficult - compared to other products I use, to do the same amount of work in the same amount of time using eSignal. Frankly for the cost per month, I would expect more. It does have one advantage - their eSignal data can feed Tradestation 2000i directly, so, like the TS2000/Dynastore/QCharts combo, you get one data feed / one vendor / one cost for both your "I manage my own data" and on-demand charting. Its just more than twice the price of QFeed/QCharts and less elegant charting.

Mike