Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : OmniTrader-Do you like it??? -- Ignore unavailable to you. Want to Upgrade?

To: jim suttle who wrote (189)	5/16/1998 9:39:00 AM
From: Julius Wong	Read Replies (2) \| Respond to of 402

Jim: I use TC2000 (version 3) data for OT (also for WoW Pro). The stocks that go into OT profiles are Zacks recommended 100, IBD 85/85, and stocks selected by well known stock pickers (Al Frank, Jim Collins, etc). The stocks are feed to OT by hand. To keep thing simple I only use OT default settings. I do backtest once a week. How often do you backtest? Julius

To: jim suttle who wrote (189)	5/16/1998 1:02:00 PM
From: Ken Adams	Respond to of 402

Jim... I am a former TC2000 user. I dumped them about 5 years ago when I got to thinking they were too pricey. I also wanted futures prices which they don't have. Now, I get my EOD data from Primate Software. They have virtually everything and you can get as much or as little of it as you want. It costs about $22/month for up to 250,000 quotes. A quote is one symbol's O,H,L,C and Volume. For options it also includes open interest. I get about 3000 symbols nightly and never come close to the 250,000 limit. The data comes in Metastock format, which is perfect for OT and, like Julius (and others) I also use WOW. Due to the 255 symbol limits with the MS format, I have broken down my symbols to 40 directories. I know that sounds ridiculous, and for a fact, that's way too many, but it's the way I set it up originally, and I'm not motivated to change it now. It works fine for me. I have OT retest every 10 days. The way I do that is to have OT do 4 MS directories each night. That runs in the background while I look at charts in WOW. Specifically, I have a group saved in WOW that I call "nearabuy". These are things for the most part that OT gave me earlier and I'm watching them for signals. Each night I go through the "nab" group while OT does its test. I can dump those OT picks from days earlier that have failed to produce a signal and focus on the ones that are giving a signal for the next day's trading. This usually gets me one or two pretty good picks a week. When OT has finished retesting, I then go to those 4 directories and see the new signals there. If I like anything well enough, I then put that stock over in my "nearabuy" group in WOW. For the most part, my picks for buying come out of the "nab" group, after the OT signal. I do as Julius does, I use all the OT defaults. Sorry to be so wordy here. Once I got rolling I couldn't stop <G>. Ken