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

To: CatLady who wrote (219)	5/25/1998 10:59:00 AM
From: Bill Fischofer	Read Replies (1) \| Respond to of 402

OT is designed for position trading Yes, it has improved my results but in what were for me unsuspected ways. The major benefit I found from using OT was that it helped me become more objective about my trading. There's no need to fret over a trade that isn't working because fresh prospects arrive daily. I haven't used WOW. I have both SuperCharts 4.0 and MetaStock 6.5. I use SuperCharts. As far as system testing goes, for stocks OT is tops if you are simply looking for opportunities and want a painless method to perform systematic screening (I don't trade Futures, so can't comment on the OT Futures edition). If you have your own theories about the S&P 500 index or some other particular trading vehicle, than TradeStation is the industry standard for do-it-yourself system development and testing. TS also has the largest aftermarket if you want to buy someone else's system rather than developing your own.

To: CatLady who wrote (219)	5/25/1998 6:26:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 402

Hi C.L., I've used OT for years, but let it drop about 1.5 years ago mostly because it ran so slow on my system. Now, they've come out with a 32bit version and the new 3.5 is very fast. Even on my P75. The folks at Nirvana say it's for "prospecting" and I think that says best what one should expect OT to do. I'm still groping for how best to utilize its power, but find that it presents an almost endless supply of trade possibilities. That's when I take the possibilities to WOW. I never act on the OT signal by itself. But I rely on other technical work in WOW for a "go buy this" signal. I also don't pay a bit of attention to OT for sell signals. I decide that myself, driven for the most part by my greed/fear factor. From what I've seen and read, Metastock is more powerful than WOW and I think they cost about the same (Pro vers). If you opt for OT, you really won't need system testing, as this will be taken care of for you. OT and your existing MS chart program should be a great team. Ken