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Strategies & Market Trends : AIQ TradingExpert for Windows -- Ignore unavailable to you. Want to Upgrade?

To: B. J. Barron who wrote (594)	6/8/1998 2:54:00 AM
From: Bruce A. Bowman	Respond to of 1176

Hi BJ- I got started with System Writer Plus from Omega. That was the grandaddy of TradeStation in an end-of-day configuration. I was perfectly content with that, but they never maintained it and the runtime Windows V1 had significant problems, so it fell by the wayside. That SW+ used Pascal for coding the indicators and systems, where they use the C language today. Beyond a fancier graphics interface and expanding some capability, TS is conceptually the same as that early version. OmniTrader 1.0 was my attempt at "updating" my TA s/w (actually, I bought it before they had it ready), then came 1.1, 1.5, 2.0, 2.1, 2.2, 3.0, 3.1, and then 3.2 was my last attempt to make OT work for me. Enough is enough. I never did make $$$ consistently with OT (except with 2.0), mostly I lost $$$. Yet others claim they're doing great. Even though the concept appeals to me, I guess it just wasn't right for me. When OT 2.1 was such a bust, I bought AIQ and then a whole series of other s/w in a desperate attempt to make automated s/w investing work. Unfortunately there's no substitute for understanding what you're trying to do in the market, whether it's TA or FA or the newest fad phrase RA (rational analysis which combines TA and FA). Hard work is a necessary ingredient for success, but it's not the only ingredient. There's a very insightful remark in Connors and Raschke "...In case you haven't already realized it, the residue of hard work is luck." So true. But the hard work needs to be focused and guided by a good trading plan. In AAII's Stock Investor, I found a couple good trades using the Graham Enterprise screen, e.g. HAVT which has been profitable, but like many of these kinds of stocks it takes patience. The Phil Fisher screen for growth stocks is another one I like, but you have to be cautious that you don't get in when a stock is extended. All these still take some chart work. re: D/D and Telescan and AAII Stock Finder... there's a common denominator among these 3: Market Guide supplies fundamentals data to all of them. I suspect Market Guide may be the source of the missing fundamentals info in both D/D and Prosearch, which casts doubt on Stock Investor. I think once you give EDS a try you'll see it's very easy to use. The process starts with a scan which is then adapted to a test. Then after you look at the results you can go back and adjust the scan and retest. Pretty smooth operation and it's quick. I wanted to mechanize AIM trading in it, but that's far beyond what EDS can handle. I burned out on custom indicators a long time ago... I'm more interested in trading systems using standard indicators. Maybe the way to deal with Asia is to trade the closed-end funds that invest there. They're all at substantial discounts right now. I'm trying to track down a few of these funds and see what the charts look like. If anybody is aware of any, I'd appreciate getting the symbols. Bruce