To: TechTrader42 who wrote (8578 ) 2/4/1999 8:47:00 PM From: deep_rough Read Replies (3) | Respond to of 11149
Well, Brooke, beauty is in the eye...; different strokes...; one person's...;...To each his...; and every other pertinent aphorism you can think of. Everything is relative. Compared to TC2000 Easyscans, I think QP2 scans are very difficult to write. Compared to QP1 scans, I think QP2 scans are difficult to write. My opinions are all based on personal experience. I could never in good conscience recommend QP2 to anyone who isn't familiar with programming, or who doesn't want to spend a great deal of time learning the nuances so the scans will perform as desired. I literally learned to write TC2000 scans in 1/2 hour. The documentation explained it completely; unlike QP2's virtually nonexistent documentation. I didn't need help files, support groups, or canned scans. It's simple, and it suits my needs. Yes, learning TA takes a lot of hard work and study, but I don't see how that relates to the ease of use of QP2 scans. If one can satisfy the needs of his or her trading style without learning a cumbersome scanning protocol, why not? If you feel that your style requires the versatility of QP2's scans and you don't think they're difficult to write, that's fine for you. Whatever works, right? Regarding TC2000's formulas for stochastics; I don't use it. Nor do I use ADX, DMI, CCI, Fourier, SAR, or any other indicators. After studying TA for 38 years, I'm down to two screens: my left eye and my right eye. They seem to work a lot more consistently than those others. After all, TA is just price, volume, and time, isn't it? Everything else is just another permutation. If you're looking for patterns like selling climaxes or range breakouts, you don't need QP2. When I speak about data reliability, I'm not referring to downloading. I mean accuracy. On numerous occasions, I've had TC2000 turn up a stock that QP2 shows hasn't been trading for days, or weeks. It's usually due to a symbol change that QP hasn't picked up. It happens most frequently when a "D" is added to the symbol. That was an additional contributing factor to my using TC2000 as my primary program. I doubt that I'm the only one that feels as I do about the scan language. If Gary Lyben is indeed working on a simpler program, I can assure you he's not doing it just for me. I look forward to seeing it. If it makes me forget TC2000, I'll be a happy guy. Happy scans, Gary