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Re: MuchCompensation post# 38398

Tuesday, 11/20/2007 11:21:32 AM

Tuesday, November 20, 2007 11:21:32 AM

Post# of 91931
Actually, TD Ameritrade offers 3 different platforms that allow for some degree of automation RIGHT NOW. I use one of these, StrategyDesk, with one of my TD accounts EVERY DAY as my primary charting package for realtime data, but it is absolutely not even remotely comparable to Spooz.

The other two packages are also deficient in major aspects. As a matter of fact, I have personally spoken with the CEO of each of these three companies (and licensed one of them before rejecting it as inadequate), and I could, if I weren't involved in day-trading every day, write a comprehensive review of each one.

One, for example, requires you to pick 100 stocks and you can not automate pinkies. To use it, I basically got consumed with "pruning" my list of 100 stocks every night. I've done this. It is not theoretical. I wasted innumerable hours pruning the Bansai tree. Trust me... there are better ways to spend a summer evening. In actual use, it limits you in so many ways that it is better if you avoid the busy work it requires... if you actually intend to get anything done, that is. The automatable solutions from TD Ameritrade (and every other solution I have explored in my 6 month search for a replacement solution) confine you and consume your free hours in order to use them. That has been my first hand experience.

Late last spring, the trading robot I licensed made a disasterous decision from my point of view. The company that offered it to me as a monthly license decided to "go institutional". To use it today, you have to pay an exorbitant fee. They deliberately chose to target "institutional" (read.... higher monthly fee) users and ran all the retail users, like myself, off. So, I lost my trading robot.

Thats right, folks. I am an experienced user and developer of automated trading "bots". With this horrid state of affairs having happened, I was forced to hecticly begin trying to find a replacement solution. I know that of which I speak as regards the products mentioned above because I have had to be involved in evaluating them.... and others, available elsewhere, by the way. I have not yet found a satisfactory replacement for the trading robot I lost on June 1st.

I began to test alternate products, such as the three currently being offered by TD Ameritrade. As such, I can tell anyone and everyone the results of my real-money testing: there are huge drawbacks that make every one of the ones I have explored wholly inadequate.

It simply comes down to design: Spooz is a better solution because of it's baseline... its starting point. Being Excel compatible and offering you a scripting language that can be used tooutput code that can be compiled to C++... these two elements alone make all the difference in the world when actually attempting to create custom trading "bots". Also, the peculiar mix of feature found only in Spooz make it head and shoulders better....

A better body of ideas upon which to base any attempt to develope a "black-box" custom trading system. Its simply a better body of ideas that have been mnifested as a better collection of tools. I have already begun the interface necessary to be prepared to employ my own bot when SpoozTools gets released. Rubber is meeting the road, folks, as we speak.

And note this, everyone: I know these things because I am even today in the midst of the developmental cycle of which creation of a custom "black-box" trading "bot" consists. I develop trading robots. I've been doing so for many moons, folks. When I first found out about Spooz, I latched onto it without a moment's hesitation, because, having an exerienced eye in this arena, I instantly understood in an EXPERIENTIAL manner, that the very approach they have taken is a superior body of ideas. Its as simple as that.

I do not particulary care whether those who are convicted to other opinions agree with me. This is not a popularity contest. If I fail at this, I fail financially. This body of ideas, SpoozTools and its other related products, is simply a better body of ideas. Take it or leave. I don't have time to waste arguing.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."