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Replies to post #2 on GB Zone

Replies to #2 on GB Zone

Karl50

05/11/06 3:53 PM

#3 RE: gnawbone #2

Hi. Nice charting but you have to get the result numbers. The thing I like about tradestation is you can back-test strategies and it will give you very detailed reports. Returns, trade dates, %of returns, equity graph, etc... (endless) I really love that feature.

The system also lets you optimize settings to improve returns. The computer will automatically optimize whatever you want it to. Great feature also but beware not to curve fit formula's.

1)Ease of programming.... Not easy enough for me because I don't have time to learn. But because tradestation is so widely used they have specialists that are independent programmers that will program any strategy you can put down on paper for an hourly fee. I found a local guy who charges me $50.00/hr. I had the RSI5 strategy totally programmed for $100.00. We'll worth the price for no headaches if you don't want to learn. I just have no time running my own business.

2)Data quality: Perfect Data with no problems. Live feed and "HUGE" back data up to 15 or 20 years. I don't remember exactly. The tick data they have even as far back as 10 years I think.

3)Is there a way to automatically optimize a trading systems back tested performance?: Again Yes they do have that optimization feature which is a killer application. Love that to play with parameters of what if's.

4)Customer support quality? Perfect. I can place trades over the phone and get software support over the phone 24 hours a day since they are a futures broker and need people on stall 24 hours a day during the normal trading week.

I used to trade with Ameritrade and TradeKing but when I signed up with them I closed all my other accounts. Their executions are super fast and great fills because of the speed. I think you get the idea.

Good luck.
Karl