[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: NEW ERA



PureBytes Links

Trading Reference Links



Pierre,

> 
> > -----Message d'origine-----
> > De : Lawrence Chan [mailto:stnahc@xxxxxxxx]
> >
> > I hope everybody who enter this software field will truly
> > create something unique as oppose to copy cat and then
> > we will have a truly NEW ERA :)
> >
> > My new year wishes is that NeoTicker's planned features, including
> > portfolio backtesting + optimization will change the face of
> > computer driven technical analysis forever!
> >
> > Lawrence Chan
> > http://www.tickquest.com
> >
> 
> Hi Lawrence,
> 
> I see that you are currently wishing to yourself some success for the next
> years.
> I do not know if the next Neoticker versions will provide us with this
> revoltionnary tool that every trader may expect, but why not...

Actually NeoTicker is doing great. As of the coming 2.6 release (mid Jan) 
it would have surpassed the cross timeframe capability of any TS version 
or any other trading platform that exists right now. 

As NeoTicker is growing better on every release, we do not need to
hope for the better. We are happy with the growth we experienced :)

NeoTicker is not gunning for a do-it-all type of tool.
Instead, it is emerging as the standard for trading related tools 
development.

We prefer making NeoTicker so open that it becomes the choice of 
daytrading for its ease of use and power, with the added ability
for professional traders to tailor the program to whatever way they
want. 

Plus, a breakthrough capability that I will not be speaking of 
at the moment that will change the landscape of trading research 
forever. It is not a feature that create black boxes for you,
but something that has never been done in financial software.

> 
> Unfortunately, the next battle is not there.
> What is missing in the software field is truely intelligence in trading system
> design.
> You may add the features below, but optimization will never add intelligence to
> the
> computer driven technical analysis industry.
> 
> I have had the exactly opposite position for 8 years , since I started to
> develop (or participated to the development) of intelligent trading tools.
> Tradetation and the expected replacements are nothing more than convenient
> automated electronic calculators.
> The intelligence in it is only what you are able to write in the trading system
> language ( EL, VB what you want).

There are 2 main streams of trading - 
1. track and trade many instruments at the same time
2. trade very limited # of instruments at the same time

Most programs take care of #2 and including your neuronet tool, 
a system optimizer, etc. are all tools for #2.

NeoTicker's optimizer is just one aspect of NT that deals with #2.
It handles #1 way better than TS already in terms of massive 
data mining - who else can scan all the stocks traded in US for 
basic price setups with ranking in seconds?

> 
> My expectation is to complete the Safir-Xp projects that will end my 15 years
> research in this industry.
> 
> After setting up a tool able to build and test trading systems from scratch, on
> portfolios and also able to add money management based on the same  100 %
> automated principle, without any human action,  what could I expect more ?
> Do you know that I was at the origin of the first tool of this kind ever
> developped and commercialy proposed in 1993-1994?
> The next tools available came from the US in  1997- 1998, not before.
> 
> So, I will write the books that I planned to write on this story, complete and
> maintain the Safir-Xp project (version 1 already developped  & v2 this year),
> then use it for some big customers.
> 
> You may see that I'm currently wishing the same for me as you did with your
> products.
> Well, after all, if none is doing it for us, we are enforced to self wishing...

I thought you talked about making your tools ActiveX enabled, then
it will work fine with NeoTicker in real time side by side.

Isn't that nice.

> 
> Sincerely,
> 
> Pierre Orphelin



=====
Lawrence Chan   http://www.tickquest.com    
Transform market data into opportunities