MetaStock vs. TradeStation

@Murray Ruggiero

Your "comparison table" is completely incorrect when it comes to AmiBroker. Even considering 2004 status quo.
Back then AmiBroker already INCLUDED money management for both futures and stocks, included optimization across basket of markets,
customized reports, full featured programming langauge (not ONE but actually THREE - AFL, JScript and VBScript plus programmability with ANY language via DLL).

Also incorrect information is supplied in your table for WealthLab.

Regards,
Tomasz Janeczko
amibroker.com
 
Quote from amibroker:

@Murray Ruggiero

Your "comparison table" is completely incorrect when it comes to AmiBroker. Even considering 2004 status quo.
Back then AmiBroker already INCLUDED money management for both futures and stocks, included optimization across basket of markets,
customized reports, full featured programming langauge (not ONE but actually THREE - AFL, JScript and VBScript plus programmability with ANY language via DLL).

Also incorrect information is supplied in your table for WealthLab.

Regards,
Tomasz Janeczko
amibroker.com
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Yes, the comparison with all products is wrong.
 
When the comparison chart was done we some of the products we had first hand knowledge of while others we did not. We used the content of the web site in order to put this together for AmiBroker. This was not done intentionality. The problem is that sometimes things slip though because we have many people working on this product,support and marketing.
I designed TradersStudio, work with the development team and support people reports to me. Sometimes I delegate to others in my company and things like this can happen until someone points it out.

We both have software which sells in the space , that is a fact. My software allow people to use existing Easy Language code with just a few mouse clicks, while yours does not, that is a fact. It is also a fact that our software is not a internet download it comes with over 400 pages of step by step bound,indexed manuals, shipped on a CD. Our documentation in my opinion is the best in the business.
 
TradersStudio has declare statements which will let you call old fashion 32 bit DLL's, from our language. You could also write a wrapper for them in VB 6.0 or C++ which will make them COM objects which could be called directly from TradersStudio basic without having to include declare statements in your TradersStudio basic code. If you don't use code which access TradeStation internal buffers in your DLL, I think it called tskit.dll, it will work.

TradersStudio addin capabilities are modeled after Excel, you can even write addins which will add menu's to TradersStudio so you can even have your own dialog boxes in the addins if you write com servers in VB 6.0 or C++.

Please look at the LanguageReference help file. At the end of the help file the last Item is Developers API for VB 6.0 . This chapter will answer your questions.
 

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Quote from Murray Ruggiero:

The current version of TradersStudio the translator support code up though 6.0 including of course Tradestation 4.0 and Tradestation 2000i. I am not sure if we are going to try to keep up with the current versions of TradeStation. Our goal is to give the core , old 4.0, 2000i user a new home, without having to lose their EasyLanguage investment.

TradersStudio basic a hybrid of Excel VBA and EasyLanguage. I have included our language reference help in this response.

First , I don't know how soon TradeStation will release this portfolio level testing but I am sure it will not be as easy to use or a powerful as TradersStudio because TradeStation was not designed from the ground up as a portfolio optimization tool. In addition we have special backtesting and money management for stocks. Most likely it will be an addin ,and not built into the design of the product. This is why portfolio analysis is only 1-2 mouse click with TradersStudio even if you are analyzing 100's of markets.

One thing you get from a small company is the fact that we respond to our users very quickly. A large company like TradeStation or Metastock or Fidelity can't do that.
What make you think that TradeStation portfolio testing will be a work of art when they have not been able to do this for 10 years!. Another big issue is that with our product you can have your own data vendor and broker. Remember TradeStation business is brokerage, the Trading Platform is secondary. They want you to have a large and active account with them to get the software for free. Otherwise you need to pay by the month, with TradersStudio it is yours to use without addition fees. Remember Trading software is our bussiness , TradeStation main source of revenue is brokerage. Here at TradersStudio we are focused on our customers software needs.

Yes currently we are a End of day platform , daily charts. Our real time product is in beta and we hope to have it released for March 2006.

I have included both the Language Reference and our global macro reference. Please review the video's on TradersStudio

Overview sessions and portfiolo testing
http://www.tradersstudio.com/Default.aspx?tabid=81
Money Management
http://www.tradersstudio.com/Default.aspx?tabid=82

Global Macro's
http://www.tradersstudio.com/Default.aspx?tabid=121

TradersStudio power is amazing, for example combining TradersStudio Global Macro's and Excel we were able to write a walk forward optimizer which we ship for free with TradersStudio. This is a powerful example of what this product can do.

We also ship a optimal f money management macro free , which uses Excel and TradersStudio to perform optimal f based money management.

http://www.tradersstudio.com/Default.aspx?tabid=36
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I tried to open the languageref.zip file, but my PC
showing empty link?:confused:
 
I just tried it and it worked , Not sure why you had a problem. Another option is that if you are login to TradersStudio you can download the language reference from this site. In order to be able to login you need to register which is free. This will also enable you to watch and download many free tutorials.

Register link

http://www.tradersstudio.com/Default.aspx?tabid=56

Link for the on line help files

http://www.tradersstudio.com/Default.aspx?tabid=58

Here is how to get there from the site menu

Support->Product online help menu
 
Quote from OptionScreen:

Every tradstation version can do this [backtesting], except superchart (TS4).

...Tradstation can do both RT and historicaly , you can use strategy position & strategy performance catogary functions in your system backtesting.

print(printer, "this is the close", close:4:2); writes to printer...
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OK, I didn't RTFM to find the print function. I have thus eaten my keyboard.

Regarding the topic of backtesting in TS, I have eaten my mouse, which for some reason, tastes a bit worse.

Perhaps my opinion of Amibroker's "ease" in backtesting will change once I become familiar with TS strategies and performance optimization, resolutions, etc.

Note that I have typed this response with a backup keyboard and mouse.
 
Quote from a5519:

Yes, the comparison with all products is wrong.
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Can any of these platforms code indicator divergences, i.e. MACD Histogram vs. Price?

Also, where could I find updated comparisons TradeStation vs. WealthLab, and AmiBroker vs. WealthLab?

Thanks.
 
Quote from Murray Ruggiero:

We realize alot of people don't want to switch trading platforms because they have invested a lot of time and money in code they have written. Because of this we developed the a migration tool which can translate 90+ percent of EasyLanguage code so that it can be used in TradersStudio with only a few mouse click.

If you want to see what others are saying about TradersStudio here is a link to user comments and reviews. Including from several MetaStock users.
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Well, it's easy to translate 90% of EasyLanguage when you develop a language that's a blatant ripoff of EL. You could have at least changed "ExitLong" and "ExitShort" to something else (like some of the other obvious keywords).

You may want to correct all of the misspellings in the testimonials. I would not trust any software developer that does not have some attention to detail. The Web site looks like it was designed by a kindergartener.
 
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