Well Well Gators8385, what has Omni done to you?
I could respect your opinion if there were not glaring contradictions in your post (which incidentally is also repeated on another thread).
For those who do not know what OT is they will not realise your contradictions so I will explain. First the most important:
You state that OT is never right and then go on to say "Learn technical analysis". What is OT?
A tool that is as complex or simple as you want. To state that OT is crap is to state that tech analysis is crap.
OT is a data mining tool. You set up what you want and OT will find stocks that match that criteria. For example, some people want to analyse stocks where the 20 & 40 day moving average has crossed. Set that up in OT and it will list all stocks meeting that criteria. The more criteria you add, logically the less stocks will be returned.
If someone learns tech analysis how is he to find stocks that match his systems, trawl through thousands of charts every day? Of course not, he (sorry ladies, you are not excluded) needs a tool to enter his criteria and find those stocks that match the criteria.
That is all OT does, find stocks that meet any given criteria and also backtests those criteria.
You go on to say that you have used OT for 3 years and bought all the add ons, why? If something was such crap why did you pay for at least 2 upgrades and all those addons? I personally would not keep throwing money after something that did not work.
Did it never occur to you to call tech support and say simply "hey guys, this is not working". They almost certainly would have tried to guide you. Failing that why did you not ask for your money back?
Finally, you state that there are many dissatisfied OT users citing the number of copies for sale at ridiculous prices. On ebay there is 1, 2004 version at $150, there are a few on this site but all are pre 2005 versions, clearly people who have upgraded. BTW there are also an equivalent number of Metastock packages available!
Finally, as I have stated on these boards, I use OT end of day with profiles created by Signal Trades specifically for the UK market. It works for me. Why. Because I look carefully at the signals and use judgement prior to trading.
That is where we agree, to trade you need to know technical analysis. OT is not an black box, push the button and make money tool. Sadly that product is not yet available from anyone. We all need to apply judgement whatever tools we use to trade. |