Omnitrader

This is a discussion on Omnitrader within the Trading Software forums, part of the Commercial category; Just downloaded a demo of Omnitrader. Looks impressive - does anyone else use it? If so, how do you find ...

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Old Dec 11, 2000, 8:00pm   #1
Joined Nov 2000
Question Re: Omnitrader

Just downloaded a demo of Omnitrader. Looks impressive - does anyone else use it? If so, how do you find it? Is it easy to configure, and does it live up to the hype? Does it have any problems/ annoying glitches? I'd be interested to know - I am only doing well enough to buy one piece of software at the moment, so I want to make sure its the right one!!
Thanks for your help
Mark



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Old Dec 11, 2000, 8:40pm   #2
Riz
Joined Nov 2000
Post Re: Omnitrader

Hi Mark,

I don't use it..but I am also interested..can you tell me how to download the demo?

by the way I am glad you're over the exams and back and around...

rizgar
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Old Dec 11, 2000, 9:29pm   #3
Joined Nov 2000
Thumbs up Re: Omnitrader

I have been using for a couple of months now and it has more than paid for itself.See the recent thread EDS problem(ARK) for some more comments but I basically like its "adaptive" approach whereby it optimizes (via backtesting) all the parameters of all the various indicators to produce the signals which are CURRENTLY working best.These will almost certainly change the next time the tests are run (usually every 5 days) to reflect the market at that time.In this way it attempts to provide good indicators in trending markets and in trading-range markets.By using various filters you can reduce the number of signals to look at to a reasonable size and do further research on these stocks.I know lots of you use AIQ which I tried but found it did not suit me so I am very happy with OT.No real glitches to speak of and Chris Byars and the support team in the U.S. are very helpful.My only real problem at the start was to want to trade almost every signal it gave which was stupid since it(like everything else) is not perfect but I soon learned to wait for confirmations,"filter" the signals myself and now feel much more confident that I can make a successful trade(and it gave me OGS for this morning!)
Good luck!
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Old Dec 11, 2000, 9:50pm   #4
Joined Nov 2000
Thumbs up Re: Omnitrader

titus-uk started this thread Hi spock - glad you answered as I knew you recently bought it. Stupid question, but its an American tool - was it easy to conform it to UK stocks? Does it tell you where to download the info? And most importantly, can someone who is only vaguely computer litereate use it easily!?!

Riz - hope you are well. Yep - finished the exams but didn't pass - only 30% did, and as it was my first time, the odds were against it. Have to try the Edinburgh one in April.

The address I went to was: http://www.omnitrader.com/omnitrader/index.htm
From there, click "free vid and demo", fill in some contact details, then it allows you to download the demo. Whilst I will check metastock, I have to say I am impressed. And I know Dr Iraj liked it, which is a recommendation in itself. Tell me what you think.
Any more comments from other users will be most welcome!
cheers, Mark
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Old Dec 12, 2000, 5:15am   #5
Joined Nov 2000
Smile Re: Omnitrader

Titus-
No problem with U.K. stocks on OT and can seemingly use almost any data provider though I found it very difficult to use Prestel because you need extra software and like you I am completely computer illiterate.
I now use Regisdata but Chris Byars will recommend a few providers that make life simple.

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Old Dec 13, 2000, 9:36am   #6
Joined Nov 2000
Thumbs up Re: Omnitrader

titus-uk started this thread Thanks Spock for getting back.
I only have the addres of the US omnitrader, but I have heard Chris Byars name mentioned in the past. Do you have contact details for him? Much appreciated if you could post them.

Riz - did you get the demo? What did you think? Interested to get your thoughts. I am also going to get the demo of metastock just to see from the address given by John. Keep you posted,
Mark

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Old Dec 13, 2000, 3:28pm   #7
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Titus-
Chris Byars is at Signal Trader-0207 352 8179
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