Kreslik.com - traders community since 2006

Hello, my brothers and sisters pirates

many of you are asking me the same couple of questions -

• for how long the NeoTicker discount for kreslik.com members is going to be valid yet:
  
  as stated before, the last day you can apply for the discount is February 28th
  
  
• whether the mininum number of kreslik.com discount participants has been reached yet for the discount to be valid:
  
  yes, it has, so you can apply for the discount and get the software immediately
  
  
• how you can take advantage of this discount ("They told me there's no such discount when I called them"):
  
  if you want to take advantage of this kreslik.com discount, please contact me and I'll forward your request to Tickquest as otherwise they don't deem you eligible for the discount.

Michal

Hi Michal.

I'm thinking that you may have some more converts after the Mar 3-4 weekend. Good reason for extending the deadline?

Geff

I may suggest that, but I'm not the one who is setting the rules for those discounts.

The last time there were a couple of late comers and the discount was not extended for them. I understand why this is so - once you set a deadline, it's a deadline. Once you don't keep the deadline, no one believes in your deadlines in the future.

Michal

What happened the last time? (Does this mean that this offer may come around again???)

I'm heavily invested in TS8.2 and Optimax but I understand that your experience suggests that it's worth the switch.

Migrating to Neo also requires you to pick a new broker and a new data provider. Which did you choose?

Also, will Neo allow you to carry long and short positions in the same account? (Ex: You're long on the GBPUSD for a week but want go short overnight.) TS won't let you do this but I know of several that will. They either call it a hedge or simply tag each position as its own entity; you can close the oldest postion first, the newest or anything in between.

Thanks!
Geff

geff wrote:What happened the last time? (Does this mean that this offer may come around again???)

The last time there were a couple of traders who applied after the deadline. Their application for the discount was, unfortunately, not accepted. But they knew beforehand what the cutoff date was, so that was not the fault of Tickquest.

Although I can't guarantee that, it's very likely that there will be other NeoTicker discounts for kreslik.com members. I think the next one will be sometime around September 2007.

geff wrote:I'm heavily invested in TS8.2 and Optimax but I understand that your experience suggests that it's worth the switch.

I know first-hand I invested time and money into Tradestation 8.1 and Grail Genetic Optimizer. GGO was discontinued due to a complete lack of cooperation of TS with the GGO author. This was also one of the reasons why I quit with TS. I believe Optimax's support was discontinued for the same reason later if I'm not mistaken.

geff wrote:Migrating to Neo also requires you to pick a new broker and a new data provider. Which did you choose?

Well I'd rather say it finally allows you to pick a broker You can't pick a broker with TS - you are doomed to trade via Gain capital that offers articifially widened spreads and you can't automate your forex strategies with Tradestation.

NeoTicker's API is publicly available so brokers (or Tickquest, or anyone for that matter) can write an order interface between NeoTicker and some particular broker. That's what I call openness. Currently I'm using EFX for Forex trading via NeoTicker which is a subsidiary of MBT. They offer true interbank quotes and no dealing desk.

geff wrote:Also, will Neo allow you to carry long and short positions in the same account? (Ex: You're long on the GBPUSD for a week but want go short overnight.) TS won't let you do this but I know of several that will.

You see - this is a perfect example how the "platform" issues and the "brokerage" issues are dangerously intermingled in Tradestation to the customer's disadvantage and total confusion. NeoTicker allows you to do anything that's allowed by the broker you are connecting to with NeoTicker. Remember - NeoTicker is simply a platform, not the brokerage. That way they are always on your side (as opposed to the brokers).

In this respect, imagine NeoTicker rather as an internet that allows you to connect to your broker. The functionality you are requesting (hedging) does not depend on the internet, but on your broker only.

So if your broker supports position hedging, you can enter long and short positions at the same time and your automated trading system can do the same directly from NeoTicker. FXCM broker started offering this functionality recently. There exists order interface between NeoTicker and FXCM, so you can enter hedged positions from NeoTicker that will be held at FXCM.

Michal