Ensign Windows and eSignal Data

Discussion in 'Data Sets and Feeds' started by Lancer, Jun 15, 2001.

  1. tntneo

    tntneo Moderator

    quickly I respond, [you can use the 'quote' feature, instead of retyping someone's text by the way :)]

    Yes, that sucks. Join me and let's convince them.

    some european futures markets would not update in realtime. again, let me point out it is easy to fix. It is only a pity that's not done fully automatically.

    eSignal has always been very kind to me. I do notice once in a while a pause, but because I have other providers I know it is all of them at the same time [probably some burst in my ISP's networks].

    you can modify the data in Ensign in case of bad ticks. Bad ticks are as common as with other packages. but I like the auto censor mode of qcharts. eSignal does not have this.
    You know what ? the great thing with ensign is you can code your OWN bad tick filter, in real time !!! yes, that's right ! it's a pretty good piece of software.

    #11     Jul 27, 2001
  2. novembr



    since you seem to have lots of experience with system developing/ backtesting, what do you think of tradestation2000i for a programming-illiterate trader? :). i know you favor the ensign/esignal combo, but easylanguage seems to be easier for me to handle (?), i'm looking for a simple, relatively easy system developing/backtesting for intraday trading on stocks/futures.

    #12     Jul 29, 2001
  3. Lancer


    Thanks everyone, especially tntneo, for your very useful user reports.
    #13     Jul 29, 2001
  4. tntneo

    tntneo Moderator

    Tradestation is the reference. Anyone offering a backtest software has to compare himself to Tradestation.
    Easylanguage is probably easy enough to learn. It comes with many examples of strategies and how to code them.

    there are serious drawbacks to Tradestation though :
    - some entries might be difficult to code [stop orders limit] because TS makes too many assumptions. so when you have a strategy with a different approach than 'simple entry at open next bar', it can be tricky.
    I usually want full control on entry including limit and slippage control and simulation.

    - reports are useless although they are plenty. this is because results have priority on $ instead of percentage. $1000 on a $5000 account or $75000 that's not the same. you need to export results to another package [I don't remember if it's possible].

    - support for intraday realtime trading is poor and awkward in TS2000. This is addressed by TSPro Online [which I did not test yet, although I have seen it at TradeStation Show in New York].

    This is a bit negative (!). Don't get me wrong, I used Tradestation for quite a while and it was interesting. It is true the software is very organized and helps you build trading strategies in an organized way. It has an interesting approach where you can combine/filter signals. So it is good to learn.

    However, there are better software for the money available now. My best recommendation :
    try http://www.wealth-lab.com
    it is free for the end of day online version. You will be able to define strategies, test them and do all kind of things. Users will help you a lot too.
    If you feel confortable with it, then you may consider Tradestation or Ensign or RavenQuote etc.. That's the best test to see if you can program strategies even though you are not a software engineer.

    #14     Jul 30, 2001
  5. novembr


    thanks neo, i'm looking into wealth-lab.

    #15     Jul 30, 2001