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Registered User
Joined: 6/15/2008
Posts: 1,356
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cat out the hat?
Now that they have full control with the server/cloud based TC, worden starts charging extra for certain features.
By the way the manual drawing and calculation of suppor/resistance, targets etc.. can all be fully automated with stockfinder, programmed in realcode in an objective manner.
TC still seems like big step backwards to me.
what's next? extra charges for customized code running on their servers, with no control for the users?
Hmmm. I don't like it.
With trading going faster and faster these days, I need a system, that not just pulls up a chart fast (which TC does, I must admit), but more importantly can sort/scan based on criteria modified to my needs, which only can be done in RC.
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 Gold Customer
Joined: 6/12/2005
Posts: 255
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Hmmm...lets see...1 alert is $.10 per day, 10 alerts is $1.00 per day x 365 days is an additional $365.00 per year for 10 alerts ! What kind of Alien Server Farm did Worden buy? Do they think we are insane.....looks like another Bank of America $5 / month scam. By the way....the TOS alert system is FREE.
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Administration
Joined: 9/30/2004
Posts: 9,187
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It's $.01 per stock per day. So 10 alerts would be 10 cents/day, or $36.50/yr in your example. It would actually be less because only market days count.
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Registered User
Joined: 12/8/2004
Posts: 15
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Where do I find the additional costs for features?
Where are new costs posted when activated?.
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Administration
Joined: 9/30/2004
Posts: 9,187
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You will be notified (either by email or mail) when the new alert monitoring becomes available and what the costs will be.
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Registered User
Joined: 6/13/2011
Posts: 88
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Why would anyone want to pay for alerts or pay twice.
Your brokerage has any alerts you want for free. And you still need a brokerage to trade - right. why pay twice for something you already have?
If you per example have an Ameritrade account - they provide you for FREE the ThinkOrSwim platform. Even if you don't know how to program they have hundreds of indicators already preprogrammed into the system for you to just change the settings for your alerts, or scans, or else.
They also provide Option data on the fly.
And if you know how to program and mind to learn the TOS scripting language, which is easy, you can program any alert or scan or else that you want. And that is for stocks, options, and forex.
More important, if you have a data problem and you can document it - then you can always go back to them. You use third party data for your trades or research - your trade goes bad because of discrepancy on the data - and YOU are out of luck.
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Registered User
Joined: 6/7/2009
Posts: 142
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Will these new alerts be TRUE real time alerts - in other words, if I set a price alert for a stock when the price hits $10.00, will I be alerted the instant it happens - or will it be a delay of up to 1 to 2 minutes like it is now?
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Registered User
Joined: 5/9/2010
Posts: 144
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MR. BILL BLAKER, I believe the reason could be. The EMailed Price alerts could be formed into some form of automated trading Substitute. Please, correct me, if I am wrong?
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Registered User
Joined: 6/13/2011
Posts: 88
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QUOTE (Jpetesmith) MR. BILL BLAKER, I believe the reason could be. The EMailed Price alerts could be formed into some form of automated trading Substitute. Please, correct me, if I am wrong?
Well of one thing I am very sure. IF you are trying to automate your trading you would be adding an additional layer by using any 3rd party tool. And that would slow and complicate things more than they already are besides if anything goes wrong with your date you have no recourse since your broker will not be willing or able to verify your third party data.
The most basic level is to use your brokerage resources directly.
You can certainly set a trade based on an alert on most plataforms. In many of them based on conditional statement.
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Registered User
Joined: 6/13/2011
Posts: 88
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Sorry I meant trade instead of date.
And by the way, I am not sure how long you have been trading, but anyone in the profession knows that Wordens provide a fairly good tool to scan - and that is it.
The application has no basis as a real trading platform or any trading platform for that matter. It just doesn't have it.
If you are really interested in trading you should be looking at tools better designed for the task as bloomberg terminal, tradestation, thinkorswim, etc.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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My two cents: Both my brokers offer a smorgasbord of true real time alerts in addition to the third party platform I use that integrates seamlessly with both, free QuoteTracker. The alerts are an audio signal and/or visual onscreen popup, and offer several options for customizing such as price, volume, text/email, etc.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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While I don’t really care if someone wants to use an alert or its cost,
I wish they would completely fix ver.12 before offering add-ons.
For example:
http://forums.worden.com/default.aspx?g=posts&t=54151
Thanks
diceman
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Gold Customer
Joined: 6/12/2005
Posts: 255
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Agree 100% with you diceman. We've been told numerous times that all the legacy functions would be retained in new versions of the software however many good functions are still missing. On the surface it appears we bought into an Entrepreneural system that's a bit ADD and enjoys building things but never finishes anything. Who knows what they're working on next ...perhaps a rebirth of Blocks 13.0 in the "Cloud" ! It's getting a little old trying to continually update our knowledge based on the whims of Worden.
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