OmniVest User Forums
OmniVest Success
An unabashed plug for OmniVest
4 replies, 1004 viewings
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OmniVest User Forums
OmniVest Success
An unabashed plug for OmniVest
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Last Activity 7/22/2015 1:06 PM 4 replies, 1004 viewings |
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Jim Dean Elite   Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA  User Profile |
If you look thru the thousands of posts I've done on the various forums, you'll see that it's rare for me to "promote" particular Nirvana products - mainly because the needs and goals and resources of each person are different. Nirvana is a very CREATIVE company - as a result there is a huge selection of things to choose from. I try to limit my recommendations to options that I think are likely to be highly valuable to many types of people. I've consistently promoted OT Pro, for instance, since it opens up unlimited worlds for customization of Indicators, Systems and Stops - enhancing OT across the board - and leveraging almost all of the plugins by opening the door to incorporating their specialized function-calls (indicators) into your own way of doing things. I've also promoted Strategy Wizard as the most valuable plugin, since it saves huge amounts of time by automating experiments, and it too "leverages" other canned and custom strategies by allowing you to tune them. Through that process, you discover hidden interactions - ones to avoid and ones to focus on. I've occasionally promoted a few of the other "method" plugins like Seasonality and GroupTrader, but they're in a third tier compared to Pro and SW. I say all that to say this: I've come to believe that OmniVest's value falls into the "great for almost everyone" category - equally to the value of OT, Pro, SW, Seas, and GT combined. It's a different beastie - addressing the BIG picture of money management and risk control and portfolio management re diversity and hedging and market conditions and group rotation. Taken together, those capabilities are more important, even to a "details" guy like me, than my personal intellectual hesitancy using "graybox" systems. OmniVest is still growing - but it's past the "toddler" stage now and really coming into its own over the next several weeks and months. It will IMHO "put Nirvana on the map" in ways that OT and VT could never accomplish. It holds the key to appealing to hundreds of thousands of people (if they wake up to smell the roses). That is why I'm taking the time to encourage y'all to get into it now. The cost of doing so will definitely rise over time - and the door of opportunity to get lifetime access and unlimited strategies will close as it's popularity grows. So I hope y'all will forgive me for "bubbling on" about OmniVest. It's cost is nontrivial, but definitely worth every penny. I've come to think of OT as the laboratory, and OV as the bank. [Edited by Jim Dean on 3/25/2014 9:11 AM] | |||
| Mark Holstius Elite   Posts: 744 Joined: 10/11/2012 Location: Sleepy Hollow, IL User Profile |
This is an amazing piece of software & we're just starting to tease out all its capabilities. Mark | |||
| Steve2 Elite Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD User Profile |
While I've been a Nirvana customer for 12 years, I previously only used their products to support my "trading hobby". However, that has all changed with OmniVest. I believe this service is the future of portfolio management and is a superior alternative to holding mutual funds. I'm now using it to manage a significant portion of my investment capital. [Edited by Steve2 on 3/25/2014 9:05 AM] | |||
| kmcintyre Elite Posts: 890 Joined: 10/11/2012 Location: Portland, OR User Profile |
OmniVest is a great product in its current form. The future enhancements Ed has shared, including dynamic lists, cloud-based Trade Processor, metered entry orders, etc. should prove to be significant improvements. Add some tools for portfolio creation, optimization and switching and look for even better returns. I'm very happy with my investment. I've moved a substantial portion of my assets to OmniVest. So I've put my money where my mouth is. Thanks, Ed and team! Cheers Keith | |||
| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
I thought this was a particularly insightful way of looking at it. Further to that ... SO much in the trading world depends on the "bent" of the person who's doing the trading. There's no "best way" (altho there are a lot of "bad" ways). IMHO the important thing, re detail and understanding of stuff, is a person's comfort level and trust level. I often quote the maxim "I'm from Missouri" ( the ShowMe state ) ... it's sort of a curse ... I find it difficult to be comfortable without understanding the things that are relevant and significant to the issue. OV Systems, taken individually *by themselves*, are somewhat "uncomfortable" for me (the "details" guy). I considered OVest Systems originally to be "blackboxes", but with V2 & upcoming "transparent" features I now think of them as "grayboxes with a silver wrapping" ... the two reasons being ... 1. Since the OV paradigm "melds" many Strategies together, the individual significance of the "black" nature of each System (part of the "Strategy" = System+Dir'n+List+Condition) is "wrapped in silver", and my confidence level is augmented by the ability to define direction, lists, and filter conditions, plus the WELL understood and user-controllable processes that OVest entails. 2. The fact that OVest mixes many strategies together dynamically, reduces the "significance" of lack of transparency of any given System in it. It's like adding two numbers together ... one billion, plus 13, is still for all intents and purposes one billion. Btw, the terminology is awkward. An OT "Strategy" is a "System" in OVest ... and OVest Strategy is that System plus the qualifiers you add. Maybe they will change the terms later on to reduce confusion. Understanding OT is valuable and a necessity, when you want to dig in, and be creative, and know what's going on inside-out with a strat, BECAUSE you created it. Or when you just GOTTA do it your way. When Elite Trader is activated, and able to feed custom Strat's to OVest, that will fully engage OT in the process. This is a perfect example of how the Aristotle-quote in my signature-line should be applied ... [Edited by Jim Dean on 3/26/2014 1:22 PM] |
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