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OmniTrader 2017 Technical Support
x-suite
Last Activity 12/9/2018 6:18 AM
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Stumpy

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Subject : x-suite
Posted : 10/13/2017 6:21 PM
Post #42541

once again you release a new system which appears to have fantastic returns but in reality the high brokerage paid by most traders outside the USA will significantly reduce its performance.
To me the brokerage cost is the greatest drag on profitability !!!!!!!!!!!!
Can you please come up with a system that holds trades for longer and has a much greater profit/trade
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Diamondjag

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Subject : RE: x-suite
Posted : 10/13/2017 7:09 PM
Post #42543 - In reply to #42541

Sounds like Australian brokers need to get up with the times. I use Interactive Brokers in the US along with GX Trader... $.005 per share.
Also sounds like you want to do position trading. You might look at this.

http://www.nirvanasystems.com/wp-content/uploads/2016/10/positionTrader.pdf

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wolf

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Subject : RE: x-suite
Posted : 10/14/2017 12:47 AM
Post #42544 - In reply to #42543

Hello,
following Information which I regret to post to give a clear Picture for most European OT users within the European Community:

Investors/Traders etc in Germany and most countries of the European Community (maybe except UK, Switzerland etc.) are faced with following constraints which will have a great Impact on any trading Systems and consequently Profits generated.

- TAX on trading Profits between appox 30% up to 40% in Germany (maybe less or more in other European Countries, but in a similar range)
- Further tax are discussed in the European Community as a result of the great financial crisis during the last decade. Additional tax on each trading Transaction. Most european countries and their tax payers are not willing anymore to cover the cost for stabilization of "Zombie" bankrupt European Banks due to bad Management and high risk financial Transactions of the bank management.
- high Transaction cost. 15 - 20 Euro for each Transaction

I have doubts that Position Trader nor X-Suits with its XLS 19v2 Booster might solve the Problem for a European Trader if you will run a portfolion Simulation with above Parameters on SP100, 500, Eurostoxx 50 etc. Maybe a robust very very Long Term trading/investing solution or buy & hold
So for European Traders the Situation is more critical reflecting trading Profits than for the USA, Australia or probably any other countries

best regards
Wolfgang

[Edited by wolf on 10/14/2017 1:58 AM]

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Stumpy

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Subject : RE: x-suite
Posted : 10/14/2017 7:28 PM
Post #42549 - In reply to #42541

Hi Position trader seems like it may be an answer but looking at its performance as posted by Nirvana every time you open Omnitrader it is still only posting 1.7% profit per trade which is not that good for a position trading system
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