|
PureBytes Links
Trading Reference Links
|
Lionel:
My comment was not about Powerscreener, but rather about fundamental data in
general. It's much harder to pin down fundamental metrics than O,H,C,L,V.
>From: "Lionel Issen" <lissen@xxxxxxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: <equismetastock@xxxxxxxxxxxxxxx>
>Subject: RE: [EquisMetaStock Group] MS Version 10 Powerscreener
>Date: Sat, 30 Sep 2006 12:50:51 -0500
>
>Ron:
>
>
>
>Thanks for sharing your experience about Power Screener.
>
>
>
>I shall peek at the Motley Fool list.
>
>
>
>Emanuel Derman, author of my "My Life As A Quant", has made a number of his
>talks and papers available at his web site
>http://www.ederman.com/new/index.html
>
>
>
>Follow the links on the left side of the page. They wont teach you how to
>be
>rich but you might find something helpful.
>
>
>
>He points out that no model is perfect and should be used with a skeptic's
>attitude.
>
>
>
>Regards,
>
>
>
>Lionel Issen
>
>
>
>PS. Was your neighborhood affect by the 911 toxic cloud?
>
>
>
>
>
>
>
>
>
> _____
>
>From: equismetastock@xxxxxxxxxxxxxxx
>[mailto:equismetastock@xxxxxxxxxxxxxxx]
>On Behalf Of Ron Berlin
>Sent: Friday, September 29, 2006 10:17 PM
>To: equismetastock@xxxxxxxxxxxxxxx
>Subject: RE: [EquisMetaStock Group] MS Version 10 Powerscreener
>
>
>
>I have always found that fundamental data is really dirty. It will be
>interesting to see if the feed is any better.
>
> >From: johndoetrader18 <no_reply@xxxxxxxxxx
><mailto:no_reply%40yahoogroups.com> s.com>
> >Reply-To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
>yahoogroups.com
> >To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
>yahoogroups.com
> >Subject: [EquisMetaStock Group] MS Version 10 Powerscreener
> >Date: Thu, 28 Sep 2006 15:17:19 -0000
> >
> >PowerScreener works just like all the professional screeners using
> >fundamental and quantitative data. There are two versions. One is
> >scaled down for about $1000 a year and the professional one costs
> >several times more than that. I think it's around $3000.
> >
> >Just like with any other screening program, a list that meets the
> >criteria can be generated and then the symbols put into MS for TA
> >screening. No mystery there.
> >
> >MS is suggesting doing the process backwards. Screen TA first then put
> >the symbols in PowerScreener to see if any of them meet the
> >PowerScreener constraints.
> >
> >I think all that they done is to link the explorer list to
> >powerscreener so you don't have to type in the symbols. By doing that
> >they can advertise that PowerScreener and MS are now combined which
> >will get a those addicted to endless testing very excited. If someone
> >can think up a thousand back tests to do using TA, then there will be
> >10,000 tests they can do when fundamental screening is combined with
> >TA screening. The end result will be complusive testing which has
> >absolutely nothing to do with making money.
> >
> >If Equis can get $500 a year from Reuters price and vol data and they
> >can sign up a PowerScreener customer, the price jumps to $1500 a year.
> >Triple those perpetuity fees by getting one customer to sign up, and
> >now we're getting somewhere a lot faster than trying to find three
> >more MS users to generate the same revenue when the number of traders
> >is dropping off every year.
> >
> >The best way to use a screener is to generate the list first with
> >PowerScreener and then put it into MS. I doubt MS 10 works any better
> >than simply using the two programs separately.
> >
> >Can you back test this method. NO
> >
> >There are back testing programs for screeners. The good ones go for
> >about $5000 a year. There are some that cost less and some that are
> >free. Of course the free ones are worth what you pay for them. None of
> >them combine TA and fundamental screening and back testing.
> >
> >If Reuters combined back testing with MS, I would expect they would
> >charge $3000 to $5000 per year. They won't offer the service to the
> >individual trader. It will be an institutional service.
> >
> >If you want to see the free ones, join the Motley Fools Mechanical
> >Systems group. They'll explain it to you.
> >
> >If you want an explanation of Reuters screening and the screens
> >Reuters runs daily this link will do it for you.
> >
> >http://www.investor
><http://www.investor.reuters.com/ReadHTML.aspx?target=/opinion/find/about>
>.reuters.com/ReadHTML.aspx?target=/opinion/find/about
> >
> >
> >
> >
> >--- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
>yahoogroups.com, "Andrew Tomlinson"
> ><andrew_tomlinson@xxx> wrote:
> > >
> > > Hello,
> > > Does anyone know anything about the Reuters Powerscreener? Does it
> >get us
> > > any closer to the aim of integrating fundamental and technical
> >back-testing
> > > on the same platform? Anyone know how far back the historical fundy
>data
> > > goes?
> > >
> > > TO quote from the marketing: "Reuters PowerScreener 3.0 screens over
>630
> > > fundamental data variables to identify the stocks that should be on
>your
> > > radar. Now integrated within MetaStock 10, PowerScreener makes it a
> >snap to
> > > cross check Explorer results with a fundamental screen."
> > >
> > > Andrew
> > >
> >
> >
> >
> >
>
>
>
>
>
>[Non-text portions of this message have been removed]
>
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|