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Bilo in a recent post referred to "WL" and "insight scanner".
What is "WL" and what is "insight scanner"?
Are there any web links that describe these stock scanning products for one
to evaluate?
Bill
below is a copy of Bilo's post where he refers to WL and insight scanner:
Subject:
Re: TRAD Stock Slides further
From:
"Bilo Selhi" <biloselhi@xxxxxxxxxxx>
Date:
Wed, 27 Mar 2002 19:56:24 -0500
To:
"Volker Knapp" <vk@xxxxxxxxxxxx>, <omega-list@xxxxxxxxxx>
i said it before, look at insight scanner.a very small %age of hard core pro
stock traders areusing it, if they know how...it's been out since the
eighties...it allows tick by tick scan of a limited ( typically either1000 or
10K symbols ) for user defined buy and sell ruleswhich are basically filters.
this is an example of tick by tickstock filtering... Volker, no offense, but
neither WL nor TRAD areable to pull it off tick by tick on 1000 universe of
stocks at this time.as far as i know insight is the only company that
specialized in that.next is end of bar time scanner, like TC2000 has...you
can scan a very limited universe of stocks end of baror at any time ( have to
press enter )next is the typical retail EOD stock scanner...like the oneWL
has, i guess. TS needs one badly but that would requirean EOD database on
user machine for at least one year back...the big plus of stock trading vs
say futures trading isthat stock trading allows stock selection, ie youscan
the markets for buy and sell signals using filtersand trade only the stocks
with the highest probabilityof success determined based on your filters...for
some traders it works real well, others get married toa stock or two and
trade those only, like futures traders...TS only has a prehistoric generic
type scanner:highest volume, highest gain, most active, etc...TS would not
need a scanner if you could do 1000 systemson 1000 symbols tick by tick but
alas, that ain't gonna happensoon...TS won't be able to pull it off tick by
tick due to the limitationsof on demand server technology ( you need to
broadcast up to 1000symbols tick by tick to users ) but at least they could
do isto code a good EOD on demand scanner. such eod scanner is very
importantfor portfolio selection. i don't think they are going to do it
though...bilo.ps. scanner sometimes called screener or stock filtering app,TS
5.0 has radarscreen which was an attempt on capturingthat market share... but
it fails because of speed and limitedsymbol universe it could do.
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