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droskill,
calm down. I was just pointing out the erroneous statement that you made about Telechart. Do you really believe that they would go to all the trouble of adjusting the data for splits and dividends if it was not beneficial. That was the main reason that I picked Telechart for backtesting data. If I wish to use DTN IQFeed for daily backtesting, I have to manually adjust for splits.
I am not trying to sell you on Telechart, use what you like. I am not sure if any other daily feed has their data already adjusted for splits and dividends or not, but I do know that quite a few do not.
You bring up several points but I consider those trivial to having dividend gaps.
And no I do not use stops. I have found thru backtesting that stops will choke most of the profits from all of the systems that I use. I let the system take me out of a trade.
Peace
--- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@xxx> wrote:
>
> Yes, but the trades would be very different as well - you're assuming you're not trading with a stop. If you had a stop in place, you would be out of the position, but have $6 in dividend.
>
> In the Telechart case, you'd remain long the position. So your approach would work fine as long as you're not trading with a stop.
>
> You're also assuming, in that approach, that the dividend is reinvested, which may or may not be the case. So a more accurate picture is that you lost $6 on the stock, and gained $6 in your cash account, which isn't accounted for in the backtest either.
>
> In my opinion, the backtest should accurately represent the price - and then calculate the dividend separately.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "booker_1324" <booker_1324@> wrote:
> >
> > Yes very different results indeed. In reality if you were long DUG and the next day the price fell $6 and you were paid $6 per share in your account, you lost nothing, which is what happened to owners of DUG. If the data showed a $6 drop, then the backtest is flawed.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@> wrote:
> > >
> > > Telechart smoothed the data and the dividend, and the price change, does not show up. Now imagine you had a stop in place under DUG at 3%. In the backtest, you remain long the stock. In reality, you're stopped out. Very different results.
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "booker_1324" <booker_1324@> wrote:
> > > >
> > > >
> > > > droskill,
> > > >
> > > > I wish to address your statement on Telechart about "Major problem - the API to access the data via AB doesn't adjust for splits or dividends. This basically, from my point of view, makes it useless for backtesting."
> > > >
> > > > Telechart already has all of it's data adjusted so there is no need for AB to adjust for splits or dividends.
> > > >
> > > > For example, take symbol DUG which is an ultra-short oil & gas fund. During Q4 of 2008 this fund had a remarkable net income result due to investments internal to the fund. On Dec 22 it was trading about $35, but after a $6 dividend payout the next day it opened around $29, a massive change. You can verify this by looking at historical charts at your favorite internet stock quote site, many of which show unadjusted data. But Telechart data has been backwards adjusted for this change, so the data is smooth all the way back in time, and you won't see a big price change when a big payout occurs. It may take a week or so for your fund data to be adjusted following a payout, but they will get it done. Take a look at DUG in TeleChart at the end of December 08, and you'll see no $6 gap down.
> > > >
> > > > On the contrary, I find Telechart data excellent and have used it for daily backtesting for several years along with DTN IQfeed as a complement for intraday data.
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@> wrote:
> > > > >
> > > > > I've been spending a bit more time with Quotes Plus - pretty good data feed, but there are issues:
> > > > >
> > > > > - No lists of the stocks making up S&P500 or other key indices (they do have Nasdaq and NYSE). This means if you use the S&P, for instance, for looking % of stocks above a moving average, you're going to have to manage the lists yourself.
> > > > > - Has fundamentals - this is useful, and the data feed can be used with more fundamentally-oriented scanning software such as HGSI.
> > > > > - Has a ton of indices - gold/silver/oil, etc as well as put/call indices, etc. Premium may have the put/call as well - I'd have to take a look.
> > > > >
> > > > > On Premium Data:
> > > > > - Fantastic folder breakdown of industries and indices. So, running a scan over the stocks in the S&P 500 or the S&P 1500 is simple, and will not require maintenance from you.
> > > > > - Lacks some basic useful indices out of the box - like those mentioned above (oil/gold/etc).
> > > > > - No fundamental data.
> > > > > - Great ETF breakdowns into different categories.
> > > > >
> > > > > Telechart:
> > > > > - Includes access to their online stock tool freestockcharts.com
> > > > > - Includes fundamentals
> > > > > - Lots of indices and special, TC-only indices like T2106 etc.
> > > > > - Major problem - the API to access the data via AB doesn't adjust for splits or dividends. This basically, from my point of view, makes it useless for backtesting.
> > > > >
> > > > > That's what I've got right now - to me it's a toss up between Quotes Plus and Premium.
> > > > >
> > > > > --- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@> wrote:
> > > > > >
> > > > > > I think the only other vendor worth looking at is Quotes Plus - just my opinion. Anybody have a comparison of the two that has experience with both? From my limited experience, QuotesPlus has a bit more extensive indices, but Premium has it on organization.
> > > > > >
> > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "louies88" <Louies88@> wrote:
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "patsgreatdeals" <patsgreatdeals@> wrote:
> > > > > > > >
> > > > > > > > Is there a plugin for AMIBroker? for premiumdata.net?
> > > > > > > >
> > > > > > > They don't have a plugin in the truest sense, but they have a little program that you must install. It has all the necessary structure and very well integrated to Amibroker. Everyday you just update the data via this little program and...voila...they're updated in your AB database.
> > > > > > >
> > > > > > > Premiumdata.net is very extensive and very good, especially in the sector indices. If you're a top-down analyst, you'll like their sector index break down. It's very comprehensive. The update, by the way, is very very quick compared w/ Amiquote or any other service that relies on Yahoo data.
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>
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