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Leon,
I am curious. Have you investigated the reliability of other data sources
like BMI, Signal... etc. As a trader I believe it's most important to
spend the money on the best tools that you can afford. You know the old
saying "You get what you pay for." If you were in the business of building
houses, you wouldn't be very successful if you used a hammer, nails and a
hand saw, as your primary tools. Sure you could get the job done, but the
competition would eat you alive.
It sounds like you have a legitimate complaint against Reuters, and Reuters
will lose customers if they don't get their act together. I myself am not
married to MetaStock or Reuters data service. There are plenty of other
software packages to choose from. As I begin to trade more seriously and
professionally I will be upgrading my tools. Maybe you are at that point in
your trading career right now where you need to upgrade.
"MetaStock is merely a toy among the tools necessary to trade the markets
seriously."
Good Luck,
David Radtke
(Embedded
image moved metastock-list @ metastock.com
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Please respond to LFEYDER@xxxxxxxxxxxxxxxx
To: metastock-list @ metastock.com
cc: (bcc: David Radtke)
Subject: Reuters data 2
?Data from Reuters? is bad. How do I know? When I see no gaps for
Globex sessions on currencies I know they are not Globex sessions. When
I copy 1000 days of T-bonds
and 1000 days of SP-500 in a same spreadsheet , I see an example of
missing days.
It is easy to spot V=0, OI=0 in spreadsheet as well. Large movers obvious
as well.
Errors of order 5-10 ticks are not easy to spot. On a few occasions I
compared them
against ones posted by CBOT and CME on their websites.On 10-10 data on
SF,DM,
and BP had 5 (out of 12) errors > 2ticks, on 10-13 Hi and Low for those
currencies
coincided . T-Bond on 10-13 is not posted .THOSE JUST the EXAMPLES.
I suggested many times to people at Reuters , Reality Online (Reuters
Trend Datalink),
Equis to test ?Data from Reuters? against Reuters terminal datafeed , or
I volunteered to do it for them , just send me Metastock or Excel files
from Reuters terminal datafeed .
If you read how Reuters Trend Datalink being advertised you will see how
much mileage they squeeze out of name ?Reuters? . ?Reuters? even in
Microsoft Word dictionary unless it was added without my asking .
Reasons ?you got what you paid for ? are not really applicable, because
institutional investors pay not just for tic data (BIM data probably is as
reliable at 15% cost ) but the news as well .
For last couple of months situation is that :
at Reality Online - they are saying it is not up to them to eliminate
discrepancies with Reuters terminal datafeed .
at Reuters-either no reply ,or ?talk to Reality Online?
at Equips- they cannot help with that (even I believe they tried)
Now , entire thing sounds like fraud to me.( Read advertisement for Reuters
Trend Datalink and their User?s Guide)
Metastock ?s Downloader doesn?t have good vendors (probably CSI is a good
vendor -
example ) and among them only Reuters has lookup dialogs , correction
features - they belong to the same Co. With web development I would guess
integration will go further. I am not aware of another combination of
major trading software developer and data vendor.
My advice to Equis : as soon as you implement some attractive web features
for
for integrating Metastock & ?Data from Reuters? don?t waist money for
reliable software which you have now . Program that crashes every 15
minutes is no worse than data which is really bad .
All the time I hear words ?Intellectual Property? and ?Rights? , the time
I asked
at Reality Online abote their liability - reply was :?None. Read the
disclaimer .?
I feel that as an individual I exhausted all possibilities talking to
the companies .
I would really appreciate the reply , from those companies as well.
But personally after few months of phone calls I see no other ways than
asking for help
from Federal Trading Commission or taking some legal actions.
Leon Feyder ( lfeyder @ www.worldnet.att.net )
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