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All:
I have Metastock V7.2 EOD and I follow futures data. I use
Quotes Plus as my data provider. They have different packages,
but their futures data includes volume and open interest. They
also provide Metastock and ASCII conversion utilities. These
can be set up so that the conversion runs automatically after
you do your daily download. Volume is included at the time
of download, not a day later like some providers.
Bob
Original Message:
-----------------
From: JayTownsend@xxxxxxx
Date: Wed, 4 Dec 2002 15:03:49 EST
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Data downloaders
Hi:
I've been watching the discussion on data providers with interest because
for
about the last month I have been searching for one myself. I have looked
at
the free services, including Yahoo, and the majority don't offer futures
data, only stock data. Even though some sites indicate that Yahoo has
futures data, I didn't find it there. I think that futures data is a
little
more complex than stock and options.
I am interested only in end of day data and my requirements for futures
data
is it must have cash data along with the contract data. After searching
the
web for free or on the cheap data I narrowed in on Reuters. In beginning
to
set up my folders with The Downloader I soon made the discovery that
Reuters
does not provide cash data for a significant number of commodities.
(Trying
to understand their contract symbols file was a chore as they have altered
the exchanges symbols and trying to wade through their 1200 cash symbols
file
is next to impossible.) As an example, they have no cash data for any of
the
meats and livestock as well as several of the softs and financials. On my
initial upgrade to MetaStock 8.0, Equis support advised me that UA/CSI's
data
was not compatible with MetaStock. It took me almost a month of many
emails
to Equis Sales and Support as well as UA/CSI Sales and Support to determine
to my satisfaction that UA/CSI is in fact compatible with MetaStock.
UA/CSI
has been in been in close contact with Equis and has all the tools and
formats to be in sync with them up through version 8.0 and in my estimation
they are in sync. Two or three years ago I had a MetaStock plug-in fail
because of an incompatibility problem so this has been near and dear to me.
I don't intend to run any more plug-ins, but that difficulty may be fixed
anyway. I have received a demo copy of UA and their data and have run
extensive tests and find that it does work with MS 8.0.
Other advantages to UA/CSI are that they provide volume data at the
contract
level (Reuters only reports total volume, their data format does not
support
contract level volume), and they make adjustments to incorrect data on a
daily basis. Exchanges make errors in reporting every day and then correct
it either the next day or in days following. I can't find anything in
Reuters/The Downloader where these data corrections are applied. And of
course the data vendor themselves make data errors too. But UA/CSI
corrects
all of these. There are other diffugalties with data too. For example it
is
not uncommon for an exchange to report a closing price that is out of range
of the daily high and low. UA/CSI gives you the option of either allowing
it
to remain out of bounds, or to allow the high or low to extend to the close.
Futures data itself has inherent problems. All end of day volume figures
are
estimates and when the real ones come out the next day they can be so
different as to not be believable. Also open interest is always reported
on
a one-day delay. These factors have to be kept in mind if you are using
either one in formulas in any of your indicators. UA/CSI always reports
the
estimated volume, and then adjusts it the next day to the actual. I don't
know how Reuters handles this.
I am in no way associated with UA/CSI but feel that when it comes to data
one
must first determine their personal requirements before making a selection
and this is something that I've been looking at for the past month. Twenty
years ago I entered my own data manually, then eventually went to CSI, and
then to UA. I've been out of the market for a couple of years but am
reentering and cash data is a part of my trading technique. I've got to
have
it, and have discovered that it is difficult to come by.
Jay
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