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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@xxxxxxxxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: equismetastock@xxxxxxxxxxxxxxx
>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.reuters.com/ReadHTML.aspx?target=/opinion/find/about
>
>
>
>
>--- In equismetastock@xxxxxxxxxxxxxxx, "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
> >
>
>
>
>
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