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Agree! Just looking at analysts opinions such as Zacks, I can get 2
different numbers for the same company. One is weighted the other is
not. What we're dealing with is accountant's values that are not
standardized...although they are trying. As johndoetrader suggest we
can screen first and then export those candidates into Metastock for
TA. I can do this with MSmoney's screener and it can be done with
others as well if they are exportable.
As we get deeper into value investing fundamental is going to become
more of a standard. I think we've probably refined TA well enough.
Its now time to do the same with fundamentals. Should be exciting!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Ron Berlin" <rsb_44@xxx>
wrote:
>
> 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@> 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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