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Ron:
Thanks for sharing your experience about Power Screener.
I shall peek at the Motley Fool list.
Emanuel Derman, author of my "My Life As A Quant", has made a number of his
talks and papers available at his web site
http://www.ederman.com/new/index.html
Follow the links on the left side of the page. They wont teach you how to be
rich but you might find something helpful.
He points out that no model is perfect and should be used with a skeptic's
attitude.
Regards,
Lionel Issen
PS. Was your neighborhood affect by the 911 toxic cloud?
_____
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Ron Berlin
Sent: Friday, September 29, 2006 10:17 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] MS Version 10 Powerscreener
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@xxxxxxxxxx
<mailto:no_reply%40yahoogroups.com> s.com>
>Reply-To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com
>To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com
>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
<http://www.investor.reuters.com/ReadHTML.aspx?target=/opinion/find/about>
..reuters.com/ReadHTML.aspx?target=/opinion/find/about
>
>
>
>
>--- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, "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
> >
>
>
>
>
[Non-text portions of this message have been removed]
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