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All one needs to be able to export is the list of tickers. Most screeners
will permit that.
>From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: equismetastock@xxxxxxxxxxxxxxx
>Subject: Re: [EquisMetaStock Group] MS Version 10
>Powerscreener...fundamentals
>Date: Sat, 30 Sep 2006 17:34:16 -0000
>
>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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