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I am the member in fool.com, but cannot find the group mechanical
system group that you mention, can you give me more detail or the link.
thanks.
--- In equismetastock@xxxxxxxxxxxxxxx, johndoetrader18 <no_reply@xxx>
wrote:
>
> 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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