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PureBytes Links
Trading Reference Links
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Here's what you are looking for. However, in the future you'll have to
dig out this information for yourself. It's all there and easy to find
if you really want to know it.
Powerscreener from Reuters is gone. It's history, so there's one
option no longer available. I used to use Ford Equity Research's EPIC
and HIPER. It's one of the best screeners made. It cost about $10K
annually for the screener and the tester. I really like the product.
However, I make just as much money using Value Line and IBD. Too bad
more people don't understand the value of prescreening. Motley Fools
mechanical investing area has had some of the best QA and FA traders
in the US on it. I don't know who is there now but here you go.
http://boards.fool.com/messages.asp?bid=100093
QA and FA screen definitions from MF mechanical board. Scroll down.
http://keelix.com:8088/sipropicks/picks-2006-01-27.html
Backtester
http://backtest.org/
http://www.tradesim.info/ This is not TradeSim for MS.
http://www.aetheling.com/MI/
http://boards.fool.com/message.asp?mid=23233110
--- In equismetastock@xxxxxxxxxxxxxxx, ecow77 <no_reply@xxx> wrote:
>
> 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@>
> 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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