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Erika and RTers :
You would be amazed at how many traders spend $1,000's on a
trading "system"(or "systems") and then choose an "economical"
end of day (EOD) service for their price data -- and then run the system
without ever questioning the validity of the input price data !!
I had the chance, recently, to run a pure reversal mechanical system
(great test, as can drop out of sync with spurious data) with different
data feeds and EACH feed gave significantly different results over a
3 year period ?? Hmmm ??
The bottom line is -- do not compromise on the data service. It is a
relatively expensive business to check and re-transmit accurate end of
day data in a timely fashion. Furthermore, continually do some "spot
checks" with the data available directly from the exchange floors on the
Internet.
For what it's worth I have heard consistently good reports from traders
using the following EOD data feeds : CSI and TechTools, Boca Raton, FL.
Good trading -- and keep an eye on that price data !
KS
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