Hi Ken, I run a hedge fund out of NY and we do employ a ranking system very similar to what you find in HGSI.We add a value overlay,but I will tell you that trying to duplicate/improve on what they do is probably not the best use of your time.IMHO,if you are a momentum type trader,their approach is excellent and I do not think you will build a better mousetrap.I have a very talented quant as well phd in applied math working for me and much of what they do is exceedingly similar to HGSI and Zacks..
When we stopped trying to reinvent the wheel and focused our efforts on diversifying into "non correalted" stategies ,we were far more productive and profitable Just my 2 cents --- In [email protected], Ken Close <[EMAIL PROTECTED]> wrote: > > Brian: thanks for the reminder on your xls; I will go look at it, but I have > plugged the trigger on the new subscription. > > Regarding your comment: " "My opinion was that the QP ranking systems were > fairly transparent and could be duplicated in AB with relative ease'", I > think this is an assertion that may prove harder to fulfill than you > realize. Unless you have already done this (and if you have, you would be > my new best friend because I would like to see it), I think you will find > that developing a ranking score (and I do not mean the PositionScore > variable within AB) that is integer based is extremely difficult. I have > tried numerous approaches, including using PositionScore, and do not get > anything meaningful. In fact, I believe I am correct that the only way to > create integer rankings of calculated quantities within Ab is to use the > so-called Osaka plugin, something of complexity that I have so far been > unwilling to tackle. Drawing QP3 integer rankings out has been my only > "easy" solution. > > If anyone wants to refute my claim, I would be more than welcome to see an > approach that is shareable, doesn't require C++ programming skills, and > satisfies the need to create integer ranking scores/numbers. > > Ken > > -----Original Message----- > From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf > Of brian.z123 > Sent: Wednesday, August 30, 2006 9:00 AM > To: [email protected] > Subject: [amibroker] Re: Quotes Plus Mutual Funds > > Ken, > > The answer to your question is no. > You would not have access to the ranking scores if you had not purchased > SPP. > > I have posted an updated QPAmiCompare.xls file. > I used the file in the first place to track the raw data that was used in > various places between QP and Ami. > The QP scan database, which is installed on your hard-drive, appears to be > the underlying database for SPP. > From the SPP help/data fields section each of the fields in SPP states if it > is a computed or imported field so they can be cross referenced to each > other. > So with the exception of QRS and EPS rank all of the other ranks are > calculated in SPP and not part of the Ami package. > > To correct my previous statement on ethical grounds: > > "My opinion was that the QP ranking systems were fairly transparent and > could be duplicated in AB with relative ease'" > > I am biased towards creating my own rankings anyway. > I wasn't considering QP for the rankings. > Most if not all of the rankings used in QP are already part of the public > domain. > > BrianB2. > > > --- In [email protected], Ken Close <ken45140@> wrote: > > > > Thanks Steve, for your comments. I, too, am beginning to > concentrate on > > just ETFs and the "daily" funds from Profunds, Rydex, and > Potomac. Hence my > > desire to isolate just those. If I had spent more time with the > trial I > > might have tried to get by without the SPP. but all the pretty red > and green > > boxes got to me and I liked them. Can I assume that I still would > have had > > access to the ranking scores even if I had not purchased the SPP? > > > > Ken > > > > _____ > > > > From: [email protected] [mailto:[EMAIL PROTECTED] > On Behalf > > Of Steve Dugas > > Sent: Tuesday, August 29, 2006 1:36 PM > > To: [email protected] > > Subject: Re: [amibroker] Quotes Plus Mutual Funds > > > > > > Hi Ken - I see that Joe has already come up with a solution for > you. When I > > went back to QP recently, I did not sign up for SPP since I am now > > concentrating only on 2x +/- funds. There are not that many of > them so I > > just created my watchlists by hand. I did want to get the funds > themselves > > into AB so I could access them there, but for testing, etc I > generally use > > the benchmark indices rather than the funds themselves. QP lacks > several of > > these benchmarks, especially for the foreign markets, so for these > I > > substitute the most popular ETF's instead. > > > > BTW, if you like the 2x funds, don't forget about DireXion. Their > American > > funds are 2.5-beta. Also, for anyone that might not be aware, > ProFunds > > introduced their 2x +/- ETF's last month. See www.proshares.com > for more > > info. > > > > Steve > > > > ----- Original Message ----- > > From: Ken Close <mailto:ken45140@> > > To: [email protected] > > Sent: Tuesday, August 29, 2006 6:31 AM > > Subject: RE: [amibroker] Quotes Plus Mutual Funds > > > > Steve: > > > > Many thanks. Now that I am signed up, am discovering various > unfriendly > > aspects to the program(s) that I guess I did not discover or try > hard enough > > during the trial period. But I want the data (mainly the ranks > which can be > > imported into AB) so I will have to slog thru a learning curve, > just like > > with ..... well ...... AB. I dont want to do complex things, just > isolate > > ETFs and Rydex/Profunds Mutual Funds. Should be simple and almost > > intuitive. It is not. > > > > Thanks for the response. > > > > Ken > > > > PS: If you dont mind, is the easiest way to get a Watchlist of the > > Rydex/Profunds Mutual Funds to import via a lst or txt file of the > symbols?? > > > > _____ > > > > From: [email protected] [mailto:[EMAIL PROTECTED] > On Behalf > > Of Steve Dugas > > Sent: Monday, August 28, 2006 3:28 PM > > To: [email protected] > > Subject: Re: [amibroker] Quotes Plus Mutual Funds > > > > > > Ken - By Default, QP plugin does not retrieve MF's or futures. Go > to File > > > Database Settings > Configure, check the box for MF's and hit > Retrieve. > > > > Steve > > > > ----- Original Message ----- > > From: Ken Close <mailto:ken45140@> > > To: [email protected] > > Sent: Monday, August 28, 2006 3:08 PM > > Subject: [amibroker] Quotes Plus Mutual Funds > > > > Maybe this is obvious, but how do I chart Quotes Plus 3 Mutual > Funds. > > > > I do not see any data plugin just for QP Mutual Funds. > > > > I am plotting stocks and ETFs find with the QP3 database. I have > mutual > > fund data on my drive (can plot with QP charting package), but I > do not see > > how to make AB do that. > > > > Thanks for your suggestions. > > > > Ken > > > > > > > > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to SUPPORT {at} > amibroker.com > > For other support material please check also: > http://www.amibroker.com/support.html > > > Yahoo! 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