Brian

I have done these exercises too in the past. The only conclusion I could
draw from this was that for  a futures trader putting real dollars on the
line in a intra day trading environment a RT data service is a MUST HAVE
(caps for added emphasis). These Yahoo Finance based workarounds are just
that workarounds, with a very high probability they will fail at a critical
juncture when you need them the most.


Rakesh
On Sat, Mar 29, 2008 at 6:11 AM, brian_z111 <[EMAIL PROTECTED]> wrote:

> Re: Yahoo RT data (referring to the major US markets only).
>
> I received the following comments, on the subject, from AB support:
>
> Yahoo so called "real time" is the same as ordinary Yahoo quotes,
> with one difference: there is no 15 minute delay.
> These are just snapshot (current) quotes, so any data collected
> represent situation "at the time of request".
> No backfill, no true historical interval bars (except of course
> daily) etc.
> AmiQuote as it is now, fully allows to get the current quote in "real
> time" (i.e. almost no delay) using "Yahoo Current".
> To do so you need to do two steps:
>
> 1. login on Yahoo Finance site using Internet explorer.
> 2. In AmiQuote, go to Tools->Settings and check "Allow cookies" box.
>
> Thanks to support for their answer.
>
> FTR.
>
> I did some checking of my own using RTQDownloader from
> http://www.trading-tools.com/ (uncrippled trial version).
>
> - Yahoo advertise MarketTracker RT as tick charts
> - in Yahoo RT I can view charts down to 1 hour charts with 1 minute
> OHLC bars
> - in the MT status bar Yahoo report what appears to be tick direction
> for the last 6 ticks i.e. up, down or equal (I'm not certain about
> this as they don't have a true help manual).
> - Yahoo does say that it is the same data, 'normally' available
> except that is not delayed. As far as I can tell it is directly from
> the exchanges (presumably Yahoo take it as tick data but what happens
> to it after that is unknown)
>
> Using RTQDownloader I achieved the following (for Dow consituents):
>
> - downloaded price, vol, bid/ask in ASCII (text files) with 2 sec
> snapshots (one file per symbol)
> - downloaded price,bid/ask,vol in Metastock format and imported
> it 'live' into AmiBoker using the AB Metastock Plugin (configured to
> auto refresh) - on refresh the plugin appeared to pull in the 'back
> history' from the Metastock directory (every bar every time?) - 4 sec
> snapshots.
> - data was timestamped HHMMSS
>
> The bid/ask was in the H,L fields.
>
> I am not commenting on the suitability of the data for trading or the
> quality - the same applies to RTQDownloader.
>
> I only did a quick test and didn't cross check it against RT data
> from other sources - I just wanted to find out what the limit was to
> their data (I didn't prove if tick data is on their server - only
> that it appears to be there timestamped in seconds).
>
> I am unlikely to do any more with this issue.
>
> brian_z
>
>
>
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