No, WL does read the QP data directly. It knows where the QP data
files are located and uses that data for each ticker in the list.
Also, I utilize WL's system building & backtesting to its fullest.
However, most of these systems work better on a group of "strong"
stocks i.e, those with good EPS history, strong RS, decent volume,
etc. So I use a QP scan to filter out these "good trading"
stocks ........ WL can only access QP price/volume data, not the QP
fundamentals which are a part of my QP scan, so this initial
filtering cannot be incorporated directly within my WL trading
scripts.
Doug
--- In [email protected], "Matt" <[EMAIL PROTECTED]> wrote:
>
> Hi Doug,
>
> Thanks for your terrific respose. Much appreciated, well thought
out
> and some food for thought. So it seems that WL does not read the
QP
> data at all? It just takes the ticker list file, and fills it with
> data from Yahoo or some other backfill. Hmmm.. Would love to get
> some of the QP fundamentals into WL, as the QP fundies are one of
it's
> great strengths and the reason I chose them over others. I can
> envision a whole series of "what-if's" in regards any system, and
am
> not confident that the QP scans can facilitate this dynamic
testing.
>
> Your suggestion that you do all of your pre-scanning within QP is
> interesting, and then use WL as (presumably) a charting tool. My
> readings of WL info has shown me that it is primarily a system
> building and testing tool, but your use of it seems to bypass or
under
> utilise these strengths. I'll have to look at the QP scripting,
but
> am aware that there is nowhere near the support for it that you
will
> find for AmiBroker, WL and others.
>
> Thanks again for your help,
>
> Matt.
>
>
>
>
>
>
>
>
>
>
> --- In [email protected], "sguod99" <dougstar@> wrote:
> >
> > Matt,
> >
> > I have long used WL Developer and QP3 as a data source. I use
the
> > QP scanner to pre-process the QP stock universe to arrive at a
> > weekly list that I'm interested in trading via my WL auto
trading
> > strategy. The scan is coded using the QP programming language
and I
> > run it once a week. Then the resulting list of stocks can be
set up
> > in the WL Data Manager. Each week I set up another list
(identified
> > by date) ..... most stocks in the list are the same as the week
> > before. WL then automatically retrieves updated daily data for
the
> > stocks in any of these lists.
> >
> > I don't use sector/group analysis ....... my list sorts out
stocks
> > per EPS, RS, price & volume ranges, etc. I don't think there's
a
> > way for WLD to access QP3 stock data that's not in a QP list
file.
> > If sector/group analysis is necessary for you, staying with
> > AmiBroker may be your best bet.
> >
> > If you have further detailed questions, you could contact me
> > directly.
> >
> > Doug
> >
> >
> >
> >
> > --- In [email protected], "Matt" <mwbjjh@> wrote:
> > >
> > > Hi All,
> > >
> > > I have used QP3 data with AmiBroker in the past, and know that
AB
> > uses
> > > a plug-in and "directly reads the database" structure from QP3
> > which
> > > includes all of the individual markets (AMEX, NYSE, NASDAQ)
and
> > also
> > > groups Sectors and Sub-sectors etc.. AB will show the exact
same
> > > groupings of sticks as the QP3 database (as seen via Stock
Picker
> > Pro,
> > > a companion product for QP3). This is a good (for me,
important)
> > thing
> > > as it enables sector analysis as well as making the job of
creating
> > > custom groupings, comparing sector strength etc.. very much
easier.
> > >
> > > I read on the QP3 site that Wealth Lab also "directly reads the
> > > database" of QP3, but can only find access to the data via
list
> > (LST)
> > > files, which are not automatically maintained within QP3. The
list
> > > files I have, seem to be some preprogrammed scans, and most of
the
> > > files are empty. Those that are not empty are not stamped with
the
> > > current date. There is certainly *not* a set of list files
that are
> > > either automatically created, or that contain all of the
groupings
> > of
> > > markets and sectors as mentioned above.
> > >
> > > So my question, obviously, is how can I get Wealth Lab to
directly
> > > read the QP3 data and show the market and sector groupings? I
> > update
> > > my data through QP itself, but will WL stay updated if I
*only*
> > update
> > > through QP?
> > >
> > > Sorry for the hassle everyone.
> > >
> >
>
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