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IntroducingOwnData2OVERVIEW
OwnData2isthesecondgenerationofuniquesoftwarethatallowsyoutousethirdpartydatainTradeStation8.1andthusopensbrandnewpossibilitiesforyourtrading.PreviouslyyouwerelimitedtothedataprovidedbyTradeStationSecuritiesservers.NowOwnData2openseSignal,InteractiveBrokers(IB),Patsystems(J-Trader),TradeStation2000iGlobalServer,ASCII(plaintext),UniversalDDE,Tenfore,FreeQuotesandotherdatasourcestoyou(readmoreaboutsupporteddatafeeds).OwnData2isdevelopedfromthescratchconsideringtheuserinput,theissuesandlimitationsofthefirstgeneration.Themostdemandingreliabilityandfunctionalityrequirementsweremetwithoutsacrificinguser-friendliness.
Evenifyou'recontentwiththedataprovidedbyTradeStationSecurities,werecommendOwnData2,asitwillallowyoutoimportASCII(plaintext)filestonativeTradeStationdataorgiveyouabackupincaseofanyproblemswithTradeStationSecuritiesfeed.UsingOwnData2significantlydecreasestherisksofinterruptingthetradingsystem'sworkandreceivingfaultydata.Theprogramallowsaccesstocompletelynewtradingsecuritiesandopensnewanalysispossibilities.DeepintegrationwithTradeStation8.1providesforeffectiveanduser-friendlyhandling.
OwnData2solvesanumberofprincipalproblemsassociatedwithusingTradeStation8.1:
ImpossibilitytouseanyASCIIdataforanalysis
Incompletetradingmarketscoverage.LackofCanadian,Asian,African,Europeanandothermarkets
Lackofabackupdatavendorifthere'saninterruptionofreal-timequotes
PlottingchartsonthebasisofBidorAsknotsupported
SyntheticsymbolscreationforsubsequentuseinTradeStation8.1notsupported
FEATURES
Improvedstability,userinterfaceandcompatibilitywithTradeStation8.1(build2811),simpleinstallation,automaticswitchtonewTS8builds
Supporteddatasources:eSignal,InteractiveBrokers,Patsystems(J-Trader),TradeStation2000iGlobalServer,TradeStationSecurities,Tenfore,FreeQuotes(yahoo.com,msn.com,quote.com,prophetfinance.com),UniversalDDE(20predefinedtemplates),ASCII(plaintext).Newdatasourcescanbeconnectedonyourdemand.Please,sendarequesttoreceivefurtherinformationconcerningtheOwnData2APIfordevelopers
Alocalquotemanagementsystemfordatastorageandrapidaccesstoit.Allthedataisstoredinthelocaldatabase,soyoudon'tneedtodownloaditoverandoveragain.Also,QuoteManagerallowsyoutousethereceiveddatainofflinemode
DataEdithelpsyoufixbadticksoraddquoteswithafewclicks
NewadvancedimportofASCIIdataintosymbolsofanydatafeeds.Automaticrecognizingofmostknownformats,highperformanceandsupportformultigigabytefiles.TradeStation8.1usersareabletocombinenativeand3rdpartyASCIIdata
ChartsfromdifferentdatasourcescanbeusedinthesameChartAnalysisWindow
DataSampling.Automaticcreationofminutesfromticks,daysfromminutes,etc.
AsimplifiedsystemofqueriescreationinTradeStation8.1.Theselectionofthedesiredsymbolanddataproviderisdeterminedbythesymbolnameandprefix.Forinstance,aqueryforIB:MSFTwillreturnrealtimedatafromInteractiveBrokers
RegisteringOwnData2Forcopyrightprotectionreasons,registrationisrequiredforbothfullandtrialversions.Theuniquehardwarefingerprintinformationofyoursystemwillbeusedtogeneratethesoftwarekey.
Toregister,pleasedothefollowing:
1. ClickStartontheWindowsTaskbar.
2. SelectPrograms.
3. SelectOwnData2.
4. SelectRegistration.
5. EnteravalidUsername.
6. Enteravalide-mail.
7. ClickRegister.
9. ReceiveafilenamedOwnData2.TSSKeyfileinreply.
10. ClickUnlock.
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CreatingTradeStationChart1. Makesuretheprogramisregistered.SeetheRegisteringOwnData
2sectionformoredetailedinformation.2. AddthesymbolforwhichthechartiscreatedtoQuoteManager,see
theAddingSymbol(s)toSymbolListsectionformoredetailedinformation.
3. Checkthatthesymolsettingsarevalid,seetheEditingSymbolsectionformoredetailedinformation.
4. LaunchTradeStation8.1.BothOnlineandOfflinemodesarepermitted.
5. ClickNewChartAnalysisWindow.6. IntheFormatmenu,clickSymbol.7. IntheFormatSymboldialogindicatethenameofthesymboltobe
charted,thiscanbedoneintwoways:
Manually
UsingLookup
8. IndicateFirstDateandLastDatewhenqueryingfordata,thismakesforthefasterresponse.UsingBarsBackthereplymighttakeseveraltimeaslong.
UnderstandingQuoteManagerQuoteManagerisatoolformanagingthedatabase.
Itsmainfunctionsinclude:
DisplayingandeditingtheSymbollist,Exchange\ECNlist,Holidaylist,DataSourcelist
Rapidsearchandeditingthenecessaryinformation
ReceivingtheSymbollistondemandfromdatavendorsthatsupportthismodeoraddingsymbolsmanually
Editingthesymbolnamedatabaseandassociatedsettings
editingdata
Importing3rdpartydata
MappingASCIIfiles
Connectingadditionaldatavendors
WorkingwithSymbolListSymbolListisalistofsecuritiestheinvestorcommonlyuses.Modern-dayinvestorsneedeasyaccesstoanyofthetradingvehicles.QMhasbeendevelopedbasedonthoseneeds,thebasicrequirementsbeing:
Theprogrammustfunctionwithnumbersofsymbolsintensofthousands
Rapiddataaccess,whichmeanspowerfulsearch,sortingandselectioncapabilities
Convenientdataaddingandediting
Simplebackupsanddatarestoring
Minimalstartupandmaintenanceeffort
AddingSymbol(s)toSymbolList
SelectingSymbol(s)inSymbollist
DeletingSymbol(s)fromtheSymbolList
SortingtheSymbolList
FindingSymbol(s)inSymbolList
CustomizingtheSymbolList
WorkingwithExchanges&ECNsThistoolallowsadding/removingExchanges/ECNsandeditingtheirparameters.TheExchanges/ECNsparametersareinheritedbythesymbols,sothebetteraretheExchanges/ECNstunedin,thehigherwillbetheoverallqualityofthesystemperformance.SometimestheExchange/ECNsettingsaren'tthesameforallthesymbolstradedonagivenExchange/ECN.Sotheuserisabletoeditsettingsonasymbol-by-symbolbasis,althoughinthemajorityofcasestheExchange/ECNsettingsareexactlythesameastheindividualsymbolsettings.
AddinganExchange/ECN
RemovingExchange/ECN
EditingtheExchange/ECN
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WorkingwithCustomSessionTemplatesThistoolallowscreatingtemplatesforrapidaccesstothesessionconfigurations.Thisisespeciallyusefulfornon-standardsessionsusedwithseveralsymbols.Createatemplateonceandactivateitforthedesiredsymbolwithjustafewclicks.
AddingSessionTemplates
EditingaSessionTemplates
DeletingSessionTemplates
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WorkingwithDataSourcesThistoolisusedformanagingdatasources.Itallowsadding/removingdatasources,editingtheirsettings,namesandabbreviations,receivingdatasourceinformation,theirstatesandversions.
AddingDataSources
ActivatingDataSources
DeactivatingDataSources
ConfiguringDataSources
CloningDataSources
EditingDataSources
DeletingDataSources
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CollectingDataTheprogramprovidesoptimalperformancewithvariousdatafeeds.Itsbehaviordependsonthedatafeedconnected;thereexistthreekindsofdatafeeds-datafeedsthatprovidereal-timeonly,datafeedsthatprovidebothhistoryandreal-timeanddatafeedsthatprovidehistoryonly.Seethetableformoredetailedinformationondatafeeds.Theprogram'sbehaviordependingonthedatafeedtypeisdescribedbelow:
Datafeedprovidesreal-timeonly
Datafeedprovidesbothhistoryandreal-time
Datafeedprovidesonlyhistorydata
Built-InDataSources
DataSource Price* Real-Time History SymbolListeSignal $49/month
andhigherYes Tick-by-tick
10daysback,minutebars60daysback,dailybars10yearsback
Yes
InteractiveBrokers Freeforcustomers
Yes Second,minuteordailybars6monthback
Yes
Patsystems(J-Trader) Freeforcustomers
Yes No Yes
GlobalServer PricedependsonGlobalServer'sdatasource
Yes Unlimited Yes
TradeStation8.1 $99.95/monthandhigher
Yes Tick-by-tick30daysback,minutebars20yearsback,dailybars45yearsback
Yes
ASCII Mostlyfree.Pricedependsondatasource.
No Tick-by-tick,1minute,dailyupto
No
7Gbfilesize
UniversalDDE** Mostlyfree.Pricedependsondatasource.
Yes No No
IQFeed $50/monthandhigher
Yes Tick-by-tick8daysback,minutebars120daysback,1000dailybars,500weeklybars
Yes
MarketCast N/A Yes No Yes
Tenfore N/A Yes Yes No
FreeQuotes N/A No Yes No
MetaStock N/A No Yes Yes
*Plusapplicableexchangefeesandtaxes.Thepricespresentedinthetablearesubjecttochangefromtimetotime.Wedon'tguaranteetheaccuracyofthepresentedinformation.
**Morethan20predefinedtemplatesareavailable:Bloomberg,CAITs.c.,FAINEX,FXCM,GLTrade,HiSat,Infobolsa.de(BOVESPAAVISTA),Infobolsa.de(BOVESPAOPEOESCOMPRA),Infobolsa.de(EUREXFutures),Infobolsa.de(FUTURESBM&F;),Infobolsa.de(XETRA),IQLINK,MetaTrader,QLink,QuoteSpeed,Reuters,TaipanRealtime,Tradexpert.
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eSignalOneoftheleadingprofessionaldatavendors.Thecompanyhasbeenworkinginthefinancialinformationareafordecades,constantlyimprovingitsservices.Theprogramperformanceandstabilityisthebestwiththisdatavendor.ClickheretosubscribetoeSignalataspecialprice.
Pro ConAffordableprice Notenoughhistorydata
Widestcoverage Nohistorydataforoptions
HighreliabilityNocontinuouscontractsfor
internationalmarkets
Featuresandlimitations
Settingup
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InteractiveBrokersOneoftheleadingelectronicbrokers.Gainedimmensefamewithitshighquality,affordablepricesandsupportingtradingonmanyexchangesworldwide.
Pro ConFreequotes Averagestability
Featuresandlimitations
Settingup
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Patsystems(J-Trader)Awell-knownsystemusedbymanybrokers.
Pro Con
FreequotesNo
historydata
Featuresandlimitations
Settingup
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GlobalServerOmegaResearchTradeStation2000ihasbeentheleadingprogramforyears.NosurprisethathundredsofdatasourceswereintegratedintoGlobalServer.WethinkthatOwnData2willbemostusefultoallusersofTradeStation2000iwishingtousealltheadvantagesofTradeStation8.1'snewfeatures.
Pro ConA
ready-to-worksystemalready
inplace
None
Featuresandlimitations
Settingup
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TradeStation8.1Thisdatasourceisofutmostimportanceifthere'saneedtoimportquotesinASCIIformatintoTradeStation8.1.Thisenablesdatatestingonimmensevolumesofdata.OwnData2servesasaproxythatinterceptsallqueriesfromTradeStation8.1,receivesdatafromTradeStationSecuritiesservers,analysesthemissingdataandfillsitfromthelocaldatabase.SotheprogramunitestheoriginaldatawithdataadditionallyimportedinQuoteManager.
Pro ConAdditionaldataimportsupported None
Featuresandlimitations
Settingup
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UniversalDDEDDE(DynamicDataExchange)isawidelyusedprotocolforexchangingdatabetweenapplicationsintheMSWindowsenvironment.Pleaseseethedeveloper'swebsiteformoredetailedinformationonDDE.
Pro ConWidestchoiceofdatasources Lackofhistoricalquotes
DatapreprocessingwithExcelorotherprograms
possible,additionalfeaturessuchasbadtickfilteringandcreatingsyntheticsymbols
Averagestabilityandperformance
Featuresandlimitations
Settingup
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IQFeedOneoftheleadingprofessionaldatavendors.Thecompanyhasbeenworkinginthefinancialinformationsince1984.IQFeedprovidestick-by-tickunfiltereddata,thusyouwillnotmissabout50%oftheactualtrades.
Pro ConAffordableprice Notenoughhistorydata
Unfiltereddata Insufficientcoverage
Featuresandlimitations
Settingup
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MarketCastMarketCastprovidesrealtimedatafortheAustralianmarkets.Informationcomestousersviathetelevisionsignal.
Pro ConAffordableprice Nohistoricaldata
Reliability Hardwarerequired
Featuresandlimitations
Settingup
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TenforeOneoftheleadingprofessionaldatavendors.Thecompanyhasover15years'experienceindeliveringinformation-basedsolutionsfortheglobalequities,derivativesandtreasurymarkets.
Pro ConGoodcoverage APIunreliability
Featuresandlimitations
Settingup
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FreeQuotesThequotesaredownloadedfromthefreeofchargerecourseswhatmakesitthemostcost-effectivesolutionforthosewhodon'tneedreal-timeinformation.Theprogramdownloadsminuteanddaydata.Alltherestresolutionsarebasedonthem.Minutedataisdelayedby20minutes.Astheserviceisfreeofchargeitsreliabilityandthequalityofquotesarelowerthanwiththeserviceprovidedbythecommercialdatavendors.
Pro ConFreequotes Lowreliability
Noinstallation
andconfiguration
Poordataquality
Featuresandlimitations
Settingup
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MetaStockMetaStockhasbeenoneoftheleadingprogramsforyears.ManyofdatasourcesprovidedataintheMetaStockformat.
Pro ConAready-to-worksystemalready
inplaceRealtimeunavailable
WidestcoverageNeedtohavethedataalreadyaccumulated
Abilitytouseexistingdata
fromMetaStockdatabase(from
QCharts,Reuters,eSignal
etc.)
65000barspersymbollimitation
Featuresandlimitations
Settingup
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WorkingwithHolidaysThistoolisusedtoindicatethedayswhentheexchangesdonotworktoavoidgapsonthecharts.Theholidaysaredividedintogroupssooneselectholidaysbynationorotherparameter.Sometimesitmakessensetogrouptheholidaysintonationalandinternationaltoavoiddouble-listing.Inothercasessortingholidaybycountriesmaybemoreconvenient.
AddingGroups
AddingHolidays
RemovingHolidays
RemovingGroups
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EditingSymbolEditSymbolallowschangingthefollowingparameters:Symbol,Description,ExchangeListed,Category,DataSource,ContractMonth,PriceScale,CUSIP,Root,Margin,ContractYear,ExpiationDate,ExpirationRule,ExpirationStatus,DailyLimit,Min.Movement,BigPointValue,StrikePrice,OptionType.
Editinganewsymbolparameters
Editinganexistingsymbolparameters
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ImportingDataTheprogramsupportsimportingfrommostknowntext(ASCII)files.Theprincipalrequirementforthefileisaclearstructure,dataintegrityandabsenceoflogicalerrors.
SeeInvalidASCIIfilessectionforinformationonthemostcommonfilefaults.
Theprogramisbasedonanalyzingseveralhundredsofquotefiles,mostinuniqueformats,whichservedasprinciplesforfilestructureanalysis.Despitesuccessfulautomaticrecognitionofover95%offiles,therearestillsituationsrequiringtheusertointerfere,mostlybecauseofimproperfilestructureoriftheprogramcannotmakeupaconclusiononitsstructure.
FormoreinformationonknownimportlimitationsseeASCIIImportLimitationssection.Pleasebecarefulwhenimportingfiles.
HowtoimportASCIIdata
InvalidASCIIfiles
ASCIIImportLimitations
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OnlineModeDataCollectionOnlinemodeallowstocollectdatawithoutanychartcreating.Theunlimitednumberofsymbolscanbeconnectedtoadatafeedandthereceivedquotesarestoredinthedatabase.
Thesymbol'sconnectionstatusaswellasthenumberofthequotesreceivedisdisplayedintheRealtimeStatuscolumn.
Connectingsymbols
Disconnectingsymbols
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MappingASCIISometimesimportingdatatothedatabaseisextremelycomplicatedoroutrightimpossible.InsuchacaseASCIImappingisthesolution;therearetwoprincipalreasonsforusingASCIImapping:
1.IfoneorseveralASCIIfilesconstantlyusedareperiodicallyupdated.Eveniftherearejustafewupdatesperday,re-importinghundredsofsymbolsisdifficultorjustnotfeasible;
2.Iftick/volumebarsmustbedisplayedonachart.
Whenmapping,thefilepathandformatisindicatedonce,andeverytimeachartiscreatedtheprogramfindsthefileautomatically,convertsitintothenecessaryformatbasedonthepresetconfigurationanddisplaysthedata.
HowtomapASCIIfiles
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ExportingDataThequotessavedinthestoragecanbeexportedtoatextfile(ASCII)andimportedintomostofexistingprograms.Theprogramallowstheusertospecifythenecessarydatacolumnsandtheirorderaswellasthestart/enddate/time.
Howtoexportdata