Introducing OwnData 2 OVERVIEW OwnData 2 is the second generation of unique software that allows you to use third party data in TradeStation 8.1 and thus opens brand new possibilities for your trading. Previously you were limited to the data provided by TradeStation Securities servers. Now OwnData 2 opens eSignal, Interactive Brokers (IB), Patsystems (J-Trader), TradeStation 2000i GlobalServer, ASCII (plain text), Universal DDE, Tenfore, Free Quotes and other data sources to you (read more about supported data feeds). OwnData 2 is developed from the scratch considering the user input, the issues and limitations of the first generation. The most demanding reliability and functionality requirements were met without sacrificing user-friendliness. Even if you're content with the data provided by TradeStation Securities, we recommend OwnData 2, as it will allow you to import ASCII (plain text) files to native TradeStation data or give you a backup in case of any problems with TradeStation Securities feed. Using OwnData 2 significantly decreases the risks of interrupting the trading system's work and receiving faulty data. The program allows access to completely new trading securities and opens new analysis possibilities. Deep integration with TradeStation 8.1 provides for effective and user-friendly handling. OwnData 2 solves a number of principal problems associated with using TradeStation 8.1: Impossibility to use any ASCII data for analysis Incomplete trading markets coverage. Lack of Canadian, Asian, African, European and other markets Lack of a backup data vendor if there's an interruption of real-time quotes Plotting charts on the basis of Bid or Ask not supported Synthetic symbols creation for subsequent use in TradeStation 8.1 not supported FEATURES
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
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.
ExpandAll
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
ExpandAll
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
ExpandAll
WorkingwithExchanges&ECNsThistoolallowsadding/removingExchanges/ECNsandeditingtheirparameters.TheExchanges/ECNsparametersareinheritedbythesymbols,sothebetteraretheExchanges/ECNstunedin,thehigherwillbetheoverallqualityofthesystemperformance.SometimestheExchange/ECNsettingsaren'tthesameforallthesymbolstradedonagivenExchange/ECN.Sotheuserisabletoeditsettingsonasymbol-by-symbolbasis,althoughinthemajorityofcasestheExchange/ECNsettingsareexactlythesameastheindividualsymbolsettings.
AddinganExchange/ECN
RemovingExchange/ECN
EditingtheExchange/ECN
ExpandAll
WorkingwithCustomSessionTemplatesThistoolallowscreatingtemplatesforrapidaccesstothesessionconfigurations.Thisisespeciallyusefulfornon-standardsessionsusedwithseveralsymbols.Createatemplateonceandactivateitforthedesiredsymbolwithjustafewclicks.
AddingSessionTemplates
EditingaSessionTemplates
DeletingSessionTemplates
ExpandAll
WorkingwithDataSourcesThistoolisusedformanagingdatasources.Itallowsadding/removingdatasources,editingtheirsettings,namesandabbreviations,receivingdatasourceinformation,theirstatesandversions.
AddingDataSources
ActivatingDataSources
DeactivatingDataSources
ConfiguringDataSources
CloningDataSources
EditingDataSources
DeletingDataSources
ExpandAll
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.
ExpandAll
eSignalOneoftheleadingprofessionaldatavendors.Thecompanyhasbeenworkinginthefinancialinformationareafordecades,constantlyimprovingitsservices.Theprogramperformanceandstabilityisthebestwiththisdatavendor.ClickheretosubscribetoeSignalataspecialprice.
Pro ConAffordableprice Notenoughhistorydata
Widestcoverage Nohistorydataforoptions
HighreliabilityNocontinuouscontractsfor
internationalmarkets
Featuresandlimitations
Settingup
ExpandAll
InteractiveBrokersOneoftheleadingelectronicbrokers.Gainedimmensefamewithitshighquality,affordablepricesandsupportingtradingonmanyexchangesworldwide.
Pro ConFreequotes Averagestability
Featuresandlimitations
Settingup
ExpandAll
Patsystems(J-Trader)Awell-knownsystemusedbymanybrokers.
Pro Con
FreequotesNo
historydata
Featuresandlimitations
Settingup
ExpandAll
GlobalServerOmegaResearchTradeStation2000ihasbeentheleadingprogramforyears.NosurprisethathundredsofdatasourceswereintegratedintoGlobalServer.WethinkthatOwnData2willbemostusefultoallusersofTradeStation2000iwishingtousealltheadvantagesofTradeStation8.1'snewfeatures.
Pro ConA
ready-to-worksystemalready
inplace
None
Featuresandlimitations
Settingup
ExpandAll
TradeStation8.1Thisdatasourceisofutmostimportanceifthere'saneedtoimportquotesinASCIIformatintoTradeStation8.1.Thisenablesdatatestingonimmensevolumesofdata.OwnData2servesasaproxythatinterceptsallqueriesfromTradeStation8.1,receivesdatafromTradeStationSecuritiesservers,analysesthemissingdataandfillsitfromthelocaldatabase.SotheprogramunitestheoriginaldatawithdataadditionallyimportedinQuoteManager.
Pro ConAdditionaldataimportsupported None
Featuresandlimitations
Settingup
ExpandAll
UniversalDDEDDE(DynamicDataExchange)isawidelyusedprotocolforexchangingdatabetweenapplicationsintheMSWindowsenvironment.Pleaseseethedeveloper'swebsiteformoredetailedinformationonDDE.
Pro ConWidestchoiceofdatasources Lackofhistoricalquotes
DatapreprocessingwithExcelorotherprograms
possible,additionalfeaturessuchasbadtickfilteringandcreatingsyntheticsymbols
Averagestabilityandperformance
Featuresandlimitations
Settingup
ExpandAll
IQFeedOneoftheleadingprofessionaldatavendors.Thecompanyhasbeenworkinginthefinancialinformationsince1984.IQFeedprovidestick-by-tickunfiltereddata,thusyouwillnotmissabout50%oftheactualtrades.
Pro ConAffordableprice Notenoughhistorydata
Unfiltereddata Insufficientcoverage
Featuresandlimitations
Settingup
ExpandAll
MarketCastMarketCastprovidesrealtimedatafortheAustralianmarkets.Informationcomestousersviathetelevisionsignal.
Pro ConAffordableprice Nohistoricaldata
Reliability Hardwarerequired
Featuresandlimitations
Settingup
ExpandAll
TenforeOneoftheleadingprofessionaldatavendors.Thecompanyhasover15years'experienceindeliveringinformation-basedsolutionsfortheglobalequities,derivativesandtreasurymarkets.
Pro ConGoodcoverage APIunreliability
Featuresandlimitations
Settingup
ExpandAll
FreeQuotesThequotesaredownloadedfromthefreeofchargerecourseswhatmakesitthemostcost-effectivesolutionforthosewhodon'tneedreal-timeinformation.Theprogramdownloadsminuteanddaydata.Alltherestresolutionsarebasedonthem.Minutedataisdelayedby20minutes.Astheserviceisfreeofchargeitsreliabilityandthequalityofquotesarelowerthanwiththeserviceprovidedbythecommercialdatavendors.
Pro ConFreequotes Lowreliability
Noinstallation
andconfiguration
Poordataquality
Featuresandlimitations
Settingup
ExpandAll
MetaStockMetaStockhasbeenoneoftheleadingprogramsforyears.ManyofdatasourcesprovidedataintheMetaStockformat.
Pro ConAready-to-worksystemalready
inplaceRealtimeunavailable
WidestcoverageNeedtohavethedataalreadyaccumulated
Abilitytouseexistingdata
fromMetaStockdatabase(from
QCharts,Reuters,eSignal
etc.)
65000barspersymbollimitation
Featuresandlimitations
Settingup
ExpandAll
WorkingwithHolidaysThistoolisusedtoindicatethedayswhentheexchangesdonotworktoavoidgapsonthecharts.Theholidaysaredividedintogroupssooneselectholidaysbynationorotherparameter.Sometimesitmakessensetogrouptheholidaysintonationalandinternationaltoavoiddouble-listing.Inothercasessortingholidaybycountriesmaybemoreconvenient.
AddingGroups
AddingHolidays
RemovingHolidays
RemovingGroups
ExpandAll
EditingSymbolEditSymbolallowschangingthefollowingparameters:Symbol,Description,ExchangeListed,Category,DataSource,ContractMonth,PriceScale,CUSIP,Root,Margin,ContractYear,ExpiationDate,ExpirationRule,ExpirationStatus,DailyLimit,Min.Movement,BigPointValue,StrikePrice,OptionType.
Editinganewsymbolparameters
Editinganexistingsymbolparameters
ExpandAll
ImportingDataTheprogramsupportsimportingfrommostknowntext(ASCII)files.Theprincipalrequirementforthefileisaclearstructure,dataintegrityandabsenceoflogicalerrors.
SeeInvalidASCIIfilessectionforinformationonthemostcommonfilefaults.
Theprogramisbasedonanalyzingseveralhundredsofquotefiles,mostinuniqueformats,whichservedasprinciplesforfilestructureanalysis.Despitesuccessfulautomaticrecognitionofover95%offiles,therearestillsituationsrequiringtheusertointerfere,mostlybecauseofimproperfilestructureoriftheprogramcannotmakeupaconclusiononitsstructure.
FormoreinformationonknownimportlimitationsseeASCIIImportLimitationssection.Pleasebecarefulwhenimportingfiles.
HowtoimportASCIIdata
InvalidASCIIfiles
ASCIIImportLimitations
ExpandAll
OnlineModeDataCollectionOnlinemodeallowstocollectdatawithoutanychartcreating.Theunlimitednumberofsymbolscanbeconnectedtoadatafeedandthereceivedquotesarestoredinthedatabase.
Thesymbol'sconnectionstatusaswellasthenumberofthequotesreceivedisdisplayedintheRealtimeStatuscolumn.
Connectingsymbols
Disconnectingsymbols
ExpandAll
MappingASCIISometimesimportingdatatothedatabaseisextremelycomplicatedoroutrightimpossible.InsuchacaseASCIImappingisthesolution;therearetwoprincipalreasonsforusingASCIImapping:
1.IfoneorseveralASCIIfilesconstantlyusedareperiodicallyupdated.Eveniftherearejustafewupdatesperday,re-importinghundredsofsymbolsisdifficultorjustnotfeasible;
2.Iftick/volumebarsmustbedisplayedonachart.
Whenmapping,thefilepathandformatisindicatedonce,andeverytimeachartiscreatedtheprogramfindsthefileautomatically,convertsitintothenecessaryformatbasedonthepresetconfigurationanddisplaysthedata.
HowtomapASCIIfiles
ExpandAll
ExportingDataThequotessavedinthestoragecanbeexportedtoatextfile(ASCII)andimportedintomostofexistingprograms.Theprogramallowstheusertospecifythenecessarydatacolumnsandtheirorderaswellasthestart/enddate/time.
Howtoexportdata
ExpandAll
EditingDataThistoolisnecessarytoreviewandeditdata.Ithelpsquicklyfindandcorrectthebadticksaswellasaddordeletenewdata.
OperatingwithData
AccessingEditDataWindow
ModifyingDataSettings
AddingNewData
InsertingNewData
DeletingData
FindingData
GoingtoData
SelectingAllQuotes
Related Documents
