| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 11/27/2004
Posts: 3
|
Can PCF's be written using Phil Towns' Rule 1 philosophy? Can scans be created that would sort out fundamental data such as EPS, book value, return on equity growth rates, forecasting future value, little or no debt, etc. How can TC2000 help me with a trading system that can do alot of this research for me?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I cannot say for sure what aspects can or cannot be implemented because I don't own the book. That said, there are a variety of built in Fundamental System Criteria that can be used as EasyScan Conditions in TeleChart or Strategy Conditions in Blocks. You may wish to review the following:
Using EasyScan to find stocks that meet your own criteria
Definitions of all built in scanning and sorting criteria
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 11/27/2004
Posts: 3
|
Bruce, thanks for the reply. I will try to be more specific. Part of the strategy is to find companies that have EPS growth rates, ROI, Sales, book value all increasing above 10% for the past ten years. After this is found, then you forecast the EPS for the next 10 yrs. and multiply by historic PE ratio to establish future value. I doubt if TC2000 has to ability to do any future forecasting, this can be easily done in Excel, trying to find companies that meet these criteria is the challenge. After these companies are found, I would then want to determine which of these are trading at very low PE ratios (ie. finding quality companies that are out of favor)
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
In TeleChart, Fundamental Criteria are limited to exact built in Fundamental System Criteria. If it is not there, you can't create it. There is no may to reference Fundamental Criteria using TeleChart's Personal Criteria Formula Language and only the current value is available.
The Blocks Strategy Trader Pack has historic Fundamentals. You can also use the available Fundamentals in Block Diagrams to create your own Fundamentals by combining them mathematically. That said, I do not know how to create ROI.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 8/7/2007
Posts: 12
|
I've noticed there are quite a few people trying to use your programs to find stocks that meet Phil Town's Rule 1 strategy. However you don't seem to have the resources to meet the need. Does anyone know of software that can do what we're looking for?
|
|
Administration
Joined: 9/18/2004
Posts: 3,522
|
If we knew what the calculation for ROI was we would probably be able to create in in Blocks (as long as the fundamental criteria is available).
Ken Gilb (Kuf)
Chief Software Engineer - Worden Brothers Inc.
Try/Catch - My RealCode Blog
|
|
Registered User
Joined: 8/7/2007
Posts: 12
|
According to Phil's book the formula for ROIC is: net operating profit after tax/equity+debt
I hope that will help.
|
|
|
Guest-1 |