This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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SocialPicks is a community for stock traders and investors to share investment ideas, rate stocks and track other users' investment decisions and performance. Each investor can express his opinion regarding a particular stock; he can then decide whether his is bullish (initiate a buy) or bearish (initiate a sell) on that stock.
The current item downloads RSS feeds from the SocialPicks.com website. The feeds contain users or investors bullishness or bearishness on a particular stock.
Each ticker symbol has its own feed, the RSS content is downloaded, parsed and finally inserted into a custom database. The database name is 'socialpicks' and it has 2 columns: title and link.
After downloading some data, here is how a row will look like:
Symbol: AAU - 11/06/2009 02:03:49 - Almanden Minerals Ltf (AAU) is a BUY - http://www.socialpics.com/ideas/show/....
To plot or to create trading rules using this data, use the 'GetDataStringCount' function.
This function loads the provided database and field data and returns a time-series containing the number of elements found on each bar (date) that match the regular expression used as argument.
The following line of code will return a time-series that contain a value of 1 on bars where the word 'BUY' is found.
GetDataStringCount('socialpicks', 'title', 'BUY');
If you are looking for bearish comments, then search for the word 'SELL' within the comments using the following formula:
GetDataStringCount('socialpicks', 'title', 'SELL');
To get the number of elements or comments from SocialPicks for each bar, use the following formula:
GetDataCount('socialpicks', 'title');
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
