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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Two years ago, I have created a stock market news downloader that gets news data for U.S stocks from an RSS feed provided by Google.
This item downloads the last 10 news items and stores them in a custom database whose name is "google_news". You can get this trading item here News data for US companies from Google RSS feed.
The current item is for traders who want to perform EOD and intraday simulations/backtests using trading rules that generate signals based on news data.
The difference with the last item is that the current one gets much more stock news data (More than 3 years worth of data). For example, when downloading news data for Google, the item downloads +470 entries. For each stock and each news entry, the title is stored in a field named "Title" and the description (few words) is stored in a field named "Description".
Because it gets more data, the downloading process takes more time to complete than the original one. However, you need to run it only once; after that, you can use the above Google Item to get news updates.
An example of a trading rule that generates a buy signal if a positive word is detected in a stock news entry:
buy = ContainsWords('google_news', 'title', 'Buy,Jump,Big,Increase,Up');
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.
