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I'm developing a system for trading index futures based on the sentiment in financial news. Currently I'm evaluating a few sentiment indicators, the best one so far is avoidingtheherd.com.
Which sentiment indicators are you using and is there anyone else trading on sentiment only?
It is a bit strange, if you use your first post to advertise a website. That is not very subtle.
If you say that the best sentiment indicator you have found is avoidingtheherd.com, which were the other ones that you have evaluated. And why do you think that avoidingtheherd.com is better?
By news sentiment do you mean that you are aggregating news based on key word sentiment into some type of algo that will give you a signal indication?
By news do you mean actual news or do you include the bias of the "reporter"?
At any rate, I concur that posting a website with a claim to it's value in a first post seems like it could be a commercial.
Avoid the herd by the name seems a little dumb because it would imply a flat position...the herd move markets..so being in front of the herd is kinda the point.
They are very inexpensive, spot on, and usually ahead of the other professional news services with enough lead time to get me ahead of the herd or out of the way.
Well, among the others we have Reuters Sentiment Analysis, SentimentNews.com and Opfine.com. For me as a relative amateur I appreciate the easy to read trade signals from avoidingtheherd.com, and of course that it's free. But I guess if you’re trading individual stocks or currencies you would need something much more flexible.
If anyone is interrested I could post a more thorough review.
Snoopd, I trade with sentiment and indicators such as MACD.
Another one to look at (which I have worked for) is sentimize.com. It doesn't compare POV on particular stocks, etc. Though it does compare the sentiment from different countries, etc and news categories.