There are occasions when an ETF ranking system, or parts thereof, may be useful in a stock ranking system. But when the ranking system has a lot of nodes with complex formulas, it becomes quite a chore to copy/paste every formula and ensure that the direction (higher/lower) of the node is set correctly. There is actually an easy way to do the copying, all you need is a PC and text editor such as notepad.
Stock market analysis tools provided by Portfolio123.
This tutorial uses the Portfolio123 standard ranking system "Risk-Reward - Aggressive". The procedure requires switching back and forth between two windows, one with Portfolio123 open, and the other with Notepad, or other text editor open. Start by signing in to Portfolio123, if not already done. Open Notepad in a second window.
Fromvthe main Portfolio123 menu, select Ranking Systems from the TOOLS pull-down as shown below.
Then select Risk-Reward - Aggressive from the ETF Ranking Systems folder. The folders are displayed on the left side of the window.
The ranking system ranking system is now visible. The text version of the ranking system will be accessed and copied (instead of trying to copy individual nodes or formulas within nodes). To initiate this activity, click on text editor as shown below.
Within the text editor field, the entire ranking system in text form is viewable and editable.
Don't try to edit this ranking system. Instead, copy the text in its entirety into the clipboard, then paste the clipboard into Notepad. Once the text has been copied then cancel the ranking system text edit as shown.
Go back to Notepad and replace all occurrences of ETFFormula with StockFormula.
Inspect the resulting text to verify that all occurrences of ETFFormula have been replaced by StockFormula.
Now go back to Portfolio123 and create a Stock Ranking System as shown below. This new ranking system will be the destination for the copied ranking system.
Give the ranking system a name and save it.
Click on text editor to open up the text box and delete the existing text <RankingSystem RankType="Higher"> </RankingSystem>.
Now return to Notepad and block select (or Select All) the modified ranking system and copy it into the clipboard as shown below.
Return to Portfolio123 and paste the clipboard as plain text into the text field.
Click on Save as shown below.
Now the entire ranking system can be seen, but it is a stock ranking system instead of an ETF ranking system.
There you have it. The procedure seems long and complicated, but it is actually quite easy, easier to do than to explain.