mantis2k4
20 posts
msg #41186
- Ignore mantis2k4 |
2/13/2006 10:07:58 PM
I got this idea from one of muddy's concepts.
It finds stocks that recently made a new high, or breached the upper bollinger band and returns to the muddy zone (between ema13 and ma20.)
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yepher
359 posts
msg #41190
- Ignore yepher
modified |
2/13/2006 11:32:48 PM
These two line are going to yield many un-tradable stocks and just waste your time:
price between .01 and 50
average volume(90) is above 3000
If you are trading a penny stock that is tading only 3000 shares you can barely make commission back.
A trick I like to do is multiply close and volume and than set criteria to make sure I trade less than 10% of the daily $$ amount traded.
Something like this
set{dVolume, close * volume}
dVolume > 1000000
I believe this is superior to the simple form (volume above 1000000).
My $.02
-- Yepher
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TheRumpledOne
6,407 posts
msg #41196
- Ignore TheRumpledOne |
2/14/2006 7:24:19 AM
"A trick I like to do is multiply close and volume and than set criteria to make sure I trade less than 10% of the daily $$ amount traded."
I prefer trading no more the .10% of the daily volume. I don't want to be "stuck" with the "Old Maid"..LOL!
MAY ALL YOUR FILLS BE COMPLETE.
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mantis2k4
20 posts
msg #41221
- Ignore mantis2k4 |
2/15/2006 10:02:58 AM
Thanks, that helps. I usualy just look through the charts to determine if there tradeable.
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