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tdium

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tdium

Re: Deadb440 post# 3779

Sunday, 11/06/2005 1:45:22 PM

Sunday, November 06, 2005 1:45:22 PM

Post# of 7256
It is an excellent scan but... when backtesting it did not filter out any significant number of candidates compared to a basic mac or sto scan.

I am gradually dropping scanning as a method of finding trading candidates. Having experimented to almost a level of exhaustion, my preference is now to maintain a "hot" list of pre-selected stocks and monitor them frequently for optimum TA signals. My objective is:

1) become less reliant on Stockcharts features in preparation to go to an alternative Charting Service with better reliability and customer service.

2) attempt to emulate some of the pro TA traders who appear to also downplay scanning.

SmallCap centre has an excellent free scanning tool if anyone is interested.

Cheers


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