Replies to post #238 on scans

[pagello]

I see from the intro that people have beaten me to my genius discovery, but after having as many as 30 different scans for various long, swing, day setups these two are consistently making me money :-)


Popper

[type = stock] AND [country = US] and [Daily SMA(20,Daily Volume) > 40000] and [close > 1] and [close > yesterday's close * 1.05]


Tanker

[type is stock] and [sma(20,volume) > 40000] and [country is US] and [ volume > yesterday's sma(20,volume)*2] and [ close < yesterday's close * .9]


Intraday with ExtraRT sub. at Stockcharts. These scans give me a variety to find the volume and price range I want and daytrade.

[unspokenvoice]

Your high volume requirement probably made all the difference.

I used EquityFeed for my penny stock scans, as it scans in real time, but unfortunately, it can be quite buggy.

I mainly focused on subpenny stocks at the beginning stages of a breakout, or ones that were beaten down and looked like they might pop. I even created some sudden volume scans to try to find frontloading.

I'm guessing my problem was that I was attempting to create a predictive scan using relatively low dollar volume movements. I got way too many false positives.

I probably would have been more successful if I moved to a better subset of penny stocks, but the trade activity and dollar volume for Nasdaq/AMEX/NYSE stocks is just so much more attractive.

I'll have to read up on Hurst this weekend. Thanks for the info.