"Anyway, I think you should post that scan Brooke. It may be a good one after this bear is over."
I don't think the scan would be at all useful, Monty, except perhaps as a lesson in how not to trade.
One of the members of the group did some back-testing on it, and found that the section of it dealing with float turnover had no bearing on future performance. That was half the scan, and it was found to be useless, at least in those tests.
That leaves ATR, which was used in the scan to find stocks with relatively high volatility. This was at the height of the market, shortly before the crash. ATR was combined with high trade rate in QCharts to find volatile stocks, and the results were probably very interesting. ("Brother, can you spare a dime?")
Apparently, some of the group members are seeking professional help (in a manner of speaking), with a group called TCI (www.tcicorp.net). It's a company that offers investment education and trading systems. PTATR didn't do it for them, it seems. |
