SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : TC2000 Users Technical Analysis Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Julius Wong who wrote (1536)1/16/1999 6:58:00 PM
From: drsvelte  Read Replies (3) of 3291
 
Jeff Cooper's Expansion Breakout Scan

Jeff Cooper has written a popular book on short-term trading titled Hit and Run Trading.(There used to be a thread here on SI devoted to hit and run trading). One of the basic strategies discussed in the book is an expansion breakout. His analysis indicated that the most profitable price breakouts were accompanied by a daily range greater than the range of the nine previous trading days. His "rules" for buys:

1. Today's Close must be two month high.

2. Today's Range must be greater than/equal to the range of the 9 most recent trading days.

3. Tomorrow, buy when 1/8 point above today's high.

4. Place protective stop 1 point under today's close.

Here's the code that I've used to implement this system:

Range:

(H - L) >= (H1 - L1) AND (H - L) >= (H2 - L2) AND (H - L) >= (H3 - L3) AND (H - L) >= (H4 - L4) AND (H - L) >= (H5 - L5) AND (H - L) >= (H6 - L6) AND (H - L) >= (H7 - L7) AND (H - L) >= (H8 - L8) AND (H - L) >= (H9 - L9)

Two month high:

C > MAXC42.1

I also do not trade particularly illiquid issues or stocks under $10, so I added these conditions:

V>AVGV42.1

AVGV42.1>=1500

C>=10

I am running TC2000v4.2.0025. Scan on Friday's close yielded 23 candidates.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News