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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (19651)12/20/2000 2:29:56 PM
From: NW_Trader  Respond to of 59879
 
Hi Mark,

Actually have several machines littering the house, however only one is configured for my trading and research. I mean to set up a second system this year, and perhaps add another RT data feed (would like RQ, but want better reliability than quote.com has historically provided). Do you really like WOW IT? I really got to dislike the service prior to Omega buying them, the programming language is not user friendly to error detection, and don't like the proprietary data format of their feed, but might reconsider if there is sufficient value.

I agree that the scan I wrote for WOW needs a lot of filtering. The one I did for QP doesn't have as many hits. It limits price to b/w 3 and 50 (not just > 2) , requires 20 day average volume > 150K, requires the DI delta to be widening for 3 days, requires the 20 day EMA to be rising for 5 days (vs 1 day rise). And it uses a prescan that limits consideration to NYSE, AMEX and NAZ stocks with a month's trading history, and longer term (quarter over quarter) increasing volume.

Other possible filter tweeks: beta, alpha, float, CCI, RSI or MACD. And need to back test the scan some as written.

What think you of the hits it gave last night? Today isn't a good day for evaluation, but longer term?

Peace and Justice --- Patrick

In edit: Talking head on CNBC just said traders are really interested in gold stocks today, and not just short covering. Something not seen for many years. Little does he realize the train has been leaving Gizzard Gulch Station for a while. (BTW, how did you get your TATRADER name to stay gold all the time? I noticed this since returning from my "market vacation", and ment to ask - HTML editing of your profile?)



To: TATRADER who wrote (19651)12/20/2000 9:11:37 PM
From: Rashid Garuba  Respond to of 59879
 
Mark,

My input list is usually less than 300 stocks, limited by 1 mo avg daily volume >=400000, avg daily range >=1. Lateely I get a list similar to Pat's, usually under 20 stocks. Quite a few of the hits from the other day were up today, mainly banks and insurance stocks.

Rashid