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To: ftth who wrote (48)1/29/1998 9:05:00 PM
From: Jan Robert Wolansky  Read Replies (1) | Respond to of 237
 
Dave, you may wish to consider doing a scan once a week on weekends, to cut your database down to say, 1000-2000 tickers, and move these over to Metastock. Then each night, quotes plus will automatically update this file in Metastock. Then, you can do all sorts of scans on this smaller database in Metastock, with each scan taking 1-5 minutes.

I tend to focus on stocks under $31, and as I mentioned yesterday, currently have a database of 1200 stocks above their 200 day moving average with avg volume > 30,000 shares (over the last 90 days).

Jan



To: ftth who wrote (48)1/30/1998 6:41:00 AM
From: Tim Fierro  Respond to of 237
 
To make a long story short, I won't be able to add the additional screening factor (at least, not in this lifetime) because Q+ doesn't have these indicators.

If you follow the Q+ conference, you might have noticed a suggestion a while back by another, or you may have missed it, but here is a way to cut your time down when doing big scans.

Use a PRE-SCANNED.LST file. This does a quick scan for the primary items and then you feed it into your regular scan; example as follows.

PRE-SCAN.SCN
-------------------------
AllGroup // All Conditions Must Be Met
Exchange Nasdaq // NASDAQ Stocks Only
IssueType = Common // Common Stocks Only
High(0) <= 30.00 // Highest Price <= $ 30.00
Low(0) >= 10.00 // Lowest Price >= $ 10.00
QRS(0) >= 80 // Quotes Plus Relative Strength >= 80%

DAILY.SCN
-------------------
Input = "PRE-SCAN.LST"
Allgroup
.... rest of your scanning criteria follows.

The idea is to create a quick pre-scanned list that has the basics of what you are after and it will run pretty quick. Then you feed only those that had the hit into your regular scan instead of running your regular scan on the whole database of 11,000 stocks.

Just a suggestion to think about if you have scans that take a long time to run. I am not saying that my above few items are what you would be using but you can see that if you put your price requirement in, maybe a RSI of some level you are comfortable with and possibly even put down an average volume you want before you consider it, you would cut the beginning part of your scans down in time.

Tim