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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Maarten Z who wrote (4071)	2/26/1999 5:17:00 PM
From: funk	Read Replies (1) \| Respond to of 7382

MZ you are right $STQ02 is lame. I think thats why a lot of traders are using Sort Wizard, which MBT has been kind enough to provide gratis if you do enough trades. neo-ips.com there is a free trial and it runs off of your data feed so its a neat fit with the realtick software good luck, funk here is a sample of how some traders use the tool: The SortWizard strategy we are forwarding today is one of our favorites because we have found that it gives gains with a high degree of reliability. As presented here, we assume you will be buying stocks in a strong market. In weak markets, you can work this strategy in the opposite way to short stocks. If you have any questions on this strategy or any aspect of SortWizard, please contact us at sortwizard@iname.com. Strategy – Gap & Snap: Often, when a stock gaps up at the opening of trading, it can be an indication that the stock is very strong and will continue to rise. However, gapping stocks might also be met with strong resistance, only briefly trading up from their open and then falling to trade at lower levels for the remainder of the day. As a day trader, you will want to identify and trade those gapping stocks that are more likely to continue to trade strongly while ignoring those that are weak after opening strong. Our Gap & Snap strategy identifies the best gapping stocks, and we use SortWizard to assist our execution of the strategy. This strategy works by identifying stocks that gap up by at least 5/8 at the opening of trading. We then let those stocks trade for a full 30 minutes and mark the high that each of them reaches during that period. The stocks are bought that day only after they trade above their 30-minute high. When you have purchased a stock, you should determine your stop based on the degree of risk you are willing to take. However, your stop should be no lower than 1/16 below the low reached during the first 30 minutes of trading. Finally, if a stock trades below its first 30-minute low before it breaks its 30-minute high, the strategy is invalid. This strategy has had a high degree of reliability to give gains of ½ point or more. Sort Wizard Setup: 1.We have included with Sort Wizard a file that you can use to execute the Gap & Snap Strategy. This file is named "Gap and Snap.STK." Open this file using "File-Open…" on the menu bar or the Open icon box on the tool bar. This file has been pre-set to screen stocks with trade price in the range 10-50 and volume of 100,000 or more during the first 30 minutes of trading. These parameters can be changed by clicking on the "P" icon on the tool bar and changing the "Trd Price" or "Vol" selection properties. (If you change the parameters, remember to save the new search.) 2.At 10:00 eastern time, perform the search by clicking on the "S" icon. This will bring up all stocks with the requested trade price and volume. 3.Next, sort the stocks in descending gap order by clicking on the "Gap" column heading. 4.Scan down the list and left click on the first entry with a gap of less than 5/8. Then go to the bottom of the list and click on the last entry while holding the "Shift" key down. This will highlight all entries with gaps less than 5/8. Hit the "Delete" key to delete the highlighted entries. 5.The remaining stocks should be inputted to the Real Tick III alarm program so that they will alert you once they trade above their highs listed in the third column. 6.Depending on the number of gapping stocks identified, step 6 above can be quite daunting. The following tips can help to ease this task Adjust the trade price range to decrease (or increase) the number of stocks brought up. Increase the gap cutoff to decrease the number of stocks identified. Click on the "%Rng(day)" and begin entering stocks into the alarm that are closest to their daily high. Begin the process ten minutes early at 9:50 Eastern Time. Then begin entering stocks into the alarm that are closest to their daily lows in the "%Rng(day)" sort. Make sure you click on the "R" icon at 10:00 Eastern Time to refresh the data and get the exact 30-minute high for each stock. 7.Finally, by checking the "News Date" and "News Time" columns, you can quickly determine if there is a news item out for a gapping stock. Disclaimer The above strategy is intended for educational purposes only to demonstrate SortWizard usage. Those who act in accordance with the contents and suggestions of this document are acting on their own. Each trader is responsible for his or her own actions, if any. Your reading of this document constitutes that you are in agreement with this disclaimer and exempts the author and Neo Inc. from any liability or litigation. If you do not agree with this disclaimer, it is your responsibility to refrain from taking action on anything detailed within this document.