--- In [email protected], "brian_z111" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "protraderinc" <protraderinc@> > wrote: > > > > Hi, > > > > Can a scanner or explorer be written out of the following criterias? > > > > Its a basic MA system I used for forex but want use the idea in > stocks. > > Simple MA use are 30, 50, 100 SMA. For easy illustration, we will > only > > talk about uptrend buy signal > > > > - The ma must stack with 30sma to be the first,follow by 50 then 100 > > uptrend buy signal. Vice versa for sell signal. > > > > - Charts to appear in scan should have price within the 30 and 50 > SMA > > zone. Price can just have the shadow touching 30sma to be included > in > > the setup. > > > > - If price close 1 bar below 50sma, I'll consider it to be a riskier > > trade. I'll will watch out if it bounce off the next day. If not > I'll > > void the setup. > > > > I usually visually check the chart for such setup. Very difficult > to go > > thru all for stocks :( > > > > The idea for this strategy is to find those trending stocks and > buying > > those that bounce off from the 30-50sma zone. if price drop with a > long > > candle cutting thru and close below 50sma, in order to enter we > need it > > to bounce off asap and take the buy signal. If it hang around the > area > > below 50SMA or around it I'll void the setup. To take the trade > simply > > you can use price action to time your entry. Such as breakout from a > > short term down trendline, MACD Default setting: minimum 4 down > > histogram bar and signal entry on the up histogram bar in the SMA > Zone. > > Or if price is already in the zone and there is a small > consolidation in > > the zone, Buy at the break of the range top. Plenty of ways to > trade. > > > > Hope someone can help construct this SMA scanning criteria. > > > > I'll try to post some snapshots of how such setup can be profitable. > > > > Dave > > > > Sure, I know this trade. > A way back I paid around USD$300-400 for a variation of it and I > spent plenty of time studing the intracies (I won't say if it is a > good trade or not but I got my moneys worth out of the study anyway). > > I am like CarlaCash - I see better when I am standing on my feet, and > not my head, so unless Carla shares her upside down chart method I > will stick with the bulltrade (don't worry Carla I have also had the > silly idea, in the past, to reverse charts upside down for bear > trading). > > > As an aside, I am inclined to the theory that there is only one trade > we can make and everything is a variation on it (like the Zen 'One > Mind' or the Moody Blues 'Search For The Lost Chord') and this trade > contains all the elements of 'The One Trade' (the exceptions are > things like arbitridge trading, mispriced options etc). > > Anyway, back to the story. > > The 'Raw Signal' for this setup is the conjunction of bullish MA's > and the bar crosses the MA from above: > > 1) for any MA the ROC(Field,Periods) > 0 is an easy way to filter for > that condition, > > 2) for the move into the 'zone' from a bull run the filter is that > the prevous low is > short MA and the current low is < short MA. > > So that filter will give you those stocks that are pre-empting your > specific setup. That list will considerably shorten your search. > > After that it comes down to what conditions you are going to apply to > your entry (and there are quite a few of them). With this trade that > is where the fun starts. Once the current bar is in the 'zone' what > conditions will you use to filter that list of stocks down to the > short list or the one or two that you will take. > > You are using one condition? > That the close of the bar must not be below the 50 MA? > There are a few others to think about as well (that is where I spent > a lot of time)- does it make any difference? > > Anyway, assuming I have understood you correctly, that is the > starting point. > > Thanks for sharing your example trades. > I can't resist having a look when other traders are generously share > their experiences. > > BTW - what's the difference between Forex and Stock patterns? > They all look the same regardless, don't they? > Underlying qualities like standard deviation etc will vary though. > > brian_z >
Sorry, that should be ROC(MA(Field,Periods),1) > 0; brian_z
