I am trying to create either a scan or exploration (not sure which works better) for the following criteria:
Calculate the lowest close for a stock in last 260 days. If a stock has less than 260 days data calculate lowest close for those many days. Calculate percent change from lowest close and select stocks which had 100% plus growth Find the highest price in the 100% move and only take stocks which are within 25% of that highest price. So this is your trading universe of stock which have made significant move of 100% or more and are as of today within 25% of the high during the move Use a significant one day move scan on these stocks. e.g. say a 5% move ( 100 * (C - C1) / C1) >= 5 AND V >= 1000 AND V > V1) Buy next day with 1% risk and stop below the low of previous two days bar Trail with a stop If you get stopped buy again on next breakout Any help would be appreciated.
