Telechart scans for Invest By Knowing What Stocks to Buy and What Stocks to Sell

Some of you have emailed me asking how his "Bargain List" can be done in Telechart. So here is a scan for it in TC.


Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell

Offers a comprehensive relative strength based trading method with entry, exit and risk management rules. It details a method similar to Modified Double Trouble but adds valuation criteria of Price to sales to it to further narrow down the list. The method can be easily replicated in Telechart.

Kirkpatrick Bargain List In Telechart
In simple words Bargain List is a Relative Strength plus Price/Sales based trading system.
Kirkpatrick Relative Strength
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Create this scan in PCF
This is like MDT scan, only difference is number of days used.
Price to sales ratio is System criteria in Telechart. Look under "Price" below Price Percent Change Today
Capitalization is system criteria and is in millions. So 1=1 million
Easyscan for Kirrkpatrick Bargain List Entry Criteria
Kirkpatrick Relative Strength=>97 (list rank)
Price to Sales Ratio =>17 and =<42>
Capitalization=> 1 million (value)
Price>=10
Exit Rules for this system are
If Kirkpatrick Relative Strength rank =<52
Or
If Price to Sales Ratio Rank=<7
Or
If Price to Sales Ratio Rank =>67
I will have more details on this once I write detailed review of the book.