Most well known and successful systems use momentum. The most famous IBD CANSLIM system is an excellent example of using price and earning momentum to trade.
There are many variations of the momentum system , Darvas was also using momentum plus fundamentals.
At a very simple level if you just concentrate on the top 1 or 2% of the momentum stocks by yearly growth rate , you will find the double baggers and triple baggers in them.
Look at ERS, PWEI, TIE, DXPE, NTRI, BTUI, HOM, IIIN, BDCO, ANAD, ENG, GRZ, EVST, MYOG, HANS, ZOLT, RACK and some 170 stocks like these and you will likely get next momentum stock from them. Or you can look at the top 100 stocks list on this blog.
Also if you study regularly the stocks which show 50% plus move in a month, you will get an insight in to at what momentum level do these kind of move happen, what events trigger such moves, what are the other characteristics of such movers. If you study them over a sufficiently long period of time you will get many useful ideas to build a momentum trading system.
All momentum systems are basically same with slight variation in entry techniques, some enter on breakouts, some on weakness or retracements and some put buy stops at higher price .
The problem is do you have the risk profile to trade such stocks as they have high volatility, plus buying something which is up 100% or 200% already requires some nerves.
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