Use these breakout scans if you want to make money | stockbee

8/09/2018

Use these breakout scans if you want to make money

The breakout scans I use to make money. I run them from market open onwards.

4% bullish Breakout

c/c1>=1.04 and v>v1 and v>=100000


$ bullish breakout

c-o>=.90 and v>100000


Bullish Low threshold b/o

minv3.1>=100000 and c>=3 and avgc7/avgc65>=1.05
and c>o and c>c1 and c/c1>c1/c2 and c1/c2<1.02


4% bearish Breakout

c/c1<=.96 and v>v1 and v>=100000  


$ bearish breakout

o-c>=.90  and v>=100000 and minv3.1>=100000



Bearish Low threshold b/o

c1/c2>=.98 and c/c1<c1/c2 and c<c1  AND C<O and minv3.1>=300000 and c>19 and avgc7/avgc65<.95



Breakouts is one of the type of setup I use. Anticipation and first 30 minutes explosion are other setups I use.

Together these scans work for me and in first six month of 2018 made me 56% returns. There is nothing special about these scans , it is the execution and day to day process of using them that requires persistence. 

2 comments:

Ron said...

Hi Pradeep
How would these scans be coded using thinkorswim or finviz?

Mac said...

Hi Pradeep,

could you please convert into plain english the codes of: c - c1 - c2, v - v1, minv3.1, avgc7 and avgc65 for us trying to replicate your scans in other environments? I believe the first five are quite intuitive, but wrong anticipation is worse than a bad question.:)

Many thanks,
Martin