My method is to scan for equities (trade long only) that are over sold saucer formations plus have broken above the last 9 month high.
Once I have these formations hand-picked I want to set them up with a code that will let them rip with the trend or momentum - but that will also protect profits... and then repeat.......until I remove said stock from my portfolio.
The system can be somewhat liberal bc a lot of the filtering is done via scanning for the saucer formations that have broken above its 9 month high.
Any thoughts much appreciated.
I wish there was an easy way to convert my EL over...
The EL code I use is mostly:
If AverageFC(C, 3) > AverageFC(C, 9) and jtHMA(C, 9) > jtHMA(C,9)[1] then buy 1000 shares next bar market;
If {the revers} then sell next bar market;
Much apprecation for your thoughs.
Slope
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