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I have not done any testing with the formula. I have a small database of
stocks that are high Relative Strength with strong fundementals. The
exploration I posted finds stocks to use a William O'Neil/Investor's
Business Daily type strategy. William O'Neil's book "How to Make Money in
Stocks" and Nicholas Darvas' book "How I made $2,000,000 in the stock
market" describe this strategy pretty well. A breakout strategy works
better in trending markets. I have been getting stopped out of a lot of
things lately. A momentum oscillator type strategy works better in this
type of ranging market.
Dan
>From: "DAVID H. LINTON" <dhlinton@xxxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: Re: Breakout Exploration
>Date: Thu, 25 Apr 2002 07:58:01 -0400
>
>Hello Dan
>I put your formula in an exploration using all TSE stocks (updated to April
>19th) and got one buy signal, DNA.
>I see that DNA also got a buy signal the day before on the Consolidation
>Breakout exploration.
>Have you done system testing with your formula? What do you use for the
>long
>exit?
>David
>----- Original Message -----
>From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: April 24, 2002 1:00 AM
>Subject: Breakout Exploration
>
>
> > Breakout Code for the "filter" column of an exploration is shown below.
>It
> > finds stocks breaking out of a minimum base of 4 weeks and a maximum of
>12
> > weeks on 150 percent of the 50 day average volume. The code is
>inflexible
> > but it works.
> >
> > CLOSE>Ref(HHV(CLOSE,20),-1)
> > AND
> > Ref(HighestBars(CLOSE)>20,-1)
> > AND
> > Ref(HighestBars(CLOSE)<60,-1)
> > AND
> > VOLUME>1.5*Mov(VOLUME,50,S
> >
> > Dan
> >
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