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Check your hit and run code, you may be missing some signals because of the ADX
> 30 statement in 1234 set ups try using >= or <= , and are you missing one type
of signal. I changed the 1234 set up a little after I posted my code originally.
If your using the code I posted these are the revisions, in the system, and
ShowMe's.
{**********1-2-3-4'sLong*********}
If ADX(14) >= 30 and DMIPlus(14) > DMIMinus(14) then begin
If Low < Low[1] and Low[1] <= Low[2] and Low[2] <= Low[3] or Low[2] >= Low[3]
Then buy ("1234Long") High + .125 stop;
ExitLong ("Stop1234") from entry ("1234Long") At$ Low[1] - .0625 stop;
{*****************************1-2-3-4's Short***************************}
If ADX(14) >= 30 and DMIMinus(14) > DMIPlus(14) then begin
If High > High[1] and High[1] >= High[2] and High[2] >= High[3] or High[2] <=
High[3] then Sell ("1234Short") low - .125 stop;
ExitShort ("Stop1234Short") from entry ("1234Short") At$ High[1] + .0625
stop;
These are the ShowMe's
{*************************************1-2-3-4's Long***************************}
If ADX(14) >= 30 and DMIPlus(14) > DMIMinus(14) and Low < Low[1] and Low[1]
<= Low[2] and Low[2] <= Low[3] or Low[2] >= Low[3] then
begin
plot1 (Low,"1234Long");
If checkalert then alert = true;
end;
{*****************************1-2-3-4's Short***************************}
If ADX(14) >= 30 and DMIMinus(14) > DMIPlus(14) and High > High[1] and High[1]
>= High[2]
and High[2] >= High[3] or High[2] <= High[3] then begin
plot1 (High,"1234Short");
If checkalert then alert = true;
end;
"The darkest hour in any man's life is when he sits down to plan
how to get money without earning it"
Sentinel Trading
rjbiii@xxxxxxxxx
____________________Reply Separator____________________
Subject: Re: Chartscanner help.
Author: Perthuis@xxxxxxx
Date: 10/28/98 7:48 PM
In a message dated 10/26/98 2:16:45 PM Central Standard Time,
budfox2@xxxxxxxxxxxxx writes:
<< I'm currently running Chartscanner in SC 4.0 to scan for the Hit and Run
setups everynight, but somehow it seems to miss some of the signals.
I've enabled the alerts in the indicators, but it still doesn't catch
everything. What's wrong? Does anyone have any suggestions? Any help
would be greatly appreciated. Thanks. >>
How many stocks are you scanning? I scan through about 1500 every night for
Hit and Run setups as well and sometimes I miss some too. However, I don't
worry about it too much because I usually get enough to make a living. I
realize I have missed some when I happen to check a stock I like and there is
not a signal given yet it meets the criteria.
This is one of the reasons I do not use TS for live trading, just to give me
the setup. I think the missed setups is probably another of those problems
with TS.
BTW, which setups do you find the most profitable? I would like to hear your
feedback. Have you used these long and have you used the setups from the
second book?
Pert
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