Re[2]: my momentum system with 6 picks

["Sentinel Trading" <rjbiii@xxxxxxxxx>]

I coded a ShowMe for the conditions below if you use an entry that keeps you in
the direction of the Momentum it looks useful on stocks.
I'll do up the system and post it later.

Thanks for posting that little idea.

Var:TwDyCl(False),UpCl(False),LoUp(False),LoDn(false);

TwDyCl = Close > Close[20];
UpCl = Close > High[1];
LoUp = Low > Close[1];
LoDn = Low[1] < Low[2];

If LoDn and TwDyCL and UpCL and LoUp Then Begin 
 Plot1(High,"MoBuy");

 If CheckAlert then Alert = True;
end;




The first dawn of smartness is to stop trying things you don't
  know anything about----especially if they run to anything 
over a dollar.


Sentinel Trading
rjbiii@xxxxxxxxx


____________________Reply Separator____________________
Subject: Re: my momentum system with 6 picks
Author: owner-realtraders@xxxxxxxxxxxx
Date:  7/9/99 11:43 AM

If buying momentum is your shtick, here's a little dance a now deceased
systems designer of some repute claimed to use successfully.  Granted, it
was choreographed for commodity price action, but maybe it's worth a
shot.  Surely, it's simple enough to code.

If all of the following conditions are met, buy on today's close:

1)  Today's close must be greater than the close 20 market days ago.

2)  Today's close must be greater than yesterday's high.

3)  Today's low must be higher than yesterday's close.

4.  Yesterday's low must be lower than the previous day's low.