You are right your set up needs some work.
1- Your first pair of alerts track the new highs and lows of the day AND 80 percent minimum position in range of the strongest....your minimum postion in range is correct on that...it is 80 percent minimum, in the second alert of the pair you put in a running down and a running up alert AND a new one minute high and new one minute low... now you are tracking declining stocks and rising stocks within the 80 percent top range.....you will find that the rise and decline of the stocks will track many of the same stocks in the new high alert filter....as long as the minimum current filter is the same in both! I do not put the 80 percent minimim range in the first half....only in the second....the first half I am only interested in new highs....Does that make sense? I would start at 20 versus 30, just my preference...than look for trades at 40plus..... again you really do not need range in the first half...sorry about that I may have not explained that well
2-Your pair of alerts in the second pair track the weakest stocks of the day, first part being new lows of the day, and second half same running down and running up and new 1 min high and 1 min low of the day, remember keep the min current filter the same for the pair otherwise you get a bunch of differant stocks showing up in the pair....your filter for tracking weakest stocks is MAX POSITION in range 20 percent this gives you bottom 20 percent stocks in a range.
Note.....the range for the first 5 minutes of opening will be wild on both 1 and 2....because a given stock can move so fast at the open....really you do not need to pay any attention to the second half of the pair until it tracks at 40 plus....it will just get you confused.
You in reality have 4 scans going 2 for the strongest and two for the weakest....and they track how they move.
Depending on your style you have the opportunity to long or short either side.....since you will have a good idea what the stock looks like within a range, AND how they are acting once tracking the 40 plus or 40 minus AND how the s/p 500 index is moving....up down or range bound.
Like dt I use 40 plus....but heck you can use 30 plus...and start looking at it at 20....it is more a personal preference.
It is really pretty simple once you get the scans right.
I will be honest with you if you are going to do low volume stocks...I would raise your current volume....but that is just my preference.
Hope this clears things up.
1- Your first pair of alerts track the new highs and lows of the day AND 80 percent minimum position in range of the strongest....your minimum postion in range is correct on that...it is 80 percent minimum, in the second alert of the pair you put in a running down and a running up alert AND a new one minute high and new one minute low... now you are tracking declining stocks and rising stocks within the 80 percent top range.....you will find that the rise and decline of the stocks will track many of the same stocks in the new high alert filter....as long as the minimum current filter is the same in both! I do not put the 80 percent minimim range in the first half....only in the second....the first half I am only interested in new highs....Does that make sense? I would start at 20 versus 30, just my preference...than look for trades at 40plus..... again you really do not need range in the first half...sorry about that I may have not explained that well
2-Your pair of alerts in the second pair track the weakest stocks of the day, first part being new lows of the day, and second half same running down and running up and new 1 min high and 1 min low of the day, remember keep the min current filter the same for the pair otherwise you get a bunch of differant stocks showing up in the pair....your filter for tracking weakest stocks is MAX POSITION in range 20 percent this gives you bottom 20 percent stocks in a range.
Note.....the range for the first 5 minutes of opening will be wild on both 1 and 2....because a given stock can move so fast at the open....really you do not need to pay any attention to the second half of the pair until it tracks at 40 plus....it will just get you confused.
You in reality have 4 scans going 2 for the strongest and two for the weakest....and they track how they move.
Depending on your style you have the opportunity to long or short either side.....since you will have a good idea what the stock looks like within a range, AND how they are acting once tracking the 40 plus or 40 minus AND how the s/p 500 index is moving....up down or range bound.
Like dt I use 40 plus....but heck you can use 30 plus...and start looking at it at 20....it is more a personal preference.
It is really pretty simple once you get the scans right.
I will be honest with you if you are going to do low volume stocks...I would raise your current volume....but that is just my preference.
Hope this clears things up.
funny thing is, if i were around while my core stocks were running like they were, i woulda scaled out of them and made a lot less.
