I received a lot of emails about how I scan for stocks. I am a trading system developer and created my own software to scan stocks based on various technical indicators. I also created a back testing system that allows me to test the patterns against historical data and see how they perform in the past. Usually, a pattern has to have a winning ratio of 5:1 in order for me to consider buying it.  Another software I use is MarketClub’s Trade Triangles scanner. MarketClub scans the market and generates buying signals based on their predefined trading system. Each stock is given a score from -100 (strong sell) to +100 (strong buy). Each day, I grab a list of stocks which has a score of +100 in their system and then check them manually on my own to see which ones I want to trade. My rules are very strict regarding the ones to buy that I often miss out on some of the best stocks suggested by the MarketClub’s software.

MarketClub is not free, but they offer a 30 day trial version which you can try for free. Click here to visit their site and try out the software  youself.

This entry was posted on Friday, July 31st, 2009 at 12:02 pm and is filed under MarketClub Trading System, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.