We’ve got another set-up not found in our Proven Strategies or Samples section that comes to us from a strong advocate and subscriber of Trade-Ideas. Remember that these set-ups are sketches meant to give you an idea how to model your own trading plan. Use this ‘as is’ or modify it to your own liking as many others do.

The Strategy
“New Highs 40+” finds stocks that are trending up strongly during the day. Strongly is defined as a quality where Trade-Ideas only publishes the uptrend alert after its reported it 40 times to itself.

Who Could Benefit
Good for Momentum and Scalp Trading.

How It’s Modeled
The main feature is the use of the count column as a filter to find only the strongest stocks. In this case the strategy uses the ‘Min Count’ filter to confirm the move. Look at the configuration window and click on the icon symbols to see how it is set up in detail.

Footnotes:

• Original EliteTrader thread of DiamondTrim that mentions 40+ and Going here.
• Configure this strategy for your own use here.
• Link to other Strategy Sessions here.