FREE DAY TRADING SYSTEMS RESEARCH

Channel Breakout : (Trading System 2)

We look for stock that break an old channel.
We buy when the stock go quickly above resistance, we do not wait for a confirmation. We go long as soon
as the stock break its channel.
This alert is provided by trade-ideas.
More info for this alert.

Example of trade :

We have now a testing period from 14/10/2005 to 23/12/2005

Filters :
- Stock Price >1$
- Stock with a little spread
- Average $ Daily Volume > 10 000 000$
- Volatile Stock : Volatility > 0.4%

NB : Next week, i will add an optimized version of this trading system that will improve greatly the results.
You can see the new performance at the top of the homepage (RU Alert)
Additional filters will be added like Relvol, Price, Dayrange.

Here is the performance over the tested period

Trades of date 22/12/2005

Trades of date 21/12/2005

Trades of date 20/12/2005

Trades of date 19/12/2005

Click to see performance :

Last update of this trading system :
Channel breakout - Week 12
Channel breakout - Week 11
Channel breakout - Week 10
Channel breakout - Week 9
Channel breakout - Week 8
Channel breakout - Week 7
Channel breakout - Week 6
Channel breakout - Week 5
Channel breakout - Week 4
Channel breakout - Week 3
Channel breakout - Week 2