Mark there are 300 + posts on TechTrader here and a great grounding for the method.
Im happy to use the Method as a live case example as its been released for public scrutiny for 2.5yrs.I do have another method I trade which will remain proprietry.For those with Metastock here is the code.
Cross(H,Ref(HHV(H,10),-1)) AND H > Mov(C,40,E) AND HHVBars(H,70)=0 AND C < 10.00 AND C > O AND Fml("Liquidity") > 500000;
[In English,Todays high is greater than the highest high of the last 10 periods,AND the High is greater than the moving average of the close over the last 40 periods,AND todays Bar is the Highest High value of the last 70 periods,AND C is Less than $10,AND Close is Greater than the open,AND the average trading turnover for the last 21 periods is $500000]
The liquidity formula which should be placed in the INDICATOR BUILDER is
Mov(V * C,21,S) [call it Liquidity]
The system has a INITIAL SET STOP of
This is code for TRADESIM and should not be entered in Metastock.
However in English.[If the last close falls below 90% of the entry price then exit]
[English. If close Crosses the 180 day moving average of the low on the previous bar then sell this bar.]
ALL BUY,STOP and EXIT signals are traded NEXT DAY on OPEN