Australian (ASX) Stock Market Forum

Momentum burst is a phenomenon in the markets

No problem, i assumed the idea of the thread was to promote original trading strategies, not plaigarize someone else's strategy and try and sell it as your own.
Don’t assume and …..There is no selling here. I never mentioned anywhere that I created this. Did I?
 
I tested Pradeep's setup on ASX symbols called: Stockbee Trend Intensity Breakout
Source: https://stockbee.blogspot.com/2011/01/learn-language-of-setups.html and also detailed in the book The StockTwits Edge

Buy rules (reverse for sell):
(1) 4% higher on the day
(2) volume is greater than 6 MA average by 2 times
(3) dollar volume > $300k
(4) -1.05+ on trend intensity

Results below for long setup and short setup. Short setup has stayed pretty much flat whereas long setup has really deteriorated recently (as expected).

LONG SETUP
Backtest1.jpg
SHORT SETUP
Backtest2.jpg
 
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