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***** Disclaimer: This is NOT investment advice, just general help and
Dan Chapman's opinion, please check with a registered investment
advisor before making any trades or investment decisions. This
document may contain errors.
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Topics:
Starting a search
| • | SearchTool provides the investor with a way to screen stocks for double bottoms, tops,
oversold and many more patterns for potentially profitable trades. |
| • | To perform a successful search requires multiple search steps.
The following steps outline the search process:
1. To limit your search to quality stocks first select a price and volume range using the
"Price" and "Vol" pulldown menus.
To select more than one range select "Custom:" from the pulldown menu (see "Using Custom:" below for details).
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2. If you now click on "Search!" you should see a list of stocks for the price and
volume range you selected above.
The number of stocks found should be less than the 6300+ stocks found if you clicked on "Search!" with all
fields set to the default "ALL". |
3. Next select a few of the "Overall" and "Positioning" indicators
for general stock screening conditions. |
4. After each indicator selection perform a search and then view a few stocks (either click on the stock symbol or "MC" link from the results) to verify the general qualities your looking for (check the charts). |
| 5. Continue to add a few more indicators at a time (Timing, Upside Trade, etc...) and repeat
the searches until your satisfied with the type of stocks found. |
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Using "Custom:"
| • | Many indicator pulldowns have an option called "Custom:". This option is
used for selecting more than one indicator range. For example: To find stocks with prices from 5-25 dollars,
you would use the price pulldown "Custom:" and select both the 5-12 and 12-25 ranges. (A popup window will allow
you to select more than one range) |
| • | Once a custom is set you will see a "CM:..." . To make further changes you must
deselect and then reselect "CM:" to activate the popup window and make changes. |
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Saving your Searches
| • | Once a good search is created it is important to save this search for later use. |
| • | To save a search select one of the 25 open slots under the pulldown "Set User Preset
Search as" (located just above the "Search!" button) and enter a search name (up to 30 chars). |
| • | To recall a saved search select your preset from the pulldown "Recall User Preset"
located in the Overall section. |
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Start and end of a search
| • | When the "Search!" button is pressed the browser status line(bottom left of the browser window) will display "SEARCHING...PLEASE WAIT!".
The search is complete when the status bar displays "DONE LOADING PAGE...". |
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Creating an effective stock search
| Step 1: | The first step in creating an effective
stock search is making a base screen
which narrows your search to a particular
stock price, volume, target 1 profit and profit/loss ratio.
To start we have provided a base search
string below that provides a stock price range
of 5-70, good average volume, good profit
and profit/loss ratio.
#,2345,,345,00!0!!0!00000000000000,2345,0,456,00000002#
Click on the link named "Set Search" (located just above the Search! button) and copy and paste this string (including #'s)
into the popup window. Instructions on how to copy and past will be in the popup window.
Press "Search!" and this will return anywhere from
300 (if the market has rallied and many stocks
have poor short term profit or profit/loss ratio)
to 1800 stocks if the market has pulled back.
It will be sorted by largest average volume first.
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| Step 2: |
Next step is to narrow your search to particular
stock types. Select a particular
search parameter one at a time. For stocks that Outperform select a
rating range of 4,6,8 (on the pulldown "Overall Summary"). For stocks that uptrend
set the appropriate month trend and/or intermediate
trend, etc... Repeat these steps by adjusting one search parameter (pulldown)
at a time and looking at the stock's chart and indicators for
each setting. If you don't receive
any stocks then it could be that your have set too
narrow a type or because of current market conditions.
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For Breakout stock screens one should start with setting the base screen string listed
below and then adjust:
#,2345,,345,00!0!!0!0000000000000000,3456,2,2345,000002#
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