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Bull Spike Scan back test

Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 3:12 pm

The scan is to find bull spikes which could mean a start of a series of push up.

So the idea is to long with half of the intended capital as soon as the spike was detected, stop loss is below the spike start point, target 1x of the stop loss size (to be revised based on the back test I'm doing in the followed back test). The other half is to buy H1 or H2 or whatever Hx should a pullback happened right after the spike. The stop loss and the target are to be determined based on the back test I'm doing in the followed back test.

The arrow pointed to the bar when the scan found the stock.

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 3:47 pm

LL found on Apr 3, 2017.

Entry 22.46, stop loss 18.35, 1x target 26.57, 2x target 30.68, 3x target 34.79.
Attachments
LL04032017.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 3:57 pm

TVPT found on Apr 10, 2017.

Entry 11.98, stop loss 11.18, 1x target 12.78, 2x target 13.58, 3x target 14.38.
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TVPT04102017.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:02 pm

PTX found on Aug 2, 2016.
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PTX08022016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:07 pm

PSX found on Aug 3, 2016.

Entry 74.95, stop loss 70.30, 1x target 79.60, 2x target 81.93, 3x target 88.90.
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PSX08032016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:11 pm

WB found on Aug 9, 2016

Entry 41.81, stop loss 32.38, 1x target 51.24, 2x target 60.67, 3x target 70.10.
Attachments
WB08092016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:35 pm

AHT, JCP, KTOS, NQ, YY found on Aug 15, 2016.

KTOS entry 6.78, stop loss arguable at 4.3, 1x target 9.26, 2x target 11.74, 3x target 14.22

YY entry 59.92, stop loss 38.29, 1x target 63.55, 2x target 76.18, 3x target 88.81

Why chose Aug 15, check what happened on the broad market:

SPY08152016.png



AHT08152016.png

JCP08152016.png

KTOS08152016.png

NQ08152016.png

YY08152016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:42 pm

HLIT, SQM found on Sep 2, 2016

HLIT, entry 5.10, stop loss 4.28, 1x target 5.92, 2x target 6.74, 3x target 7.56
Attachments
HLIT09022016.png
SQM09022016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 4:56 pm

FWONA found on Sep 13, 2016.

Entry 27.83, stop 20.88, 1x target 34.78, 2x target 41.73, 3x target 48.68

FOWNA09132016.png


WYNN found on Sep 12, 2016 might not count because the spike didn't make a new high still in a range.

WYNN09122016.png

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Re: Bull Spike Scan back test

Postby Cobra » Sat Jan 13, 2018 7:33 pm

Scan found FTK, MTDR, RL, WBA on Apr 6, 2015.


FTK, entry 18.68, stop loss 14.38, 1x target 18.98, 2x target 21.28, 3x target 23.58, loser if uses 2x target.

ftk.png


WBA, entry 83.69, stop loss 79.50, 1x target 87.88, 2x target 92.07, 3x target 96.26, loser if uses 2x target.

wba.png


rl.png

mtdr.png

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:09 pm

===============================================================================
NEW ENTRY RULE STARTS HERE as apparently long on spike close with stop loss below the spike start point was too much risk.


GFI found on Aug 20, 2015. Not qualified for a long.

gfi.png



===============================================================================
NEW ENTRY RULE STARTS HERE as apparently long on spike close with stop loss below the spike start point was too much risk.

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:15 pm

MO found on July 7, 2015.

mo.png

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:18 pm

FMCKJ found on July 10, 2015
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fmckj.png

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:33 pm

ABEO, CBD, SYN, TMO, UAA found on July 13, 2015. Only TMO was qualified for a long setup.

CBD reminds me that above EMA20 should be added into the scan condition because even it's a trading reversal setup the initial rebound better break above the ema20 otherwise chances are it's just a rebound not a reversal.

TMO long on H2 at 135.19, stop loss 133.69, 1x target 136.69, 2x target 138.19, 3x target 139.69. The July 22 high was at 139.87.
Attachments
uaa.png
tmo.png
syn.png
cbd.png
abeo.png

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:46 pm

GOOGL, TTWO found on July 17, both qualified for a long but but neither made money.
Attachments
ttwo.png
googl.png

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Re: Bull Spike Scan back test

Postby Cobra » Sun Jan 14, 2018 10:49 pm

By the way, the broad market on July 17, 2015 was here. This is why I chose July 2015.
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spy.png

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Re: Bull Spike Scan back test

Postby Cobra » Tue Jan 16, 2018 6:25 pm

Let's see whether HIBB would make money in the coming days. It's bull spike and the long should be triggered today in theory... I'm not sure because it's a black bar today which sometimes is a sign of reversal.

assume entry 25.50 (open price today assume buy stop was placed last Friday and didn't do anything today so filled right at open, stop at 24.05, so 1x target 26.95, 2x target 28.40, 3x target 29.85.
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hibb.png

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Re: Bull Spike Scan back test

Postby Cobra » Wed Jan 17, 2018 5:37 pm

HPE/HPQ bull spike long should be triggered today in theory.

HPE entry 15.92, stop loss 15.70, 1x target 16.14, 2x target 16.36, 3x target 16.58
HPQ entry 23.13, stop loss 22.64, 1x target 23.62, 2x target 24.11, 3x target 24.60
Attachments
hpq.png
hpe.png

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Re: Bull Spike Scan back test

Postby Cobra » Wed Jan 24, 2018 2:58 pm

ATEN found on Aug 3, 2015. I think it's not qualified for a buy because the pullback after the spike was too large. Ideally I want to see narrow range red bar so that I know bears are weak.
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1.png

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Re: Bull Spike Scan back test

Postby Cobra » Wed Jan 24, 2018 3:01 pm

Cobra wrote:HPE/HPQ bull spike long should be triggered today in theory.

HPE entry 15.92, stop loss 15.70, 1x target 16.14, 2x target 16.36, 3x target 16.58
HPQ entry 23.13, stop loss 22.64, 1x target 23.62, 2x target 24.11, 3x target 24.60


HPE 3x target met today.
Attachments
2.png

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