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Assuming all who read this are familiar with the Premarket scan.
Let's suppose I follow the strategy as closely as possible and let's suppose that their assertion that 6 out of 15 of the opportunities isolated prove to be the best stocks to have traded that day.
What about the problem of SLs being hit? I mean is it always likely to be the case that the 6 successful trades will always go on to be 'clean' gainers, so to speak, i.e. that won't regress into SL breaches before then going on to be winners.
Does anyone think it is worthwhile to backtest this strategy using EFS?
I would have thought that generally big gainers on the day would be 'clean' gainers but of course this is only me thinking aloud.
Let's suppose I follow the strategy as closely as possible and let's suppose that their assertion that 6 out of 15 of the opportunities isolated prove to be the best stocks to have traded that day.
What about the problem of SLs being hit? I mean is it always likely to be the case that the 6 successful trades will always go on to be 'clean' gainers, so to speak, i.e. that won't regress into SL breaches before then going on to be winners.
Does anyone think it is worthwhile to backtest this strategy using EFS?
I would have thought that generally big gainers on the day would be 'clean' gainers but of course this is only me thinking aloud.