Scale-In On Price Drop

The strategy consists of buying additional shares of a stock at a lower price than the first entry price.

It is similar to the "Averaging Down" MM Script but it is specifically built to work with the Connors_Alvarez MDD/MDU strategy.

The script goes through your open positions and if any current price is lower (higher) than your initial entry price, it buys (shorts) more of that stock, as much as it originally bought (in $dollar terms).

It scales-in only once.
It may use leverage.

An example: You trade XLF and SPY with 10,000. Let's say you are long both, 5,000 on each. Tthe price drops. and the MM script buys more. It would buy anothe 5,000 XLF and 5,000 SPY. So now you are 10,000 long on XLF and 10,000 long on SPY. Total 20,000 or a 2x leverage on the initial account.

Technical Analysis

• Short Term Volume and Price Oscillator
• Double Bollinger Bands Trading System
• Treasury Yield Curve Spreads Indicator
• Buy signal watchlist And Buy signal on your Chart (Red Spot)
• Percent of Time Spent Above a Moving Average
• NORMINV - Inverse of the Normal Cumulative Distribution
• Investing in stocks using the Kelly criterion money management strategy
• Basic in-Sample/out-of-sample trading technique
• Camarilla Pivot Points - Supports and Resistances
• Stock Picking Trading Rules
• More trading objects...

Fundamental Analysis

• NSE Corporate Actions
• ISM Non-Manufacturing Index
• NYSE Arca - Daily short sale data
• Splits Calendar - Historical data for U.S. Stocks
• Initial Jobless Claims - Historical data
• Analyst downgrades & upgrades
• Business Outlook Survey
• Industry Index Name
• NSX - Daily short selling data
• Federal Reserve Flow of Funds - Balance Sheet Historical Data
• More trading objects...