In February 2012, the author embarked to programme a scanner code which could possibly detect
future uptrend if all the conditions are met.
The author posted numerous charts examples with fantastic upmoved and proved profitable.
If you miss the post, refer to: http://volume-price-spread-for-metastock.blogspot.sg/2012/02/new-bullish-scanner-codes-in.html.
Inorder to show the capabilities of the scanner, the author ran the scanner and picked up many
stocks that met the tedious conditions. SIA Engineering closed $3.77 on 24th Feb was picked up
by the scanner and the author did a thorough analysis and decided to post it online as a proof
to show that the scanner was doing a good job.
Nearly 11 months since, I updated the chart for SIA Engineering today to share the outcome.
The scanner is really doing well. Since it was picked and analyzed, SIA Engineering has not
triggered the "!Take Profits" propietary indicator for the author to exit trade when trigger.
Though it is difficult for the scanner to pick up stocks frequently but when stocks show up
on the scanner, it proves to be worthwhile to have 2nd look and perform thorough analysis.
The author is a pure chartist who does not follow news events and other means. All trading
decisions are made from the chart analysis.
Happy Profitable Trading 2013!
