Do you regularly use a stock screener? Have you ever wished it would... 1) show you the historical percent of trades that would have been winners? 2) the historical average gain/loss per trade? 3) the historical risk-reward profile of the pattern? 4) historical performance or visualization information similar to 1, 2, and 3? And do you... 1) spend a lot of time manually screening historical charts to see if the hypothetical trades your screening criteria produces would make or lose money? 2) wish that you'd be able to tweak your screening criteria to find criteria that yields an attractive risk-reward and win rate? If this sounds like you... you're in luck! I'm looking for alpha testers to help prototype a new kind of stock screener. What will be expected of you... To participate in a brief phone/skype interview with me so I can get a better understanding of the dissatisfaction and frustrations with your current stock screening process. What you'll get out of the experience... I'll take some of your screening criteria, program it up for you, and provide you with a report that details the information listed above. For free. If you're interested in participating, please send an email to alphatesterswanted@gmail.com.
No it isn't a scam or a fad. I've had a few friends mention their dissatisfaction when it comes to stock screeners. They want to know whether or not a pattern "works" in the first place. How does it perform across many different historical opportunities/trades and they'd like to be able to modify their screening criteria to find better patterns/setups. They realize that there's back testing software out there, but they don't want to learn how to program and incur all of the sunk costs (buying data, buying testing software, learning to program, etc.). So they feel a little stuck and frustrated. I thought I'd alpha test something where I rounded up a few more traders that felt the same way and see if I could program and automate a solution. I can see how the original post could be perceived as being scammy ("you're in luck!"). It wasn't intended to be. Hopefully this additional background helps to clear things up a bit.