I'm just trying to gather some data on a fairly simple strategy, and I'd like to know if anyone can run a test on this for me and show me the results. I need EQUITIES data only, no futures or forex. 5 min charts for as many stocks as possible going as far back as possible. I'll get into more details with whoever is interested, but basically I just need to backtest price action after the first 5 min bar of a trading day where a stock gaps up or down significantly on above average volume. Please let me know if you can do this, I am willing to pay someone on paypal. Thanks in advance!
If anyone wants to do this for me, please let me know. I would be willing to pay you ahead of time. I used to have an account at tradestation so I'm familiar with the layout, although I'm not sure the data can be exported or not Anyway, here is the criteria: First of all, the stock should have gapped at least 1%, it should be at least $15, and trading an average of at least 1,000,000 shares daily. The range of the opening 5 min bar of the day (from 8:30-8:35 CST) should be larger than the average 5min bar's range for that stock and that bar must close near (top or bottom 20% of the bar's range) its high (if gapping up) or near its low (if gapping down). Also, the volume of that 5 min period must be above the normal volume for a 5 min period. The criteria for entry is obviously the most difficult portion of this. Here is the only thing I need tested: use the range of that opening bar to set the distance for your target and stop loss. It's just 1:1, so if the bar's range is 50 cents and it gapped up, the target is 50 cents above its close and the stop is 50 cents below its open. That's it.