Small Cap Breakout Swing Trade Scanner (TC2000 / small & mid caps; long and short)
-4% Small Cap Breakdown – Short Scan
+4%/-4% Chart Indicator (Tells you when previous alerts have triggered so you can see what happened historically)
The small cap breakout strategy has been HUGELY popular with the Warrior Trading community, largely due to it’s massive success at finding huge winners. As Jeff worked to hone and back test this strategy, he realized a few patterns kept becoming apparent in the small caps that would breakout for seemingly no reason. So, after paper trading and tweaking the strategy for a few months, he finally went live with the alerts for Warrior Trading in May. In just two months, the scanner has produced over 150% total wins in just 15 trade alerts!
The idea behind the small cap breakout scanner is to alert stocks that are poised to breakout. The strategy is simple to learn and understand, and is taught in our swing trade course. The majority of trade alerts from this scanner are for liquid small cap stocks trading under $10.
Small Cap Swing Trade Setup Webinar – TC-2000 (Password: swingtrader1)
Please Note: You need an active TC-2000 subscription to utilize this scanner package.
For Think or Swim users:
(Credit to Jon Jaroska for translating this scan)
Create a study called WarriorLong and edit the script and put this in.
def ind = if(close is greater than close from 1 bars ago * 1.04 and close is greater than or equal to 1 and close is less than or equal to 40 and volume is greater than volume from 1 bars ago and volume is greater than 100000
) then 1 else 0;
plot data = ind;
Create a study called WarriorShort and edit the script and put this in.
def ind = if(close is less than close from 1 bars ago * .96 and close is greater than or equal to 20 and volume is greater than volume from 1 bars ago and volume is greater than 100000
) then -1 else 0;
plot data = ind;
Add the studies to you chart and presto magical.
You can also setup a scan to scan for the WarriorLong = 1 or WarriorShort = -1