Using The "Milk The Cow" Strategy

tradermike66 · Postby **tradermike66** » Sat Dec 16, 2006 4:17 pm

Hi TRO and other members,

I have been looking at this strategy and it seems to perform well when backtested using Tradestation. I have found that it looks good on goog, shld, aapl, and some futures like CL I think I found it could has almost a 100% win rate over a 100 day period on CL. I was wondering what "cows" other people are having success "milking". Also, I was thinking about using this as an automated strategy because it seems like I might not be quick enough to execute it by hand. Has anyone tried using this as an automated strategy in TS and what were the positives and negatives of doing this? I was also wondering at what point you close out the position if it does not hit the profit target. I was thinking that it world probably make sense to close out if it didn't work in the first 10 minutes. What are other people's thoughts?

Thanks,
Mike

TheRumpledOne · Postby **TheRumpledOne** » Sat Dec 16, 2006 5:00 pm

Mike:

I wrote the MTC CHECKER indicator to indicate if a stock is a "cow" or not - or how good of a "cow" it is!

Usually, you should be able to "milk" within the first 30 - 60 minutes of the open.

Yes, you can automate this but be careful.

NTRI, SNDK and WYNN are great cows... MOO!!

nicknextmove · Postby **nicknextmove** » Sun Dec 17, 2006 3:37 am

Mike,

What is the name of the strategy - since there are many versions of 'milk the cow'.

Also what timeframe do you use? I tried a few (15 min, 60 min) on AAPL and did not notice many trades.

Thanks.

TheRumpledOne · Postby **TheRumpledOne** » Sun Dec 17, 2006 2:15 pm

Nick:

The Milk The Cow strategy is NOT time frame dependent. It is price driven. The idea is to take a quick profit right at the market open.

Use a 1 minute chart with intrabar order generation if you are going to run automated.

nicknextmove · Postby **nicknextmove** » Sun Dec 17, 2006 4:19 pm

Thanks TRO.

tradermike66 · Postby **tradermike66** » Mon Dec 18, 2006 3:27 pm

MOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!

QCOM looks like it can be a consistent mooer in the $0.05 range.

Thanks TRO!

nicknextmove · Postby **nicknextmove** » Mon Dec 18, 2006 11:59 pm

Mind posting some screen snapshots of the QCOM mooooooing so that we could appreciate as well :lol:

?

eagles · Postby **eagles** » Tue Dec 19, 2006 9:09 pm

MTC Checker? I can't seem to find that one. Is it in a motherlode? Does someone know which one?

Thanks.

tradermike66 · Postby **tradermike66** » Thu Dec 21, 2006 3:42 pm

Hi,

NickNextMove. I have not scalped QCOM yet myself, however I used TRO's MTC checker and it showed that it was almost a 100% play over the past 100 days. I wish Tradestation was not so expensive for trading large blocks of shares or I would definitely try this one.

Mike

rrobin · Postby **rrobin** » Thu Dec 21, 2006 8:46 pm

eagles

search TS for milk the cow

rr

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