The Heat Alert

the_heat_logoThe Heat Alert is an alert developed and optimized by Profit Mission Control.  The alert was created and back-tested using Trade Ideas software. The alert identifies stocks with extreme intraday momentum satisfying a set of 12 proprietary technical indicators and breaking above a prior resistance. Entry at the trigger price should work, however, if a pull back occurs near the alert trigger price, entry at a pull back $0.3-$1.00 below alert trigger price should maximize the profits.  The Heat Alert statistically is not as accurate as the Moon Shot Alert for example, so extra risk management is required.

Alert Summary
Long/Short Long
Profit Target $0.75-$1.25 profit target above alert trigger price
Stop Loss $1.00 Stop Loss
Exit Strategy 1) At profit target 2) At market open the following day (if below profit target) 3) At Stop Loss You may hold on to the stock as long as it is making profit.  A trailing stop order is an effective way to manage profit.
Profit Factor 1.98
Accuracy 78%
Strategy Direction (Long or Short)
Long
Alert Entry Conditions

Entry at the trigger price should work, however, if a pull back occurs near the alert trigger price, entry at a pull back $0.3-$1.00 below alert trigger price should maximize the profits.

Alert stop loss
$1.00
Alert profit target
$1.00
Alert Hold Time
At profit target At market open the following day (if below profit target) At Stop Loss
Alert Profit Factor
1.98
Alert Accuracy
78.00%
Backtesting Days
60Days
Date Backtested