I read this in some website about Tony Crabel's breakout trading strategy: I have prepared an excel (link for the excel: http://www.4shared.com/folder/vPBzc9nm/_online.html) based on my understanding and did backtesting for some stocks (only for the months may and june as I don't have intraday info prior to this period) and it seems to work. I want to know if anybody is using this technique as I have some queries. Would u be kind enough to go through the excel and see if my method is right? My queries are: 1. Should the absolute value of the average be taken or can it also be negative? 2. What should be stop loss and targets?