I am feeling generous today, and decided I would give those in the community a freebie. Even though this isn't even my best screen, this strategy is hot right now and from 1/1/2010 through 4/22/2011 it backtested a coumpounded growth rate of 116.5%, 67% win and -12.6% drawdown on a 1 week hold. I built upon the zacks filtered rank screen and added parameters from the famous Benjaman Graham and Joel Greenblatt (Greenblatts Magic Formula). The additional parameters consist of valuation using EBIT/Enterprise Value and EBIT/Debt & Equity.



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regarding earlier comments on friction (trading costs and bid/ask spreads).  you should look into folioinvesting.com.  you can trade all you want for a flat fee of $29 per month.  they execute trades at the mid-point between the bid/ask.  so if it's quoting at $10.10 and $10.00, you'd execute at $10.05.


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