Yes! That’s the short answer. They are basically either momentum or trend variations. There is a great deal of pseudo science and complicated algorithms that go into justifying a particular method as a rule of thumb. The more complicated and harder to understand a method is the less likely is the probability that it will work.
I can use up a lot of writing space with complicated arithmetic and what seems to be undoubting equations. As said earlier it will not work. By the time you figure out that it doesn’t work I will have several other variations to further confuse you.
Does this mean that all those systems are useless? Of course not! Consider them as tools to be used. In skillful hands they can be very useful and profitable. Once again the onus shifts to the trader and not the method. A disciplined and skilled trader is able to use any method or system to his advantage. That’s what we were talking about before using systems that you are comfortable with and understand to gain an advantage.
Ivan Cavric
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