algo's are based on TA, of course it works. the classic stock TA,s stochs & MA's etc...of course they don't work anymore...
Every game requires the inept and fools. Markets are a game of information, the acquisition, processing, interpretation of information. Information is always asymmetrical. Processing is encumbered by the lens, personal bias of the perceiver. Interpretive modeling is a further biased rabbit hole .Some observations/ experiences are lessons in what to do, some are lessons in what not to do. Spend your time improving your own abilities, the world will never have a dearth of the inept and fools. In the words of Ron White, "you can't fix stupid".
There is no perfect method. If there were one, a trader would borrow every penny from his/her relatives, friends, bankers, etc. and go all in every trade with maximum leverage. So far, I do not know anyone who dares to do that. http://www.elitetrader.com/et/index...-is-not-predicting.294134/page-2#post-4175156 Just my two cents.
Who cares...it's just one guy's opinion -- why do some people seem to get so worked up, or get into arguments on these forums. ...I could care less if you use voodoo to make trading/investing decisions. or if you claim you hear voices in your head that tell you what to do -- all I care is about bottom line performance (i wish there was some way to link/verify your personal trading acct performance on this site. to link it with your ET acct)