This is a simple momentum strategy Looks like there are some stuffs out there, But the sample size is very little ... Still interesting. It often sells tops and bottoms but ... Overall it's profitable xD I think short term (2-3 days) the market is really mean reverting. If you think about Raschke Linda, she uses a ROC 3 on the daily (If I recall) The 2-period ROC is useful in highlighting a two to three day trading cycle as explained in the Taylor Trading Technique. Even as a short term day trader, I think it's edgy to keep track of these. You could catch nice reversal or avoid buying tops and bottoms.
The strategy at 601 is a simple Mean Reversion strategy. The strategy at 603 is a simple Momentum strategy. If I combine both ...There might be something ? Might read Finding Alphas A Quantitative Approach to Building Trading Strategies I've already browsed a little and there are useful insights. But currently I am reading Long-Term Secrets to Short-Term Trading I am only at the second chapter but looks like a nice book. Found this 2 Day ROC thread here.
This kind of result is possible specially for trader like him, but you need to take big risk and trade a small account like its play money. I once swing trade a small account and achieved 800% gain in 9 months, but lost like 40% in just 2 days and I closed the account.
You get what you pay for and Apex is garbage. It is set up to generate revenue for the company, not to incubate and promote traders.
I currently have an eval with TakeProfitTrader, more expensive but worth it for the payout structure. highly recommend them.