Can Elliott Wave Theory just a marketing tool of Elliott?

advice regarding the legalities of the CTA track, not advice for trading.

yea, what doesn't make sense is I have to go through the T4 API and re-configure code to re-port my data and event handling. are you going to compensate me for that time too?

 

Elliott wave theory is so subjective that impossible to writes programming codes and back-test it.

 

Quants need not apply - LOL!

 

Sure EW works well. However, do not use price & volume as the only input. Consider
sentiment - moon cycle
news
planetary alignments
earth magnetic fields

as filter.

Then out of 100 EW you eliminate 90 and remainder works like a charm

 

You subjectively "think"/"consider" it works, no prove.

 

sorry, should be more precise - wave direction and reversals can be predicted in general, regardless of EW theory. EW = suburban legend.

 

again, You subjectively "think"/"consider" it works, no prove.

 

cant prove, except forward test. impossible to backtest sentiment, planetary alignments, news, etc...

wet dream of quants to create backtested mechanical system based on past price/volume that works like a charm is dangerous fantasy.

temporary inefficiencies are gone and actually reverse once enough traders figures out.