I do not expect anything from anyone. All I said that I personally could not find profitable strategy using main stream indicators. I tried various time fractals along with range bars. I never said no one can make it work. I just stated that my research was not succesful. Another failed attemp was 123 price action pattern. All of the above was done on S&P for the most part. I found edge in other aspects of price action. As far as risk, the main aspect of it is R. I risk 1 R per trade, that is it. Look up its definition if interested.
my edge is my experience in market movements. i do not rely on ma totally and blindly-many times i go against them. all indicators are tools: like a tape measure is used to measure something but the experienced do not need it; they can just use their eye and get the idea. but there is one thing i rely upon is the oldest 'rule' which is what goes up / down will continue in that direction after a rest.....the rest, in fact, confirms the trend.
may be not your cup....but that is personal. i could never understand how you can have rules for markets but if the market follows your rules, then it would be silly not to follow them . i like subjectivity because that is exactly where my edge is......
a momentum indicator measures momentum......if you cannot find a profitable strategy using a momentum indicator,does that mean that you cannot find a profitable strategy using momentum? Why is it that a indicator works sometimes but not others....because the indicators compares present with a fixed past period....where as the eye can compare present with the past any period .....this is a huge advantage. i rely upon my eye to judge various thing like momentum rate of change etc. it is far more accurate
patterns occurs at various times but what makes the pattern significant is the context....meaning the recent past.
YOU HIT THE BULLS EYE STRUCTURE IS CONTEXT that is what i rely upon mainly.... can you automate context?
good point sometimes there is a perfect set up.....but 25 years of experience [failing] will tell you that is exactly what is wrong with that setup:it is too good to be true. however difficult is may be for a novice to understand that the market does,sometimes, lay traps , i know it does because i have caught not once twice but probably a 100 times!
i did say the only indicator i used was ma but that means i do not use any other indicator. it does not mean i use only ma to take my trading decisions but that does not mean i am blind to other internals of the market like momentum etc