You will never know what the optimal solution is unless you figure out how to backtest the strategy yourself.
stupid question get stupid ai answer... Great question! There are several reasons why someone might use a trading system that appears to be inferior: Cost: More affordable systems can be attractive, especially for those with limited capital. Simplicity: Simpler systems are easier to understand and implement, which can be beneficial for novice traders. Customization: Some traders prefer to customize their own systems, even if they are less sophisticated, to better fit their specific trading style and goals. Risk Management: A seemingly inferior system might have better risk management features that align with the trader's risk tolerance. Performance in Specific Conditions: Certain systems might perform better in specific market conditions or with particular assets, even if they seem inferior overall. Familiarity: Traders might stick with a familiar system they have used successfully in the past, even if there are more advanced options available.
I dont need to backtest it. I know there are shortfalls on that system that will exclude you from making certain trades. Thats why im trying to figure out why people would use that system and merely seeing if theres something im missing. I can be a brainlet at times.
The reason I said you need to backtest this is because I am in the process of doing just that. There is so much "do this" or "do that" from these traders/"educators". How do we know what they say is optimal? Anyhow...this is what I have been up to. https://github.com/drumCode27/breakout-trading