What do the experts on Price Action trading say about this strategy ? See video therefore, the strategy is explained here. Is it that easy just to follow this strategy, really ?
The title itself says everything (most likely). ,,80% Win Rate" Not only does it sound like a casino, but stratagies with 90% of the ,,win ratio" & more, blows out fresh accounts. We actually had such thread recently. To summarize that post it went like this : ,,It was going all fine, but then, i lost all of the profits and even more"
Looks like a derivative of @incomesharks supertrend. It's easy to follow a strat, whether the logic is sound and makes money consistently is another matter.
So you two, Sprout and Norbert, say for sure it is only backward looking and has no meaning on forward looking ? So you know that this strategy cannot work ?
If you had a look on the video list of this channel, there are many other Price Action strategies with only 40% to 60% win rate. So these are all nonsense you say ? Or was it particular this one with its high win rate ? So only the win rate matters for you for deciding it cannot work or what else ? Are you Price Action trader/expert ? Because most of his setups to have a 2:1 RRR so any win rate above 40% should be profitable. So do you say it cannot work all, and why ?
What is your experience about this supertrend indi ? Do you say it is nonsense or it can work ? Do you say the backtest in the video is optimized and backward looking with no meaning to any out-of-sample tests ? And why then you say it cannot work ? I am not a pure Price Action trader so I cannot say if it is scam or has some value. Have a look on them, all cannot or do not work ? So (that) Price Action does not work ?
This has nothing to do with prices. It's all indicator based and therefore useless. To confirm that it is in fact useless: it's for sale.
I thought it is not for sale because it is included in any TradingView subscription as enclosed library of (Price Action) indicators or ?
But you get a lot of realtime data included, so it is more a data with little bit software subscription for that very low price or do you see it different ? I do not see there is any selling of those indis or whatsoever analysis, because then 1000s of them for one low subscription price with lots of data does not make the point here, or what do you think ?