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I enjoyed this piece a lot. I think another moral is that most
systems work under certain conditions or market environments. Some
systems/indicators work fine in trending markets an subsequently
blow in choppy / swinging markets. Any system that does it all can
probably be broken down into cases and individual systems.
Then there are the systems that work great 9 out of 10 times but
when they fail that 10th time, the loser trade is a whopper. So you
have to look at total performance, drawdown, number of winning /
losing trades yadda yadda...
- Hacker
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