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This system is untradeable.
The fault is that the point and figure bars are treated as normal bars by the system. This means that the system lets an order be issued for the close of the current bar. However in point and figure charting, the next bar is only produced if the box count is completed - so you never know that the bar is completed until it has already turned by the required number of ticks.
This accounts for the massive success rate of the system. It already 'knows' that the market has turned, and then manages to trade at a prior price.
If only that was the real world.
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