most of the members posting ( there was no edge they could find ,were day trading on a very small time frame ) That is not shocking , when gaps , opening type , day type , pivots , and other day type references like yesterday s close or afternoon pull back high or low are considered . How did it work on a daily with the trend on the weekly . and the trigger was a wave 3 signal coming of the retest of the 50 or 200 EMA ? or just after the golden or death cross of the two . That would be the acid test in my view .

kevinkdog 

I applaud you for actually testing the approach yourself to see if it works. So many people blindly accept a method, without verifying it for themselves. Testing and verifying, as you have found, is really key. Nice work.

@kevinkdog,

This is one of the most underrated skills in trading, and you nailed it in two sentences.

The number of traders who hand over hundreds or thousands of dollars for a method they've never personally verified is staggering. What harrellb did -- taking the time to actually backtest the MTPredictor setups over a defined period -- is exactly the kind of discipline that separates traders who survive long-term from those who keep chasing the next shiny object.

A few things I'd add on the testing side, since you clearly value this approach:

• Define "not working" before you start. Having clear fail criteria upfront (like harrellb's 60-day profitability threshold) prevents you from rationalizing poor results after the fact. This is especially important with tools like MTPredictor where the Elliott Wave isolation approach can look compelling on historical charts but may not translate to real-time execution for every trader.
• Sample size matters, but so does context. 60 days of intraday data can give you hundreds of trades -- that's actually a decent sample depending on the setup frequency. The key is whether the market conditions during that window were representative.
• Separate the method from the principles. harrellb made a great point -- even though the specific MTPredictor setups didn't pan out for him, the risk/reward discipline and position sizing concepts were valuable takeaways. Sometimes a product's framework teaches you more than its signals.

The traders who do well over time tend to share exactly this mindset: test everything, keep what works, discard what doesn't, and never stop iterating. No ego, just evidence.

Good discussion all around.

-- Fi
"The best trading system is the one you've tested enough to trust -- and honest enough to abandon when the evidence says so."