Once the code is cracked, markets will go flat due to arbitrage. just wait and see.
Code is cracked?? What determines the market price ??
It is the human thinking. Try to crack the code of human thinking !!
Human thinking is influenced by many factors including Cosmic variables that we do not even know of.
Hence, code is not getting cracked anytime soon.
Bollinger bands say 2 Std. Dev. are 95% chance, 3 SDs are 99%, but still 1% left out does not give a guarantee that price will reverse.
Same for chart patterns. They fail, or reach targets only partially.
Same for haromonic patterns.
Saying 23/26 times the stock went this way because that thing happened is still leaving lots of % on the table to boomerang the wipe the positions off.
Nice try Nedler anyways !! Guess Harvard guys are no joke afterall !!!
"They have their strategies that have proven to work, there's no reason to switch - for all we know, they could very well have a similar in-house system already developed that does this, or even more."
One serious market trader quoted "We develop strategies, they work for a while and then markets change and so do the results from those strategies".
If these strategies would work ALL THE TIME, then there would be no doctors, accountants, farmers etc.
Everyone would be a happy trader playing the strategy via the algo autobot while checking on profits from the golf course.
Why did some famous hedge fund traders closed their funds and returned monies to the investors. 'Cause their strategies and models stopped working and they decided to quit while ahead.