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Originally Posted by doremur
Paul Rotter certainly has the edge by having access to Level2 execution platform and has a winning automated systems that sounds like has some discretionary input as well. I'm impressed though that he uses CCI indicator to measure momentum and volatility in the markets. I've been using CCI with impressive results since November last year. There are several methodologies that could be traded with CCI. I found Woodie's CCI approach being the easiest to understand and follow. All it takes is some screen time to learn and recognize CCI patterns.
If world's most successful Eurex trader uses CCI, then surely it has something to do with his success. CCI improved my trading immensely - there is no going back to traditional indicators after you discover how powerful CCI really is.
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I disagree. Both Schwager and Van Tharp have proven this to be a false notion. Between them they have had access to many highly successful traders and they both found the same thing. That methodologies differ widely and the commonalities of these traders are all psychological.
The above mentioned trader may be highly successful using the CCI, but it doesn't mean that his success is due to the CCI. I would venture to say if the CCI didn't exist, this man would still be successful and then you would say because he uses RSI (insert any indicator) then the RSI is a major component of his success.
These boards are littered with examples of this. Many systems have been posted and many cannot make them work, while some can.
Nat