We´re mixing things here.
One thing is MA forecasts, which don´t have any value to trading/investment as the entry/exit timing is unknown variable. If their forecasts were of any value for Investment, they were not given for free from someone that charges so much for simple market history review reports.
The other thing is Socrates which have built-in some good technical indicators (some of them with fancy names like Energy instead of regular know as Momentum oscillator and Cycles represented on fancy graphics/ARRAY´s instead of plain english cycle is up on X time frame but at same time is down on X time frame like Charles Nenner do on his research/market alerts service).
Some of technical indicators are very valuable, specially the internal calculation of support/resistance price areas (Reversals). But as overall standalone product for trading/investing missing extremely important features:
1) Search on database for setups/ alignment between indicators/reversals.
2) You been able to back-test your ideas using the indicators built-in on the software to find a approach that fits you and more important than that: Gives you confidence to stick to your rules when things start to go wrong on one trade.
As the
system is a black-box system, that people suppose to use blind, for anyone that want to invest some serious $, is worthless until the point you be able to replicate the formulas/inputs on the indicators in the "black-box" indicators and you´re successful on built-in the data on a decent software with back-testing features or simple that let you export the data into spreadsheet/excel to back-test and to see with your eyes what really work and what is worthless inside the large number of indicators/tech tools inside Socrates. And getting it to next level, you use what work best from Socrates with what had been working best for you on the markets - Elliot Waves, Fibonacci, Gann, Wyckoff, Cycles studies, RSI, MACD I could go on forever naming good approaches/indicators as the´re +100 good ones. What been working best together along so much tools/approaches you only could know if you can test it.
Without back-testing it you will never know the real numbers/success rate/win rate to be able to manage your risk and build a trading/investment approach. Using Socrates, is like driving your car blind on a well know route, it could go well and you´re a hero, but most of the time you will just crash your car and have a expensive hospital and car repair service bill!
RS
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