Originally posted by Michael Hodges on bots.com school. Click here
for the full review.
How It Works
The Stupid Guy System is based solely on MACD crossovers. MACD, moving average convergence divergence, is a technical indicator that utilizes two moving averages. One average is longer and sets the trend, one average is shorter and delivers the signals. The way it works is when the two moving averages move closer and farther apart, converging and diverging. In an uptrend when the signal line crosses over the trend line you get a buy signal for binary calls. In a downtrend when the signal line crosses under the trend line you get a signal for binary puts. MACD can be displayed on your charts in two ways.
My Last Word
MACD good. Trend determining good. Support/Resistance determining good. Market reversals good. The Stupid Guy System not good. Don’t waste your time. This is nothing more than a novice trader and financial writer testing the waters and experimenting with a good indicator. With the knowledge that this strategy was first written more than two years ago I will look for more of Wolf’s writings to see what strategies he is using now.