It is my favourite becauise it helped me as a novice.HELPED TO REDUCE LOSSES.
1.It is a complete trading system showing entry,stoploss,trailing stop,target.
2.IT SUCCEEDS 65% OR MORE best on EOD timeframe.
3.It is so easy to quantify reward/risk ratio.
4.a very visible stoploss saves headaches most often.clear target helps take money off the table.
If we can measure risk,if we can locate barrier from where significant risk begins,you are in better control.
5.since it doesnt work so good on intraday,i was forced to go for eod swing trades-it saved my money.
6.it shows trend in action readily.when in clear visible trend,you can trade with confience.
7.target 70% of total reward range is suggested by my friend as i complained my trades dont reach target level.
8.less confusion.