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I have tried using the indicators designed by Williams for trading his ideas (fractals, alligator, awesome oscillator and such) but felt there were either too many false signals given or the signals were often far too late in a good number of cases. Now that may just be that I don't personally have sufficient background or training to implement the strategies and indicators properly so you would have to try them out for yourself and make your own assessment.
Williams is reportedly considered an absolute genius in some circles and a total crackpot in others. |
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I'll go with the circle that considers Williams to be a marketer who will use whatever is new (at the time) to sell books, subscriptions or systems. Like ez I have used his stuff, bought the book, and moved on to more realistic strategies.
His stuff does NOT use chaos theory (I actually haven't heard of anyone using Chaos etc as part of a working trading strategy) but is a proprietary jumble of displaced mas and macds renamed to sound sexy. More snake oil sadly.