I should preface this by mentioning that past performance does not guarantee future returns but given what I’ve experienced in the past 12-week of testing, my opinion is that if you put some work into it, the Cowabunga System is almost certainly a profitable one. On numerous occasions, the market price initially moved in my direction before reversing and stopping out a trade. I would have gotten much better results if I’d shifted the stop loss to the entry price after the market moved in my direction. Interestingly, this system seems to be mostly unaffected by news announcements. In fact, I had a few winning trades based on price surges following them.
This might be worth looking into. Of course, this means that I would be taking fewer trades, but anecdotally, I’d say that the system would be overall more profitable. Is the Cowabunga System worth following? I would say yes, most definitely.