Steve Phillips used AWTA quite successfully trading the Gold ETF (GLD) in the US.
That worked well, probably because the Price of Gold (which the ETF tracked), always kept things moving, so there was no huge time lag.
I used it recently on PLS..... buying at the start of August when AJM had already started to move, but PLS was still dragging its heels.
It had only printed a higher low at that stage, so I did not know exactly when it might be ready to go, but I was pretty confident it was being accumulated, so I jumped in with a half position, and bought another half the day after the breakout. I would have bought a third half (??) if it had come back and tested the breakout.....but that didn't happen.....well not yet anyway......
