The problem with the champion trader 'strategy' is its too simplistic!
However if you chose the right stock, volatile but with nice flowing oscilations of price, its a tradable system. You've got to choose the stock carefully based on tradable chart patterns.
It does give good advice about trading with the trend the next time frame up but thats nothing that you wouldn't get elsewhere for less money. And the entry signal is based on the idea that if the price goes outside of yesterdays range its a sign of strength in the direction of the price movement. Valid enough thoughts.
The CTA 'formula' is actually very similar to 1-2-3 pattern: price trend, a pull back then a confirmation of trend continuation when it passes the point where the pullback occured. Only works on trending prices!
CT stop loss is too wide and the CTA stop loss is actually just plane wrong! In reading posts and strategies here and in other books, a trade should only be made if you think there is a good chance of making more profit than loss. His idea is to take a small movement and profit from it but keep the stop loss the same distance as the profit target. e.g.your target is 1.5p and your stop loss is 1.5p. A 1:1 relationship! Thats not so hot! Doesn't go into strategies of leting profits run and stopping loss immediately that the price goes against you!
But I actually think that it is something that could be a starting point for your own system design. Advice about this system would be: stay far away from it in choppy sideways movements in the next time frame up! Do not blindly trade it, but use other indicators to back it up! I reckon a better beginner strategy is
www.truetrend.com, more complex but seems more likely to be a winner
