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I think that some will benefit from such beliefs

It's a bit like saying that you don't like vegetables. There must be as many breakout systems as vegetables to try, probably more. There must be some out there that are worth eating.

Does it really matter what we label a system - breakout, Overbought / Oversold, contrarian etc - as long as it works.

In terms of random entries and exits have a look at Random entries & Exits and Random Entry on my blog.