Quote:
Originally Posted by hunsheridan
I managed to get to a point where I never miss a decent movement. However... I have a problem that my strategy is not very good or rather very bad when there's sideways market or not much trending movement so I hit a tremendous amount of whipsaws because of this issue.  |
You're trend trading. The problem with that type of methodology is the drawdowns when the market isn't trending. The idea, though, is that the big gains you make on the trends more than makes up for non-trend period drawdowns. You should give Way of the Turtle a read (
my review). It includes some stuff that might help you out.
Alternately, you can develop a secondary approach which performs well in range-bound markets and work both systems.