
12-12-2006, 08:11 PM
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Pip Magneto
Junior Member
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Join Date: Nov 2006
Posts: 81
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Quote:
Originally Posted by topchess
This works good in a trending market, so we can't fool ourselves, and should keep testing in a non trending mode. to know what losses we get, and if winners cover losses. I think about eliminatnig the RSI because it bounces so many times around the 50 area causing undecision to trade.The goal also is to make it more simple, as possible.
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Like the great Einstein said, " Make everything as simple as possible, but not simpler."
You should have a separate system or "plan" to trade ranging versus trending market. One will work like make money hand over fist, while the other will lose money and your face will want to hit your fist.
The easy part is creating a system for a trending market and another system for a ranging market. The hard part or billion dollar question is knowing when to use which at the appropriate time. 
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