DislikedHi all,
I've compared the performance of NB trades with other strategies which actually also faded the market for the period 05/14 - 08/04. Look at Bollinger Bands for example. With very conservative MM tt produced over 800 pips for a pair for that period. If you traded lets say 10 pairs you could produce 8000 pips total.
My preliminary conclusion is (of course, based on my observation): at least for ranging market this strategy is no better than any other fading strategy ( I also tryed RSI and Stoch).
More general conclusion: if you know you are in ranging market - fade it (any fading startegy would work, for example NB trades). If you know you in a trend - follow it (for example reverse NB trades)
So,trading is not about strategies. Trading is about choosing either to fade or follow the trend depending on market type
But how can we predict market type? Any "no brainer" for this?Ignored
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