Any trend-following indicators/systems/EA's will fail in a ranging market. Just like any overbought-oversold oscillators would fail in a trending market.
The successful trading lies in recognizing WHEN the market is trending and when it's ranging BEFORE anyone else and then trade accordingly. Once you can do that, I guarantee you that you can become a millionaire in a month.
But so far, there is still NO reliable foolproof EA/system/method/indicators for detecting trending and ranging markets so that's why trading is hard. At least we are not aware of one. There might be one existing but whoever possess that method/system is NOT going to watch his/her profits going down the drain by sharing it with anybody. Hence we are all struggling...
The successful trading lies in recognizing WHEN the market is trending and when it's ranging BEFORE anyone else and then trade accordingly. Once you can do that, I guarantee you that you can become a millionaire in a month.
But so far, there is still NO reliable foolproof EA/system/method/indicators for detecting trending and ranging markets so that's why trading is hard. At least we are not aware of one. There might be one existing but whoever possess that method/system is NOT going to watch his/her profits going down the drain by sharing it with anybody. Hence we are all struggling...
Make your losses in demo. Earn your profits live.