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TFC Commodity Trading Forum

Re: 700 trade backtest of Todd Mitchell's System

I realize that there is a mix of bull/bear and sideways trading every week as I've tested day trading systems several times over the years with the Emini. But in a bull trend the rallies have far more strength and are seen more often and regardless of good days/bad days do have a bullish bias to trading. Trading from the long side will tend to be the best bet and give you more leeway with a trade. You'll see in sideways to down markets where the system doesn't seem to be making money as there are no home runs in the bunches of trades. So like all trading the 1st question is always "what is the major trend". And then that is the bias used in trading shorter time periods. And they each have a different character. In bear trends the biggest rallies every seen occur oddly enough as markets become oversold and then explode to the upside blowing the bears away now and again. And the sideways markets chop most into pieces but are great for trading channels with oscillators as there is no trend to trade other than the channels. With markets only trending about 1/3 of the time those sideways channels that often drive traders crazy with no follow through are great to trade. You can't add and piramid your position with them like a bull or a bear trend but can still do well inside the channel from both directions. Those have been my observations but whatever works for you........................