Today’s price action was sideways. Trend-following strategies typically underperform in such market conditions. So far, this month has been disastrous for trend-following approaches. However, these drawdowns in profits and capital are inherently part of trend-following systems. Losses are expected during certain months of the year. Traders must remain disciplined and execute trades every day without overthinking the short-term outcomes.
Bank Nifty Chart:
Profit and Loss for the Simulated Strategy:
- BN Futures 5 min Renko – Total Trades (6) – Profit/Loss (-2996)
Detailed insights into the strategy can be found here.
Disclaimer: The profit and loss figures provided above are for educational purposes only. Implementing these strategies without adequate knowledge may lead to losses. For more information and guidance, please contact me at: simplestrategieswork@gmail.com