ilmscore | Prediction Details
"Make sure you go long a long enough period back so that you're in consolidating markets and trending markets because you could be on an hourly chart. Let's say for this entire time here, I'm going to put some horizontal lines on the screen. You could be on an hourly chart from here to here trading a trend continuation strategy and what do you think? You would have a lot of wins. But if you were in a consolidating market like from here to here, as we can see if I draw some horizontal lines on here as well. If you're in this market right here trading a trend continuation strategy, what do you think is going to happen? You're going to be losing trades."
By The Trading Channel (The Trading Channel) | June 10, 2017 | Pending
From video
How to become a successful trader : part 1 : ( patience is key ) 00:10:01 - 00:10:41
Interpreted Prediction
Backtesting should cover extended periods to include both consolidating and trending market conditions, as trend continuation strategies perform poorly in consolidating markets.

Prediction Details

Topic
Backtesting Market Conditions

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