Dear All
couldn't get enough time to reply all. one thing is sure - during rangebound, any trend following system will fail. either one has to swich to another method or simply avoid trading during those periods. though, i am a rigid follower, but when you have series of losses, we have to stop some where. so i decided to stop trading because the no of consecutive losses were exceeded last year's series of losses. as sanjay has suggested, we can reduce time frame to trade during rangebound but that options i have not checked yet but will definetley look.
I do not have any other method for rangebound market and preferred to avoid trading during those periods. I also do agree that, the system is not perfect yet. I am also working on to improve & also wish to add profit target for each trade. This will take some time as i again need to test before implement. Till that time, we will continue with old one. again, decision will be yours whether to trade or not, when to stop trading, when to book profit etc.
Thanks & Regards,
Vinod