Mean reversion based strategy

Folks,

I have been messing around during the quiet periods with a mean reverting strategy which is showing some interesting results.

The question I have is whether you take trades in both directions, particularly if there is good evidence of a trend on a higher timeframe.

Answers on a postcard.

Love

I've got to assume you mean more than just taking the counter-trend trades on the sole instrument. Or you wouldn't have posted. So is this a pairs strategy? Or are you on the trail of something higher?

It does basically distill down to taking counter-trend trades but what I have managed to do is de-trend trends even when they are not really going in a straight line (i.e. parabolic - usually as the trend fades and starts to lose momentum).

No pairs. Single instrument.

"de-trend trends even when they are not really going in a straight line", sounds like you are trying to swing trade...
Yes I trade both sides, "price goes up and down", if this is what you defined as "both directions".