Options

Search

Subscribe to Thread

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Richard Donchian EA 26 replies

Donchian Bands Trading 22 replies

Trading using Donchian Channels 31 replies

How does Donchian Scalper 1.0 EA work? 1 reply

Math Monster Martin Trend .......... ka ching 29 replies

Donchian Trend Monster

  • Post# 1
  • Quote
  • First Post: Feb 16, 2011 9:27am | Edited Jan 2, 2012 12:02pm – the spelling
deleted
Attached Files
File Type: mq4 Donchian.mq4   2 KB | 709 downloads
File Type: tpl riskmm.tpl   1 KB | 239 downloads | Uploaded Jan 2, 2012 11:58am
File Type: mq4 SaintSurfer.mq4   2 KB | 278 downloads | Uploaded Jan 2, 2012 12:02pm
Quoting Saintsurfer
Hi, there is a simple strategy using donchian channel that could be easily automated. That is what I am asking for. I tested it manually it makes about 3250 pips from 2010 until today on eur/usd daily chart. It can be traded manually without a problem but the EA would help a lot to test with different settings and for different pairs. The biggest drowdown in a row was about 1000 pips. Yes it stil requires discipline and patience. All true trend followers know that and admit. Yes it is a trend following strategy. I tested with a 5 days exit after...

Please can you explain the SL and TP again. Also should one set the Donochain indicator to 20?
Quoting aelimian
Please can you explain the SL and TP again. Also should one set the Donochain indicator to 20?
It means that the sl will be set by ATR indicator value. As a persentage of it. For example 150 persent of ATR60 on daily chart.
Or an option to put the SL below 1-3 days low for buy orders and above 1-3 days high for sell orders.

Seems this thread were moved from platform tech here,I got shoked when I sow it here. Well I started it with purpose to automate the strategy, but allright thats not a problem.
Quoting Saintsurfer
Hi, there is a simple strategy using donchian channel that could be easily automated. That is what I am asking for. I tested it manually it makes about 3250 pips from 2010 until today on eur/usd daily chart. It can be traded manually without a problem but the EA would help a lot to test with different settings and for different pairs. The biggest drowdown in a row was about 1000 pips. Yes it stil requires discipline and patience. All true trend followers know that and admit. Yes it is a trend following strategy. I tested with a 5 days exit after...
I love these kind of systems; Donchian entry with time-based exit. They work especially well on the EUR/USD. Try an 80-day breakout and a 20-day time-based exit. The longer the breakout the more significant it is, breakouts start to really become significant in Forex when they're breaking highs and lows of around 4-6 months. Some details about that here if you are interested. Good luck
This should be fairly straight forward to code if I have understood all correctly. For an extra safety net could we try closing the trade if price hasn't made a new high after X amount of time?

I will try to put together an EA for testing purposes as work / family allows assuming no one beats me to it!


dave.
Quoting Davidee
I love these kind of systems; Donchian entry with time-based exit. They work especially well on the EUR/USD. Try an 80-day breakout and a 20-day time-based exit. The longer the breakout the more significant it is, breakouts start to really become significant in Forex when they're breaking highs and lows of around 4-6 months. Some details about that here if you are interested. Good luck
Thats good stuf for testing ideas or actually it is already done. Are you trading self this way?
Quoting dave0
This should be fairly straight forward to code if I have understood all correctly. For an extra safety net could we try closing the trade if price hasn't made a new high after X amount of time?

I will try to put together an EA for testing purposes as work / family allows assuming no one beats me to it!


dave.
Thats would be great, thanks a lot. Yes definetaly that option will not harm.
Quoting Davidee
I love these kind of systems; Donchian entry with time-based exit. They work especially well on the EUR/USD. Try an 80-day breakout and a 20-day time-based exit. The longer the breakout the more significant it is, breakouts start to really become significant in Forex when they're breaking highs and lows of around 4-6 months. Some details about that here if you are interested. Good luck
In some way the results could be much better if to use compounding. Trend following works even without it , but with compounding it simply explodes and it doesn`t mean that the risk increases adequately. It increases but not the same level. There goes thanks to the trend that gives us an edge.
Thats why it is important to be agresive once we are in trend. That`s how I want to trade it here.
I think that your strategy works good in 2010 because it was a very trendy year.
Quoting trucheitor
I think that your strategy works good in 2010 because it was a very trendy year.
you are right, it was a good year for trend following.All last four years were good actually, especialy 2009. And there are allways trends that come sooner or later. Trend following always works, just it needs money management discipline and patience to trade. Realistic exspectations as well.
Thread Tools Search this Thread
Search this Thread:

Advanced Search

0 traders viewing now