The Small Turtle System (Donchian Trend +MACD) | Page 42 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking for MTF Donchian Channel MQ4 6 replies

Donchian Channel and other breakout methods 68 replies

Donchian Channel? 0 replies

Searching for a Donchian Channel Sound alert indicator 1 reply

Looking for Simple Donchian Channel EA 0 replies

Attachments: The Small Turtle System (Donchian Trend +MACD)
Exit Attachments

The Small Turtle System (Donchian Trend +MACD)

  • #821
  • Oct 31, 2022 12:58am Oct 31, 2022 12:58am
Iearningg chart
I took audcad 4 hour buy
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_٢٠٢٢١٠٣١_٠٩٠١٤٧.jpg Size: 303 KB
Cut your losses. Cut your losses. Then maybe you have a chance
  • #822
  • Oct 31, 2022 1:08am Oct 31, 2022 1:08am
Reasons
1- price return from daily resistance
2-price return from 4 h trend
3- pinbar candle good price action
4- short trend broken in 4 hour
5- macd cross lines in the direction of trend
Cut your losses. Cut your losses. Then maybe you have a chance
  • #823
  • Oct 31, 2022 1:12am Oct 31, 2022 1:12am
Every trade i ask my self what the reasons to take the trade
So i do my work and i am wrong until market confirm the opposite
Cut your losses. Cut your losses. Then maybe you have a chance
  • #824
  • Oct 31, 2022 1:24am Oct 31, 2022 1:24am
Eurnzd 4hour
Learning chart
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_٢٠٢٢١٠٣١_٠٩٢٣٥٤.jpg Size: 218 KB
Cut your losses. Cut your losses. Then maybe you have a chance
  • #825
  • Oct 31, 2022 3:25am Oct 31, 2022 3:25am
I have a trade H1 with AUDUSD because:
1- rejected trend D1
2-break trend h4
3- rejected trend H1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #826
  • Oct 31, 2022 4:17am Oct 31, 2022 4:17am
Is it just me, or do most of the latest trades posted have nothing about the original entry rules?
I see no Donchian for example, but SR, trendlines, and rejections, all good stuff...but....
I am sticking to the rules,I filter with a 2,5 Day oscillator,and my own trading experience.
But entries: strictly to the rules, and trailing, as I mentioned before.
I do have a parallel system running, that does not include Donchian.
But that is another story.
All in all I have 4 trades running, all in profit, just closed one, with a little profit. just opened a D1 on Wheat.
All in all, specially the Entry and my modified exit, changed my performance big time.
Thanks again Ali!!!!
  • #827
  • Oct 31, 2022 10:35am Oct 31, 2022 10:35am
Quoting cuchuflito
Is it just me, or do most of the latest trades posted have nothing about the original entry rules? I see no Donchian for example, but SR, trendlines, and rejections, all good stuff...but.... I am sticking to the rules,I filter with a 2,5 Day oscillator,and my own trading experience. But entries: strictly to the rules, and trailing, as I mentioned before. I do have a parallel system running, that does not include Donchian. But that is another story. All in all I have 4 trades running, all in profit, just closed one, with a little profit. just opened...
thank you for reminding everyone. I was just scratching my head saying what?
  • #828
  • Nov 2, 2022 4:06am Nov 2, 2022 4:06am
Backtested M30 1 week (granted not much, but just to get a feel):

EURGBP
EURUSD
Both are not correlated on M30.

Results:
Only 7 trades met my filters and strict S.Turtle entry.
4 Winners (2 over 2R).
3 losers (only 1 full -1R), the others very small.
0,77 Expectancy which is very good.
6% growth risking 1% per trade, which is close to dreamland.

Btw. as usual, miss those 2 winners and you spoil the whole week´s performance.
  • #829
  • Nov 2, 2022 2:48pm Nov 2, 2022 2:48pm
Quoting cuchuflito
Is it just me, or do most of the latest trades posted have nothing about the original entry rules? I see no Donchian for example, but SR, trendlines, and rejections, all good stuff...but.... I am sticking to the rules,I filter with a 2,5 Day oscillator,and my own trading experience. But entries: strictly to the rules, and trailing, as I mentioned before. I do have a parallel system running, that does not include Donchian. But that is another story. All in all I have 4 trades running, all in profit, just closed one, with a little profit. just opened...
I felt the same. May be the SnR, Trends were mentioned at the beginning, but for the ease of other trader to follow, it was simplified. Now start picking up again the SnR part which has long been neglected. As for now, I don't see the candle color change, MACD cross 0 entry. It got me thinking, is it important to follow the rules?
  • #830
  • Nov 2, 2022 7:57pm Nov 2, 2022 7:57pm
Quoting cuchuflito
Backtested M30 1 week (granted not much, but just to get a feel): EURGBP EURUSD Both are not correlated on M30. Results: Only 7 trades met my filters and strict S.Turtle entry. 4 Winners (2 over 2R). 3 losers (only 1 full -1R), the others very small. 0,77 Expectancy which is very good. 6% growth risking 1% per trade, which is close to dreamland. Btw. as usual, miss those 2 winners and you spoil the whole week´s performance.
"as usual, miss those 2 winners and you spoil the whole week´s performance."
The exact reason I moved from 1H to 4H. You need to execute all signals shown by this system to be able to succeed.
Miss one or two trades, your week could be ruined.
Happened a lot to me on 1H.

Even on 4H, on days when I need to go to the office, I would just go to the toilet 1-2 times a day pretending to do my stomach unloading activity while in reality I check for any possible trade on my phone. Which is hard seeing it on a small screen.
  • #831
  • Nov 2, 2022 8:06pm Nov 2, 2022 8:06pm
Quoting sdahao
{quote} I felt the same. May be the SnR, Trends were mentioned at the beginning, but for the ease of other trader to follow, it was simplified. Now start picking up again the SnR part which has long been neglected. As for now, I don't see the candle color change, MACD cross 0 entry. It got me thinking, is it important to follow the rules?
It is not just a matter of important or not, but important to you or not.

I assume Ali used to be a price action trader before going with this system.
He made this thread to help those who are new to the industry.
But for those who are experienced, you can analyze price action then execute the trade with the confirmation of this system (hybrid way, like Ali does).
That way, you can further filter out bad trades.

But I agree that we should, 80-90% of the time, post trades that are only analyzed using this system.
I used to trade supply-demand with liquidity concept but now I don't think or analyze the chart at all before taking any trade. Just rely on this system.
  • #832
  • Nov 2, 2022 8:20pm Nov 2, 2022 8:20pm
This week was wild, wow.
4 consecutive losses then 1 win; bringing me down to minus 2% for the week.
I don't usually trade a day after FOMC and before NFP, so probably this minus 2% is locked in already for the week.

Well, it's probably the way the universe is bringing me down to the earth after several weeks of being in quite big profits.
Safe trading, everyone.
  • #833
  • Nov 2, 2022 9:10pm Nov 2, 2022 9:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
I got one position is doing good. But quite a few that candle changed color, and loss.
  • #834
  • Nov 3, 2022 1:27am Nov 3, 2022 1:27am
Quoting sdahao
{image}I got one position is doing good. But quite a few that candle changed color, and loss.
Man you're using an ultra wide monitor?? So cool
  • #835
  • Nov 3, 2022 1:52pm Nov 3, 2022 1:52pm
Want to have a look at what is possible?

How about 1000% in a month and more? People are doing that with real $.
Guess sometimes we put a stop to ourselves.

Check these people:

https://www.forexfactory.com/thread/...8#post14208138

https://www.forexfactory.com/
  • #836
  • Nov 3, 2022 7:47pm Nov 3, 2022 7:47pm
Quoting cuchuflito
Want to have a look at what is possible? How about 1000% in a month and more? People are doing that with real $. Guess sometimes we put a stop to ourselves. Check these people: https://www.forexfactory.com/thread/...8#post14208138 https://www.forexfactory.com/
Possible, indeed, and this is also an inspiration for all of us.
But remember, do not compare your level 2 with someone else's level 10.

Working my way to that level!
  • #837
  • Nov 4, 2022 2:23am Nov 4, 2022 2:23am
I am testing trading using this method. Thanks you ALi
  • #838
  • Nov 4, 2022 6:32pm Nov 4, 2022 6:32pm
Hi Guys,

bad week for me -1.5% on 5 trades 4H timeframes. Still not consistent in 1 month of practice. Getitng crazy!
Looking back of my entry i am making psycological mistakes.
I am in hurry to enter the traded because scared to loose the right oppurtunity.
Later checking my trades i never made a perfect A+ entry

-one time i entered on a soft cross on macd (almost orizzontal both lines)
- one time the candle were small (no price action)
- on time i entered on a cross for BUY below zero line...
- on time no lucky

I am getting crazy but it is the first time i recognize my partial mistake...Sometimes some luck may help!

Can someone tell me how are calculated the 2 param of turtle channel 20 and 10?
I means the system check 20 candle back which HA candle is the highest and keep drawing blue support line?
I am getting confused. Can you how are drawn the two lines and when there the switch?

Thanks.

Have a nice we

Paolo
  • #839
  • Nov 7, 2022 3:12am Nov 7, 2022 3:12am
Hi
Today i have 2 trades on h1 timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: z3861753521748_584efbdb17f68edc635d316fa3da8334.jpg Size: 269 KB
  • #840
  • Nov 7, 2022 10:55pm Nov 7, 2022 10:55pm
Quoting vostro
Hi Today i have 2 trades on h1 timeframes. {image}
Hello fellow from VN ))btw, good trade and congrats
1 trader viewing now