Donchian Channel Trading - Page 2
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  1. #11
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    Oct 2014
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    What platforms offer Donchian Channels? Which do not?

    -Adrian

    Forex.com FOREXTrader = YES
    FXCM Trading Station = YES - must be installed additionally, great features
    FXCM Mobile Trading Station = YES
    FXCM Webtrader = YES
    Oanda fxTrade = No
    MT4 = YES - must be installed additionally
    Thinkorswim = YES
    FXCC = MT4
    FxPro cTrader = YES
    FxPro MT4
    FXTM = something called CHANNELS, looks like DCs, but dependant on TF and not changeable by the user
    FxChoice = MT4/MT5

    I'd like to build a list. If you use a platform not listed, let us know.
    Last edited by Arbitrager on Acid; 04-07-2015 at 08:35 AM.

  2. #12
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    Mar 2013
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    236
    Quote Originally Posted by Arbitrager on Acid View Post
    What platforms offer Donchian Channels? Which do not?

    -Adrian

    Forex.com FOREXTrader = YES
    FXCM Trading Station = YES - must be installed additionally, great features
    FXCM Mobile Trading Station = YES
    Oanda fxTrade = No
    MT4 = YES - must be installed additionally
    Thinkorswim = YES

    I'd like to build a list. If you use a platform not listed, let us know.
    FXCM web trader also has them included (without installation, of course)...

  3. #13
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    Mar 2013
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    for everybody interested in trend following, there are some interesting podcasts of Michael Covel on youtube called 'Michael Covel on the Trend Following Radio'.

  4. #14
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    Quote Originally Posted by Forexmike View Post
    for everybody interested in trend following, there are some interesting podcasts of Michael Covel on youtube called 'Michael Covel on the Trend Following Radio'.
    Those are also available on iTunes and TuneIn. Really good stuff. For some super in-depth convos with hedge fund managers, especially those that are trend followers, check out Top Traders Unplugged | Conversations with the World’s Top CTAs, Trendfollowers & Hedge Fund Managers. Scot Billington and Jerry Parker have some really good interviews there. The host, Niels Kaastrup Larsen, used to work for Jerry Parker and still does work for Bill Dunn.

    -Adrian

  5. #15
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    Mar 2013
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    236
    here are some other brokers...

    FXCC = MT4
    FxPro cTrader = YES
    FxPro MT4
    FXTM = something called CHANNELS, looks like DCs, but dependant on TF and not changeable by the user
    FxChoice = MT4/MT5

    that's for now...

  6. #16
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    Mar 2013
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    236
    i just put all available currency pairs on the quote list of Oanda's fxTrade and realized that it's 73 pairs!!!
    what do you think of trading all of them?
    quite a sick idea, but on the other hand...we just follow trends, so why not?

    what would be a correct risk management to be able to do so? and would you want to be in all pairs at any time?

    until now, i put my pending orders at the DCs of the bigger DC (normally 20) and trail SL on the smaller DC (normally 10)...and so i had always at least pending orders of all pairs i trade...
    i remember you were using an additional filter to avoid being in every possible trade, no?
    but wouldn't you want to be in every possible trade to catch every possible trend?

  7. #17
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    If you can, trade 'em all. But be mindful of exotics with high rollover costs. Example: USD/CNH. I only take shorts in that one because the rollover on the long side makes the long trades not worth taking.

    The point of trend following is to never miss a trade. The difference is that you may use a moving average or larger channel or something to choose direction. That way you will get into every major trend, you may just get in later and have less whipsaws.

    -Adrian

  8. #18
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    Mar 2013
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    yeah, you have to keep the rollover costs in mind...i'll have a closer look and decide then which pairs are interesting...don't have to be the whole 73 pairs...

    mike

  9. #19
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    Oct 2014
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    Quote Originally Posted by Forexmike View Post
    yeah, you have to keep the rollover costs in mind...i'll have a closer look and decide then which pairs are interesting...don't have to be the whole 73 pairs...

    mike
    Yeah and I try to select pairs to diversify a bit. I don't want every pair to include the $. I did a lot of work in a spreadsheet back in January to try to find the most currency diversification I can. But shortly thereafter, many dealers began cutting many of those exotics because they have floors or bands or whatever. I personally figure every currency is in some sort of band or has a floor or something whether that is stated by the central bank or not. When the euro reaches extremes the ECB will be sure to get involved, same goes for the FED and everyone else.

    I missed that USD/RUB trend last year. I think with Oanda offering odd lots in exotics, trend followers can get at least some exposure to those trends in those diversifying pairs.

    -Adrian

  10. #20
    Join Date
    Mar 2013
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    236
    for the moment i stay with the 28 pairs of the combination of the 8 major currencies, plus Brent Crude Oil, West Texas Oil, Copper, Natural Gas, Silver, Corn, Soybeans, Sugar and Wheat...let's see how it works out...

    Mike

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