Donchian Channel Trading - Page 3
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  1. #21
    Join Date
    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
    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
    Who do you trade the commodities with?

    -Adrian

  2. #22
    Join Date
    Mar 2013
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    236
    Quote Originally Posted by Arbitrager on Acid

    Who do you trade the commodities with?

    -Adrian
    That's all with Oanda...

    Mike

  3. #23
    Join Date
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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
    That's all with Oanda...

    Mike
    Oh right. CFDs. Our self-righteous-christian-nation-of-white-only-no-moslem-no-drug-no-prostitute-no-casino-witch-burners has us protected against that great evil. Oanda U.S. offers fx only.

    -Adrian

  4. #24
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    Mar 2013
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    236
    Quote Originally Posted by Arbitrager on Acid

    Oh right. CFDs. Our self-righteous-christian-nation-of-white-only-no-moslem-no-drug-no-prostitute-no-casino-witch-burners has us protected against that great evil. Oanda U.S. offers fx only.

    -Adrian
    Lucky you...you can't imagine how hard that daily fight against that evil called 'yourself' is ;-)

    Mike
    Last edited by Forexmike; 04-08-2015 at 04:30 PM.

  5. #25
    Join Date
    Oct 2014
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    Adrian Frost http://www.arbitrageronacid.com http://www.myfxbook.com/members/ARBONLSD
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    Meanwhile we call the emini a "future". Ha!

    -Adrian

  6. #26
    Join Date
    Mar 2013
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    236
    Quote Originally Posted by Arbitrager on Acid View Post
    I figured I would maybe keep up with a real time trade using Donchian Channels in this thread to perhaps get things rolling a little. The sad reality is it could take a long time to get a good one going. Ha! Such is trend following.

    So here is the system for this trade:

    Enter on the break of a four week Donchian Channel in the direction away from a two hundred day moving average, exit on the break of a four week Donchian Channel in the direction toward the two hundred day moving average.

    Attachment 73403

    I took an AUD/JPY short trade at 91.220 because AUD/JPY broke out of the four week Donchian Channel to the downside away from the two hundred day moving average. I will exit this trade on the next break of the four week Donchian Channel to the upside toward the two hundred day moving average.

    My initial stop distance is 349.3 pips from my entry at 94.713. I got in a little late so my entry is almost 50 pips below the break of the channel but it is better to get in late than never. My stop will not move until the four week high drops so it will sit where it is for a few weeks at least. I am risking about 1.45% of my closed account balance on this trade. Chances are it will be a loser, but that is Donchian Channel trend following.

    See you in a few weeks. Ha!

    -Adrian
    hi adrian,

    any update of your live trade?

    mike

  7. #27
    Join Date
    Apr 2015
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    2
    i will check this trading system with my 4 hour time frame

  8. #28
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    Mar 2013
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    236
    Quote Originally Posted by Linnie View Post
    i will check this trading system with my 4 hour time frame
    great, tell us your experience...and if you have any question, don't doubt asking them here...

    don't get nervous if you start with a drawdown phase...it takes some time to get positive returns and the winning % is about 30-40%...but in the long term it brings you some nice profits....also have in mind your position sizing, to be able to survive the inevitable drawdown trend following systems normally have...

    mike

  9. #29
    Join Date
    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 Arbitrager on Acid View Post
    I figured I would maybe keep up with a real time trade using Donchian Channels in this thread to perhaps get things rolling a little. The sad reality is it could take a long time to get a good one going. Ha! Such is trend following.

    So here is the system for this trade:

    Enter on the break of a four week Donchian Channel in the direction away from a two hundred day moving average, exit on the break of a four week Donchian Channel in the direction toward the two hundred day moving average.

    Attachment 73403

    I took an AUD/JPY short trade at 91.220 because AUD/JPY broke out of the four week Donchian Channel to the downside away from the two hundred day moving average. I will exit this trade on the next break of the four week Donchian Channel to the upside toward the two hundred day moving average.

    My initial stop distance is 349.3 pips from my entry at 94.713. I got in a little late so my entry is almost 50 pips below the break of the channel but it is better to get in late than never. My stop will not move until the four week high drops so it will sit where it is for a few weeks at least. I am risking about 1.45% of my closed account balance on this trade. Chances are it will be a loser, but that is Donchian Channel trend following.

    See you in a few weeks. Ha!

    -Adrian
    OK so for the first time I was able with the close of last week to move this stop closer to the entry:

    Name:  2015-04-26 AUDJPY.jpg
Views: 544
Size:  26.7 KB

    I moved the stop down to a pip or so above the new four week high. But, of course, the pair broke to a new four week high today:

    Name:  2015-04-27 AUDJPY.jpg
Views: 540
Size:  24.6 KB

    My initial stop distance was 349.3 and my closed trade was a loss of 211.8 pips. So this trade was -.606R trade. This means I lost 60.6% of my initial risk. No biggie, just another day in the life of trading.

    With that I will post more trades as time goes on...

    -Adrian

  10. #30
    Join Date
    Jan 2007
    Location
    New Zealand
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    56
    This thread looks quite interesting, I'm subscribed.

    I pretty much stick to the EURUSD, AUDUSD, and GBPUSD intraday (using other methods), but want to start looking at longer term trading with bigger R:R, so will start back testing using Donchian breakouts and see what settings I like and report back.

    So far i like the weekly chart using Donchian(4), as above, and daily using Donchian(20) - the default. A slight variation I want to look at, is only have a pending order to buy (sell) if the upper (lower) channel has been flat for an extended period, see pic on the daily chart:
    Name:  2015-04-EURUSD-Donchian.jpg
Views: 505
Size:  48.3 KB

    Any thoughts on TP or TS apart from the obvious of the other side of the channel as a trailing stop. I'm thinking TP on half when hit 2xATR, and trail second half with the other channel..?

    I hope this thread doesn't move too slowly, such as the nature of these set-ups!

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