Who do you trade the commodities with?
-Adrian
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
Lucky you…you can’t imagine how hard that daily fight against that evil called ‘yourself’ is 
Mike
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Meanwhile we call the emini a “future”. Ha!
-Adrian
hi adrian,
any update of your live trade?
mike
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
OK so for the first time I was able with the close of last week to move this stop closer to the entry:
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:
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
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:
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!
hi steve,
great to have you on board…we will try to move the thread at an acceptable pace
with the donchian channels we don’t use a TP in the traditional sense, but a trailing stop (i’m sure you know that, but just for others that don’t)…i normally have 2 different channels, one for entries (normally 20) and the other to trail the stop (normally 10)…up to now i use these settings (DC 20 and 10) for all timeframes (from 1h to 6h) i use…
mike
Cool, I’ve never though of using them for intraday trades (or at least lower timeframes as a trend trade, even on a lower timeframe can still last a long time), might take a look at that too, especially if the rules are such to try creating an EA.
I do like the idea of the 10 DC for TS.
How long do your 4hr trades usually last on average?
Anybody pick up an AUDUSD long position with a pending order on a break above the Upper Donchian Channel?
AUD/USD broke new four and ten week highs this week. But they did so below the two hundred day moving average so I did not go long. I will go long that pair if/when it breaks above the two hundred day moving average. I trade Donchian Channels only in the direction away from the moving average. (Donchian himself did that).
AUD/JPY rose above the two hundred day moving average this week. If we get any price activity above this week’s high during next week’s session, I will go long that pair.
-Adrian
The new four week high in the EUR/USD pair got me out of this trade. This was the first new four week high since last June. I was in the trade from last December until today. I did not enter the trade back in June because I was trading smaller time frames and counter-trend trades while working on position sizing ideas. But I entered this trade in December knowing I would wait for the next four week high to get out. The result was 1337.7 pips earned with an initial stop position risk of 358 pips. Thus, this trade was a 3.73R trade.
-Adrian
The euro bounce took me out of this trade with a new four week high today. The EUR/JPY crossed below the two hundred day moving average back in mid January and I went short during the week after the 10th. It took fourteen weeks to see a new four week high and that high was 855.2 pips lower than my entry. With about 740 pips in initial risk, this trade gave me 1.16R.
-Adrian
A potential entry for the coming week(s) has appeared in the USD/CHF pair. This pair crossed back below the two hundred day moving average this week. I will enter to go short next week if there is any price activity below this week’s low. I will take THREE positions, one with the stop above the four week high, another with the stop above the ten week high, and another with the stop above the twenty week high. Each of these will have position sizes that will give them the same risk value from entry to stop. Thus the four week channel position will be largest, the ten week channel position will be smaller, and the twenty week channel position will be smallest.
-Adrian
Looks good Adrian, I’m liking your approach!
how did I miss this thread. too bad it died, im still trying to grasp a few things
Maybe this thread should be moved, it might gain some traction. trend trading a good subject