Donchian Scalping strategy, help needed!

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Viewing 7 posts - 1 through 7 (of 7 total)
  • #38442

    “Help! I need somebody
    Help! Not just anybody
    Help! You know I need someone
    Heeeeeeeeeeeeeeeeeeeeeeeeeeeelp! ”  🙂

    Hello everyone !

    I work on a scalping strategy based on donchian channel. I was inspired by a video I saw on the youtube channel of Doctrading ( Im a fan 🙂  )

    It’s a scalping stratégie on DAX. Timeframe M1. Filtered with MACD zero lag. I added  SMA50, SMA20, RSI and ADX. TP 2 pts SL 15 pts. The Timesitting are to have the spread a 1 pts.

    Please take a look at pics, it’s hard for me to describe with my bad english 🙂 ( I know: a guy with an English name who speaks bad English….. 🙂  )

    The problem is that the few losses destroy the long series of wins. And therefore the strategy is not profitable.

    I tried to modify the sl and tp. with SL = 40 pts we have 92% wins…. but is not profitable…

    So I tried to integrate this code of management of the positionsize (thanks to Nicolas) so that the beginning of a series of wins compensate the future loss :

    But I did not find a good solution… And I’m blocked now. 🙁

    I will appreciate any help or ideas you may have.

    Have a nice day !

    TheAccountant.

    PS : I took the codes of the donchian channel and the MACD zero lag on the website of Doctrading.

     

     

     

    #38485

    Hi,
    Even if it’s not the scalping philosophy, did you try a trailing stop? Or a takeprofit sized with volatility.

    1 user thanked author for this post.
    #38492

    Hey noisette takeprofit sized with volatility sounds interesting and useful, please could you share code to do that or a link on this site?

    Thank You
    GraHal

    #38497

    Hi ! I try with trailing stop based on ATR trailling stop ( great for other strategy) but for this strategy results was not good…

    In fact in manual one of the filter that I use are the supports and resistances (points pivots on PRT) : Do not buy just below a resistance or do not just sell over a support ( support/resistance = im not sur in english 🙂  ) But I do not know how to code this.

    Otherwise, there is a way to make the stoploss dinamic to adapt the size according to the volatility …  I do not know ! 😉

     

    #38499

    i doubt that you can be profitable with a 2 point tp on dax?

    or maybe you are looking for positive slippage.. (i did get slipped 6 point on a buy stop a day ago)

     

    #38503

    Hi GraHal,

    I mean a percentage of Average True Range indicator or Donchian Canal (as this indicator is alreaready used in this strategy).

    Regards.

    1 user thanked author for this post.
    #38526

    @Eric I also got an 4 point positive slippage the other day, mine was on a sell stop,

    Most get stung on negative slippage so it balances somewhat that we report positive also 🙂

Viewing 7 posts - 1 through 7 (of 7 total)

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