Donchian Scalping strategy, help needed!

“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 :

initiallot = 1
 
if buycondition then 
 if positionperf(1)>0 then 
  count=count+1
 else
  count=0
 endif
 if count=1 then 
  mylot = 5
 elsif count=2 then 
  mylot = 10
 elsif count=3 then 
  mylot = 15
 else 
  mylot = initiallot
 endif
 
 BUY mylot CONTRACTS AT MARKET 
endif

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.

// Définition des paramètres du code
DEFPARAM CumulateOrders = False // Cumul des positions désactivé

// Empêche le système de placer des ordres pour entrer sur le marché ou augmenter la taille d'une position avant l'heure spécifiée
noEntryBeforeTime = 091500
timeEnterBefore = time >= noEntryBeforeTime

// Empêche le système de placer des ordres pour entrer sur le marché ou augmenter la taille d'une position après l'heure spécifiée
noEntryAfterTime = 171500
timeEnterAfter = time < noEntryAfterTime

// Empêche le système de placer de nouveaux ordres sur les jours de la semaine spécifiés
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

// Conditions pour ouvrir une position acheteuse
ignored, ignored, indicator1, indicator2 = CALL "macd zero retard perso"
c1 = (indicator1 > indicator2)
indicator3 = Average[50](close)
c2 = (close > indicator3)
indicator4 = RSI[9](close)
c3 = (indicator4 < 70)
indicator5, ignored = CALL "canal donchian perso"
c4 = (close CROSSES OVER indicator5)
indicator6 = Average[200](close)
c5 = (close > indicator6)
indicator7 = ADX[14]
c6 = (indicator7 >= 25)

IF (c1 AND c2 AND c3 AND c4 AND c5 AND c6) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Conditions pour ouvrir une position en vente à découvert
ignored, ignored, indicator8, indicator9 = CALL "macd zero retard perso"
c7 = (indicator8 < indicator9)
indicator10 = Average[50](close)
c8 = (close < indicator10)
indicator11 = RSI[9](close)
c9 = (indicator11 > 30)
ignored, indicator12 = CALL "canal donchian perso"
c10 = (close CROSSES UNDER indicator12)
indicator13 = Average[200](close)
c11 = (close < indicator13)
indicator14 = ADX[14]
c12 = (indicator14 >= 25)

IF (c7 AND c8 AND c9 AND c10 AND c11 AND c12) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Stops et objectifs
SET STOP pLOSS 15
SET TARGET pPROFIT 2

Buy-donchian-scalping.png Sell-Donchian-Scalping.png canal-donchian-perso.itf Donchian-Scalping.itf