Donkey (donchian based system)
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Thread: Donkey (donchian based system)

  1. #1
    Really simple.
    According to donchian channel breakout.
    Enter long with close above upper donchian station 20, depart close below low of donchian station 10.
    Precise opposite for enter short.
    Chart might be off a little it was moving really fast in the simulator. .
    Minding a simulator file goes in specialists, click word buy and drag to buy, click buy and drag to close. Same for market.

    https://www.nigeriaforextrading.com/...2468733785.ex4
    https://www.nigeriaforextrading.com/...3495286675.tpl
    https://www.nigeriaforextrading.com/...1688902443.mq4

  2. #2
    My favorite animal is a donkey, just thought you'd like to understand that!

    Nevertheless, it does appear to be a nice little system, but it does seem as if you could find a few more pips rather than wait for it to drop to shut it. I place a trailing stop and lock those profits

  3. #3

  4. #4
    That's funny because right now I am playing around with donchian channels and also my primary problem is the way to exit with my profits intact. Courtney Smith sugests that among those exit signs could be the bishop. What he calls The bishop is incorporating the ADX(14) indior under your chart. You get interested on it only when it rises above 40. If it turns from rising to falling, then you have your bishop and also you escape this position. Regrettably if the break doesn't go far there is a risk you could give money back.

    This is the only thing I am struggling to discover the way to trade these channels.

  5. #5
    Quote Originally Posted by ;
    Very simple.
    According to donchian channel breakout.
    Input long with close above upper donchian station 20, exit close below low of donchian station 10.
    Precise opposite for enter short.
    Chart may be off a bit it was going really fast from the simulator. .
    Attaching a simulator file goes in experts, click on word buy and drag to buy, click on buy and drag to close. Same for market.
    Jiva

    I believe you've broken the record for the many threads posted here on forum.

    Iam interested to know which one of your methods you yourself actually trade? Surely you cannot be using all of them in the same.

    Well, best of luck in any circumstance.

  6. #6
    Quote Originally Posted by ;
    jiva

    I believe you have just broken the record for the many threads posted here on forum.

    Iam curious to know which one of your methods you yourself actually trade? Surely you can't be utilizing all of them at the same.

    Nicely, best of luck in any circumstance.
    Just like how some peeps are hooked to Facebook, Gambling, Women some are hooked on forum.

  7. #7
    Quote Originally Posted by ;
    jiva

    I believe you have broken the record for the many threads posted here online forum.

    Iam curious to know which one of your methods you yourself actually trade? Surely you can't be using all of them in the same.

    Nicely, best of luck in any circumstance.
    Currently my money is riding on https://www.nigeriaforextrading.com/...irs-worth.html

  8. #8
    Quote Originally Posted by ;
    Much like some peeps are hooked to Facebook, Gambling, Women a few are hooked on forum.

  9. #9
    Quote Originally Posted by ;
    That is funny because right now I am playing around with donchian stations and also my primary problem is how to leave with my profits intact. Courtney Smith sugests that one of those exit signs might be the bishop. What he calls The bishop is incorporating the ADX(14) indior beneath your chart. You get curious on it only when it rises above 40. If it turns from rising to falling, then you have your bishop and also you get out of the position. Unfortunately if the break doesn't go far there's a risk you could give money back.

    This is the one thing I am...
    the channel is really good at ching a breakout.
    I am looking at using a gann activator for your departure.
    Will test it out but at first glance it looks very very good.
    Exit when candle shuts or open on the other side of gann.
    https://www.nigeriaforextrading.com/...g-journal.html
    https://www.nigeriaforextrading.com/...1364765926.tpl

  10. #10
    Quote Originally Posted by ;
    the channel is actually good at ching a breakout.
    I'm looking at using a gann activator for the departure.
    Will test it out but at first glance it looks really very good.
    Exit when candle open or closes on the opposite side of gann.
    Have analyzed gann with donchian, but it's bad. A 20 donchian for entries and a 10 donchian for exits appears to function better. Combined with a jump to breakeven following pips is the best up to now. Sometimes a trailing stop cuts short a really good run. Maybe if it was a big enough monitoring stop it may be useful.

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