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Forex Forum → Forex Strategies → donchian strategy using lot limit and one side investments

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Posts: 5

Topic: donchian strategy using lot limit and one side investments

This is a guided method borrowing from turtle rules that gives good profits when ever there is a clear trend in fx prices

Forex Strategy Builder v2.5.3.0
Strategy name: donchian contrarian 10 with lot limit and one side
Exported on: 9/25/2007 10:53:47 AM

Market: EURUSD 1 Day
Spread: 4 pips
Swap Number: 1 pip

Intrabar scanning: Not accomplished
Interpolaton method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 288
Balance: 1153 pips
Minimum account: -90 pips
Maximum drawdown: 341 pips
Time in position: 41 %

A same direction signal - Adds to the position
An opposite direction signal - Reverses the position

[Opening point of the position]
Donchian Channel
     Enter long at the Down Band
     Base price  -  High & Low
     Period  -  10
     Shift  -  0
     Use previous bar value  -  Yes

[Opening logic condition]
Long or Short
     Open long positions only

[Opening logic condition]
Lot Limiter
     Limit the number of position's lots
     Maximum lots  -  4

[Closing point of the position]
Donchian Channel
     Exit long at the Up Band
     Base price  -  High & Low
     Period  -  10
     Shift  -  0
     Use previous bar value  -  Yes

Re: donchian strategy using lot limit and one side investments

The same thing in GBP/USD pair

Forex Strategy Builder v2.5.3.0
Strategy name: donchian contrarian 10 with lot limit and one side
Exported on: 9/25/2007 10:58:07 AM

Market: GBPUSD 1 Day
Spread: 4 pips
Swap Number: 1 pip

Intrabar scanning: Not accomplished
Interpolaton method: Pessimistic scenario
Ambiguous bars: 0
Tested bars: 288
Balance: 1988 pips
Minimum account: -573 pips
Maximum drawdown: 801 pips
Time in position: 54 %

A same direction signal - Adds to the position
An opposite direction signal - Does nothing

[Opening point of the position]
Donchian Channel
     Enter long at the Down Band
     Base price  -  High & Low
     Period  -  10
     Shift  -  0
     Use previous bar value  -  Yes

[Opening logic condition]
Long or Short
     Open long positions only

[Opening logic condition]
Lot Limiter
     Limit the number of position's lots
     Maximum lots  -  4

[Closing point of the position]
Donchian Channel
     Exit long at the Up Band
     Base price  -  High & Low
     Period  -  10
     Shift  -  0
     Use previous bar value  -  Yes

Re: donchian strategy using lot limit and one side investments

Can you tell us more about this "turtle" method!
Tx

Re: donchian strategy using lot limit and one side investments

turtle method was a bet taken by richard denis, one of the greatest commodity traders ever. He had a bet with his friend that he could manufacture traders like they grew turtles in Singapore. He won the bet.

His system is as follows
1. If price cuts 55 day H upwards enter long position(if 55 day L, enter short)
2. If after entering long, price falls below 20 day or 10 day low, exit long(if price rises above 10 day or 20 day high, exit short)
3. Put stop loss restricting loss to 2% of account size.
4. enter addditional positions every 0.5% increase in price
5. Limit lots to 4 in any one market, and 16 overall.

Thats it, simple yet very powerful.
Deniss said that anyone could give a system 80% as good with a little practice, but it takes guts to believe in the system.

Re: donchian strategy using lot limit and one side investments

Viswadatta,

I carefully wrote down your settings and entered them on FSB.  I used the 4738 EURUSD daily bars availed with fsb.  The rewsult is sadly -6633 pips.  May it has good time for the 288 bars you use, and it seems to do ok for wee-bit time back in 89-90 according to equity chart, but otherwise overall it's not good.  Can you please suggest (if indeed you are profiting) the refinements to make this happen?

Thx,
jerry

Posts: 5

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