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