This is a classic long term trend following system.
The breakout period is 50 days instead of 20 and the moving average crossover are 40 and 120.
The moving averages are also exponential instead of simple.
The stoploss is 4 ATRs away from the price.
Recommendations: Donchian Channels settings > 50 days Moving Averages > 40 and 120, 80 and 140
Important to note: My first strategy, DC Breakout System | This is simplicity at its finest, is best used on the crypto market and this one for stocks, commodities, currencies, etc. Those markets tend to trend a lot longer than crypto do.
Versionshinweise
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Replaced the multiplier in the position size formula with syminfo.pointvalue in order to get a more accurate position size.
Versionshinweise
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Reverted the pyramiding setting from 4 back to 1 to keep the system simple and the max drawdown low. Added a visual ATR trailing stop, so you know where to put your stoploss.
Versionshinweise
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Adjusted the position size formula. Improved the stoploss multiplier.
When I test the strategy the short strategy has extreme negative results while the long strategy is brilliant. Is there anyway to remove or have the option to turn the short strategy off?
makwanadushyant960010
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also add line for stoploss so all can see where to put stoploss right now its just showing exit