Thread: The Donchian Scalper 1.0

Hello
Thanks Firends

Originally Posted by fxtester

Hi juanpertuz,

For this EA, you will get the same results with a 10k account if you set the lots size on 0.01. For a $500 account, you have to select the 1-2 best pair(s) only.

Hi fxtester,

if you have e.g. a 2000$ account, how many maxtrades do you suggest? It´s better if the maxtrade number is not so high, right?
Thank you for your efforts!
Best regards!

Originally Posted by fxtester

I you want to trade 12 pairs, set lots on 0.01 and maxtrades on 20.

Otherwise you can select 2 pairs and let maxtrades on 100.

What set file do you recommend for a starter, please? Is this EA Martingale based?

Originally Posted by fxtester

I would recommend these settings on H4 : http://www.tradingsystemforex.com/18662-post19.html

They will generate less DD comparing to the other timeframes.

No, it is not EA martingale based.

What is your recommendation for account size to trade the 12 pairs for which the set file is made?

Anyway, what symbols (currency pairs) are they?

Originally Posted by fxtester

For 12 pairs, you need 10k with maxtrades=100. Otherwise you can lower maxtrades.

Symbols : USDCHF, GBPUSD, EURUSD, USDJPY, AUDUSD, USDCAD, EURGBP, EURCHF, EURJPY, GBPJPY, GBPCHF, EURCAD.

Thank you very much for your info!

Just one more thing, please! I am not comfortable traind all 12 pairs. If I were to trade only 2 or 4 pairs at the beginning, what would they be? I'd like to hear about your suggestions because backtesting all the 12 pairs would take probably days, I am afraid.

All the testing results have been on non-US based brokers which allow hedge trades. Are there any back or forward tests for this ea that would show it's profitability on a US broker that wouldn't allow the buy/sells on the same currency pair???

Nick,