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Thread: The Donchian Scalper 1.0

  1. #21
    Senior Member fxtester's Avatar
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    Quote Originally Posted by juanpertuz View Post
    HI.

    Is posible that you can do a test with a $500 balance account, because is easy if you have $100.000, you can do many trades with small lots and not suffer for the drawdown.

    Thanks for your work and thanks for your help
    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.

  2. #22
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    Hello
    Thanks Firends

  3. #23
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    Quote Originally Posted by Meister_Propper View Post
    Hi fxtester,

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

    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.

  4. #24

    Default Set file recommendation?

    Quote Originally Posted by fxtester View Post
    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?

  5. #25
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    Quote Originally Posted by Michaelhryu View Post
    What set file do you recommend for a starter, please? Is this EA Martingale based?
    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.

  6. #26

    Default Recommended Account Size?

    Quote Originally Posted by fxtester View Post
    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?

  7. #27
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    Quote Originally Posted by Michaelhryu View Post
    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?
    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.

  8. #28

    Default Best 4 pairs?

    Quote Originally Posted by fxtester View Post
    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.

  9. #29
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    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,

  10. #30
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    Quote Originally Posted by Michaelhryu View Post
    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.
    The best pairs :

    1 - EURJPY
    2 - USDCAD
    3 - EURCHF
    4 - AUDUSD
    5 - EURUSD
    6 - EURGBP
    7 - GBPUSD
    8 - USDJPY
    9 - USDCHF
    10 - EURAUD
    11 - GBPJPY
    12 - GBPCHF

    You can ignore GBPUSD, USDJPY, USDCHF, and you can forget EURAUD, GBPJPY, GBPCHF.

    I would suggest you to try the reverse settings and the no reverse settings on the x best pairs (1-6 in the previous top) for timeframes under H4. You have to set a different magic number (for example magic=1234 for reverse and 4321 for no reverse). This should work the best on TF M30 (this one is followed by M15, M5, and H1). On the mid term, you will have less DD if you apply the reverse and no reverse sets.

    Quote Originally Posted by faifarni View Post
    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,
    You take two accounts.

    On the first one you set the EA on "short only", and on the other account, you set it on "long only".

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