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Trend Following with Donchian Channels and MACD

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This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter:

Long positions:
* Price makes a new 50 day high,
* The MACD-line crosses above or is above the Signal-line.
* Both the MACD and the Signal-lines are above the zero-line.

Short positions:
* Price makes a new 50 day low,
* The MACD-line crosses below or is below the Signal-line.
* Both the MACD and the Signal-lines are below the zero-line.

Stoploss:
The initial and the trailing stoploss are 4 ATRs away from the price.



Nota Keluaran
Removed the MACD from the chart.
Changed entrycondition3 = macd and signal >/< hist to 0
Increased the pyramiding amount to 4 from 3
Nota Keluaran
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Nota Keluaran
Replaced the multiplier in the position size formula with syminfo.pointvalue in order to get a more accurate position size.
Nota Keluaran
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Nota Keluaran
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.
Nota Keluaran
Adjusted the position size formula.
Improved the stoploss multiplier.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.