Stanton got this working

e= Highest[DC](high)

f=Lowest[DC](low)

by doing this

DEFPARAM CumulateOrders = false
If NOTONMARKET Then
DC=20// period of Donchian Stop
Endif

IF LONGONMARKET THEN
DC=20// period of Donchian Stop
TGL=5//Trailing Stop pip distance
TP=30//take profit
//SL=50// stop loss
ELSIF SHORTONMARKET THEN
DC=20// period of Donchian Stop
TGS=5
TP=30
//SL=50
ENDIF

This one really looks promising. Nice work Ale! But i wonder which are the latest versions of the different files. There are so many versions on the last pages, it is little confusing.

I’m just running a WF-test on FBS_EURUSD_30M_V2 (i hope this wasnt the wrong version).

What do you guys who set this life use for values for CP and TP?

Will of course share my WF-result (if the PC doesnt crash LOL).

6o minute version entered long trade at 18:00 South Africa Time. @ 1,0965

Stoploss moved to break even at 19:00 . So far so good.

Got stopped out at – 10 cents now its climbing.
Considering increasing trailing stop to 10.

Hi Ale

You said … first page is updated with latest version … this is very useful.

Might we have latest v3 & v4 on the first page / post also please?

Many Thanks
GraHal

Sorry guys, the comment I wrote on the trailing start doesn’t seem to be completely valid. But there is a reason behind it. I added the comment because when I’d a look earlier at the minimum stop distance for this pair it was set to 6 pips, but in my WF testing I got  a suggested result of like 2 or 3, and if I would put on a trailing stop starting so  tight there would not be enough space for the price to move because we need to keep in mind that the first break even level is set our entry level + the value of TGS. (Btw the 100 000 bars backtest result is better with TGL = 3 and TGS = 1 but I’m not sure if it works in reality and when the minimum stop distans gets increased like it must have been when I first checked your system will fail)

I suggest also to try the  MFE stop from Nicolas (https://www.prorealcode.com/blog/learning/trailing-stop-max-favorable-excursion-mfe/), sometime it’s better than the fixed step trailing one (but not always).

Another thing I’ve been trying which is not yet in this code is a dynamic profit target based on ATR. Especially with forex it helps to adjust the target level after the current volatility of the market.

One issue I’ve been facing with the FX pairs attached to the Asian session is that the time restriction doesn’t work as well as on pairs connected to the European and American session.

Ale has done a great work on the EURUSD and I hope that more people could have a look at other markets in the meantime in order to speed up the development. Start with the lowest spreads and keep on testing different combinations and timeframes!

Cheers and have a great weekend!

Good afternoon Ale ,

First of all congratulations for the  excellent TS and the good explanations of that .

My question  is, in the previous post you talk about :

@KASPER This is results with 1 lot and risk 0.3

If I use 4 lot ( in EUR/USD mini ) , I reduce the capital to 5000  and  I set the risk ..3

What do you Think

Example

//KASPER CODE OF REINVESTMENT
Reinvest=1
if reinvest then
Capital = 5000
Risk = 3//0.1//in % pr position
StopLoss = 48
REM Calculate contracts
equity = Capital + StrategyProfit
maxrisk = round(equity*(Risk/100))
MAXpositionsize=5000
MINpositionsize=4
Positionsize= MAX(MINpositionsize,MIN(MAXpositionsize,abs(round((maxrisk/StopLoss)))))//*Pointsize))))
else
Positionsize=4
StopLoss = 48
Endif