Any one use Donchian channels?

FTSEBOY

Member
87 0
Hi there,
Just thought I'd post this question to T2W in the hope that someone may be able to help. Basically I was wondering whether anyone has ever used or is using Donchian Channels whilst day trading. I believe that they are very useful in trending markets but not so on trading markets? Any thoughts or experiences would be most appreciated.
Cheers
FTSEBOY
 

Henry

Active member
177 2
I ran a load of backtesting a while ago using two channels - one fast one slow, taking entries and exits when they crossed. As you say, works great in a trending market, but gets chopped to pieces the rest of the time. I was looking for a simple mechanical system, and the backtesting suggested that over a long period of time it would make money, but the results were hardly sparkling.

Just noticed your location - did you move under the pier whilst they were building that nice new entrance? ;-)

H.
 

FTSEBOY

Member
87 0
Donchian channels

Henry,
Quite new to the game so I am just trying new indicators etc after wearing a few losses due to inexperience and that fact that the builders have been making loads of noise making this bloody new entrance!!!
FSTEBOY
 

JonnyT

Senior member
2,560 22
FTSEBOY,

Nice location. I have a very true story about Southend Pier. Many years ago I was on a cricket tour and had consumed a few bevvies after the game. Needless to say I ended up in an Nightclub. No sooner had I walked through the door when a young lady came up to me and asked if I was Gay. When I said no she said thank you God and plunged her tongue down my throat.

A few minutes later we left the nightclub and cemented the new found relationship under the Pier. I then went back to the Nightclub where my mate said where have you been! I've got a pint for you. I drank it with a rather large smile on my face. I really am a slag.

Come to think of it, it was Southsea Pier but it's near enough ;o)

JonnyT
 

JonnyT

Senior member
2,560 22
PS I forgot to mention I have backtested Donchian Channels and do not think it is a very good method in todays markets.

JonnyT
 
 
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