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mljones
Dec 21, 2019 8:31 PM

16 Week Donchian Strategy For Eth Long

Ether / United States DollarCoinbase

Description

Similar to previous BTC stategy except the rules are to buy twice a year instead of the start of the year and the stop is the 6 month low.

Rules:

1.) Long only, stop is the low of the 6 month donchian channel.

2.) If long, sell on December 1 or June 1

3.) To get in again, wait until after the 2nd week of January or June and buy at market on a touch of the 16 week donchian channel high.

This currently has a buy stop at 224 which I will use to accumulate eth next year

Comment

Using same idea on ethbtc, what I find interesting about this is that when it's wrong it simply kicks you out immediately with little to no loss because it was wrong around the highs defined by the 6 month cycle. However when it's right it gives huge returns.

Comment

Just realized the stop on the chart is set to 6 month donchian low not one year.

Comment

Also had errors in the rules, they should be:

Rules:

1.) Long only, stop is the low of the 6 month donchian channel.

2.) If long, sell on January 1 or June 1

3.) To get in again, wait until after the 2nd week of January or June and buy at market on a touch of the 16 week donchian channel high.
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