sh3rmfx

Donchian Channel Breakouts on EURAUD 2013

FX:EURAUD   Euro Fx/Australian Dollar
165 2 0
Breakouts of the 60 bar high/low ( Donchian Channel) on the hourly charts for EUR/AUD             can be taken for good profits this year. Stoploss of 25 pips and take profit of 75 pips has been profitable. Don't trade in the same direction as the last trade if it was a winner. Only take advantage of the initial trend breakout.
Backtesting since the start of the year, 85 trades, maximal drawdown $3353 (15.16%), profit $10375 on $10000 account. Return 205% in 10 months.
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After this last trade, we will be searching for a breakout of the 60 bar high for an entry.
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