What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Donchian Channels

Score

-1.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 15.7 0.37% 0.59% 7.4% -2.6% 39.7%
SHORT 35 8.0 0.14% 0.17% 3.9% -2.8% -64.0%

Summary

Technical Analysis


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


PROFILE: Xero (XRO.AX)


Stock Exchange: ASX
Company: Xero
Ticker Codes: | XRO.AX | ASX:XRO |

About Xero (ASX:XRO):

Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
GRR Grange Resources 0.24 4.3 393,189 -10 BEARISH CROSSOVER
RAP Resapp Health 0.25 4.2 314,079 -7.14 BEARISH CROSSOVER
MYX Myx 0.45 3.5 3,638,020 -4.21 BEARISH CROSSOVER
NEC Nine Entertainment 1.88 2.2 4,563,754 -31.54 BEARISH CROSSOVER
AHY Asaleo Care 1.07 1.9 189,707 -35 BEARISH CROSSOVER
NAB National Australia Bank 25.15 1.4 5,203,248 -4.49 BEARISH CROSSOVER
FDV Frontier Digital Ventures 0.8 0.6 70,045 -21.43 BEARISH CROSSOVER
AUI Australian United Investment 9.82 0.6 27,191 -50 BEARISH CROSSOVER
STO Santos 8.25 0.6 3,420,267 -8.06 BEARISH CROSSOVER
PIC Perpetual Equity Investment 1.04 0.5 484,134 -3.85 BEARISH CROSSOVER