The “Donchian Channel Trend-Range Trading System” is a forex strategy based on the Donchian Channel indicator. It’s a very easy, simple, and profitable trend-range trading system.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: 15 min or higher
- Financial Markets: Forex, CFD, Futures, Indices
MetaTrader Trading Indicators
- Donchian Bands
- IIN WMA Arrows
- Non Lag MA
- Parabolic SAR
- FS30 Histogram
- MACD Alert
BUY Rules
- Candle close above the middle band of the Donchian Bands indicator
- In Marrows BUY arrow
- Parabolic SAR below the arrow
- Histogram blue bar
- MACD alert blue line
- Non lag MA green line
SELL Rules
- Candle close below the middle band of the Donchian Bands indicator
- In Marrows SELL arrow
- Parabolic SAR above the arrow
- Histogram red bar
- MACD alert red line
- Non lag MA red line
Trading NOTES
- Exit position is discretionary and depends by time frame and currency pairs
- This forex system is very flexible for more interpretations
- Initial stop loss on the previous swing.