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High Accuracy Forex “M30 – H1 Time Frame Chart” Donchian Channel Trailing Stop System


Maximum Profit System “Forex “M30 – H1 Time Frame Chart” Donchian Channel Trailing Stop System“. This Donchian Channel system is a useful tool for seeing the volatility of a market price.

The Donchian Channel Trailing Stop is a custom money management strategy that adjusts an existing stop or creates a new stop (if none exists) based on the Donchian Channel upper and lower band levels.

  • Time Frame: M30 and H1
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, AUDUSD, and USDCAD

 

MetaTrader Trading Indicators
  • Donchian Channel (21)
  • Donchian Channel (10)
  • Trend Momentum
  • Commodity Channel Index

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR

  • Trend Momentum: blue histogram
  • Commodity Channel Index: line above 50 level
  • Donchian Channel (21): Price break the upper channel of the Donchian Channel (21) indicator
  • Donchian Channel (10): The trailing stop tool

 

BUY Rules


  • Trend Momentum: blue histogram
  • Commodity Channel Index: line above 50 level
  • Donchian Channel (21): Price break the upper channel of the Donchian Channel (21) indicator
  • Donchian Channel (10): The trailing stop tool

 

SELL Rules

  • Trend Momentum: red histogram
  • Commodity Channel Index: line below -50 level
  • Donchian Channel (21): Price break the lower channel of the Donchian Channel (21) indicator
  • Donchian Channel (10): The trailing stop tool

 

Trading NOTES

What’s simple about the Donchian channel strategy is that the strategy can be applied to any market and ideally on the 1-hour chart which can help day traders to make some decent profits.

The Donchian channel based trend trading system works on the simple concept of letting the winners run. The stops are usually small compared to the profit potential that one can realize using this trading strategy.

DOWNLOAD TRADING SYSTEM


READ  H4 & Daily Time Frame Forex King STS 2 Commodity Channel Index System

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