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Forex MPC “Donchian Channel” Trading Strategy


FREE DOWNLOAD – Simple MPC “Donchian Channel” Trading System and Strategy. Donchian Channels has a simple plotting of highest high and lowest low of the last “n” periods. The “n” periods is based on the trader’s choice, who can select the period according to their requirements ranging from a day, hour and minutes etc.

Traders use Donchian Channels to understand the support and resistance levels.

It’s a very simple calculation as compared to Fibonacci.

  • Time Frame: Any
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, AUDUSD, USDNZD, and USDCAD

 

MetaTrader Trading Indicators
  • MPC “Donchian Channel”
  • RSI

 

BUY Rules

Trading NOTES

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  • MPC “Donchian Channel”: Price breakOut the upper band of 20MPC and 10MPC
  • RSI line: Upward and above level 55 line

 

SELL Rules

  • MPC “Donchian Channel”: Price breakOut the upper band of 20MPC and 10MPC
  • RSI line: Upward and above level 55 line

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