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Exp_Donchian_Channels_System - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 14
2016.10.10 14:43
2016.11.22 07:32

Trading system based on Donchian_Channels_System indicator signals. The signal is formed when a bar is closing if there has been the occurrence of a colored bar, and the previous bar had the opposite color or no color at all.

This Expert Advisor requires the compiled indicator file Donchian_Channels_System.ex5 in order to run. Place it to <terminal_data_folder>\MQL5\Indicators.

Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.

Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig. 1. The instances of history of deals on the chart.

Fig. 1. The instances of history of deals on the chart.

Testing results for 2015 on GBPJPY H4:

Fig. 2. Testing results chart

Fig. 2. Testing results chart

Translated from Russian by MetaQuotes Software Corp.
Original code:

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