Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Experts

DONCHAIN CHANNEL - expert for MetaTrader 4

Aharon Tzadik | English Español Português 日本語 Deutsch

Views:
1602
Rating:
votes: 4
Published:
2018.09.13 19:11
Updated:
2018.10.16 22:57

"DONCHAIN CHANNEL" EA Trades when there is a retracement from "DONCHAIN CHANNEL" levels.

This EA can trade with all currency pairs and on all time frames.

Try it on demo first.

This EA trades only with the price of open candle!

Inputs


  • BarsToCount -How much bars to wait for channel (values: 5-40).
  • USEMOVETOBREAKEVEN - Enable "no loss" break even system (values: 0-1).
  • WHENTOMOVETOBE - When to move break even (values: 10-100).
  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
  • Lots - Lots size (values: 0.01-10).
  • MaximumRisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop - Trailing Stop (values: 10-100).
  • Stop_Loss - Stop Loss (values: 10-100).
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 10-100).
  • FastMA - Fast Moving Average (values: 1-20).
  • SlowMA - Slow Moving Average (values: 50-200).
  •  Distance-Distance between two averages (values: 10-60).
  •  Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5.


Donchain channel

Links to more efficient versions in the Market:

BOLINGER BAND SQUEEZE BOLINGER BAND SQUEEZE

"BOLINGER BAND SQUEEZE" EA Trades when there is an expansion after contraction of bollinger bands.

PINBAR PINBAR

"PINBAR" EA Trades when there is a PINBAR pattern.

PULL BACK PULL BACK

"PULL BACK" EA Trades when there is a pull back from the trend of 2 Moving Averages.

ICHIMOKU RETRACEMENT ICHIMOKU RETRACEMENT

"ICHIMOKU" EA Trades when there is a retracement from "ICHIMOKU" levels.