FXEA365 Crypto Trend Channel Donchian
- Indicators
-
Kenichiro Sakamoto
I'm Kenichiro Sakamoto, the developer behind FXEA365 — a studio building transparent, rule-based Expert Advisors for MetaTrader 5. - Version: 1.20
- Updated: 20 September 2026
FREE — the Donchian breakout channel, an SMA trend filter, and the ATR trailing stop that manages the trade, drawn together. Tuned for crypto majors (BTC, ETH).
100% free, no limitations. If it earns a place on your charts, a short review is the one thing that helps us most — it takes 30 seconds and it is what lets other traders find this tool.
Platform: MetaTrader 5 (this page). MetaTrader 4 edition: https://www.mql5.com/en/market/product/185645
Crypto trends in long, clean runs and then chops hard. A raw breakout indicator fires on both. This one only marks a breakout when it also agrees with a long-term SMA, which is how a crypto trend EA avoids buying into a fake break inside a range.
=== WHAT IT DRAWS ===
- The Donchian channel (upper and lower) over the last N closed bars.
- The trend SMA (default 200).
- Gold arrows where a bar CLOSED beyond the channel AND on the correct side of the SMA - the breakout a trend system would actually take.
=== NO REPAINTING ===
The channel and the SMA are read on closed bars, and the breakout is judged on the previous bar's close. Nothing is drawn from the forming bar, so an arrow never disappears later.
=== SETTINGS ===
- EntryChannel (default 20): Donchian length.
- TrendSMA (default 200): only breakouts in the SMA's direction are marked.
- Trail_ATR (default 4.0) and ATR_Period (default 14): reference trailing distance.
- LongOnly: mark only upward breakouts (common for crypto's up-bias).
Defaults are a BTC/ETH H4 configuration - a starting point, not a universal setting.
=== HONEST NOTE ===
A visualisation tool, not a signal service. Trend following on crypto has a win rate below 50%: many small losses, a few large winners that carry the result. It works when crypto trends and bleeds in ranges. Watch it on your instrument before trading the idea.
=== WHO THIS IS FOR / NOT FOR ===
Right fit: traders who already believe in crypto trend following and want to see where a filtered breakout actually fired, anyone who has been burned buying fake breaks inside a range, and anyone building or tuning a crypto trend system who needs the channel and the trailing stop on one chart.
Not a fit: scalpers and range traders, anyone who cannot sit through a losing streak — this idea wins under half its trades — and anyone expecting the defaults to work untouched on an altcoin or a lower timeframe.
=== 5-MINUTE CHART CHECK ===
1) Open BTCUSD or ETHUSD on H4, the configuration the defaults were built for.
2) Find a gold arrow and check both conditions by hand: the bar CLOSED beyond the channel, and price was on the correct side of the 200 SMA. Both must be true — that is what separates this from a raw breakout indicator.
3) Now find a bar that broke the channel but got no arrow. It should be one where the SMA disagreed. Those are the fake breaks the filter exists to remove.
4) Scroll back a few months and count. Most arrows lead nowhere and a few carry the entire result. If that distribution is not acceptable to you, this idea is not for you.
5) Switch to your own instrument and timeframe and re-fit EntryChannel and TrendSMA before drawing any conclusion. The defaults are a BTC/ETH H4 starting point, not a universal setting.
This is a visualisation tool, not a signal service. Watch it on your instrument before trading the idea.
More free tools from us (FXEA365):
- Donchian Trend Engine (EA): https://www.mql5.com/en/market/product/185534
- Donchian ATR Trailing Stop (indicator): https://www.mql5.com/en/market/product/185547
- Pivot Trend ZigZag Swing (indicator): https://www.mql5.com/en/market/product/185643
- Dip Buyer Zones RSI Pullback (indicator): https://www.mql5.com/en/market/product/185644
- Volatility Squeeze BB Keltner (indicator): https://www.mql5.com/en/market/product/187032
- Currency Strength Meter 8 Majors (indicator): https://www.mql5.com/en/market/product/190005
All our products: https://www.mql5.com/en/users/app.develop.sk/seller
=== IF YOU WANT THIS AS AN AUTOMATED SYSTEM ===
Trend following works best when the higher timeframe agrees and every trade has a defined exit. These are the paid EAs where we apply that discipline to gold, with the test conditions published on each page:
- Gold Neuron (XAUUSD, MetaTrader 5 only): https://www.mql5.com/en/market/product/187329
Four rule-based decision engines in one EA: a trend core, a momentum breakout, a gradient-boosting entry gate and an M15 Donchian breakout. No martingale, but two engines add same-size positions against the market, closed by the EA's group stop. Backtest of the current v3.15 build (XM real ticks, Ultra = default, 2022.01-2026.08): profit factor 1.22, maximum equity drawdown 27.68%, 611 trades. Long window 2004.01-2026.07 (100% real ticks, two core engines only): Standard mode profit factor 1.34, maximum equity drawdown 29.49%.
Every EA above has a free demo. Run it in the Strategy Tester with the settings listed at the top of its page before you decide. These are backtest figures, not live trading results, and they do not guarantee future performance.
If this tool is useful in your trading, a short review on this page would help, good or bad, including anything you would like improved. It helps other traders decide and tells us what to fix next.
100% free, no limitations. If it earns a place on your charts, a short review is the one thing that helps us most — it takes 30 seconds and it is what lets other traders find this tool.
Platform: MetaTrader 5 (this page). MetaTrader 4 edition: https://www.mql5.com/en/market/product/185645
Crypto trends in long, clean runs and then chops hard. A raw breakout indicator fires on both. This one only marks a breakout when it also agrees with a long-term SMA, which is how a crypto trend EA avoids buying into a fake break inside a range.
=== WHAT IT DRAWS ===
- The Donchian channel (upper and lower) over the last N closed bars.
- The trend SMA (default 200).
- Gold arrows where a bar CLOSED beyond the channel AND on the correct side of the SMA - the breakout a trend system would actually take.
=== NO REPAINTING ===
The channel and the SMA are read on closed bars, and the breakout is judged on the previous bar's close. Nothing is drawn from the forming bar, so an arrow never disappears later.
=== SETTINGS ===
- EntryChannel (default 20): Donchian length.
- TrendSMA (default 200): only breakouts in the SMA's direction are marked.
- Trail_ATR (default 4.0) and ATR_Period (default 14): reference trailing distance.
- LongOnly: mark only upward breakouts (common for crypto's up-bias).
Defaults are a BTC/ETH H4 configuration - a starting point, not a universal setting.
=== HONEST NOTE ===
A visualisation tool, not a signal service. Trend following on crypto has a win rate below 50%: many small losses, a few large winners that carry the result. It works when crypto trends and bleeds in ranges. Watch it on your instrument before trading the idea.
=== WHO THIS IS FOR / NOT FOR ===
Right fit: traders who already believe in crypto trend following and want to see where a filtered breakout actually fired, anyone who has been burned buying fake breaks inside a range, and anyone building or tuning a crypto trend system who needs the channel and the trailing stop on one chart.
Not a fit: scalpers and range traders, anyone who cannot sit through a losing streak — this idea wins under half its trades — and anyone expecting the defaults to work untouched on an altcoin or a lower timeframe.
=== 5-MINUTE CHART CHECK ===
1) Open BTCUSD or ETHUSD on H4, the configuration the defaults were built for.
2) Find a gold arrow and check both conditions by hand: the bar CLOSED beyond the channel, and price was on the correct side of the 200 SMA. Both must be true — that is what separates this from a raw breakout indicator.
3) Now find a bar that broke the channel but got no arrow. It should be one where the SMA disagreed. Those are the fake breaks the filter exists to remove.
4) Scroll back a few months and count. Most arrows lead nowhere and a few carry the entire result. If that distribution is not acceptable to you, this idea is not for you.
5) Switch to your own instrument and timeframe and re-fit EntryChannel and TrendSMA before drawing any conclusion. The defaults are a BTC/ETH H4 starting point, not a universal setting.
This is a visualisation tool, not a signal service. Watch it on your instrument before trading the idea.
More free tools from us (FXEA365):
- Donchian Trend Engine (EA): https://www.mql5.com/en/market/product/185534
- Donchian ATR Trailing Stop (indicator): https://www.mql5.com/en/market/product/185547
- Pivot Trend ZigZag Swing (indicator): https://www.mql5.com/en/market/product/185643
- Dip Buyer Zones RSI Pullback (indicator): https://www.mql5.com/en/market/product/185644
- Volatility Squeeze BB Keltner (indicator): https://www.mql5.com/en/market/product/187032
- Currency Strength Meter 8 Majors (indicator): https://www.mql5.com/en/market/product/190005
All our products: https://www.mql5.com/en/users/app.develop.sk/seller
=== IF YOU WANT THIS AS AN AUTOMATED SYSTEM ===
Trend following works best when the higher timeframe agrees and every trade has a defined exit. These are the paid EAs where we apply that discipline to gold, with the test conditions published on each page:
- Gold Neuron (XAUUSD, MetaTrader 5 only): https://www.mql5.com/en/market/product/187329
Four rule-based decision engines in one EA: a trend core, a momentum breakout, a gradient-boosting entry gate and an M15 Donchian breakout. No martingale, but two engines add same-size positions against the market, closed by the EA's group stop. Backtest of the current v3.15 build (XM real ticks, Ultra = default, 2022.01-2026.08): profit factor 1.22, maximum equity drawdown 27.68%, 611 trades. Long window 2004.01-2026.07 (100% real ticks, two core engines only): Standard mode profit factor 1.34, maximum equity drawdown 29.49%.
Every EA above has a free demo. Run it in the Strategy Tester with the settings listed at the top of its page before you decide. These are backtest figures, not live trading results, and they do not guarantee future performance.
If this tool is useful in your trading, a short review on this page would help, good or bad, including anything you would like improved. It helps other traders decide and tells us what to fix next.
