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- Publié:
- 2010.11.18 16:31
- Mise à jour:
- 2016.11.22 07:32
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Author:
Gopal Krishan Doda
This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator. I've modified it after removing 2 lines. The result is a single line, making a simple but one of the powerful indicator.
Buy: When price closes above Doda-Donchian line
Sell: When price closes below Doda-Donchian line
Stop-loss: Few pips away from Doda-Donchian line.
Works with any currency pair, CFD etc.
Recommendations:
- Use higher time frame like H4. It works best there.
- It happens many times that price kisses Doda-Donchian line, so it may triggers your stop-loss. So, place your stop loss few pips above / below this line.
- Even if price moves above or below, that does not make any sense for change of signals. The candle MUST close above / below for confirmation.
Wilder's Volaility System
Wilder's Volaility System
Metatrader shortcuts extensions (Emilio Shortcuts) :)
with some shortcuts i can operate with multiple objects very quickly, this script change the size, the color of line
VivaLasVegas
Betting Strategies Simulator
STP-Entry Framework Daily V1
Stop-Orders are used to enter a position. Pending orders and postions are handled based on a daily system. Risk and money management are included as well as time and dayfilters. The entry logik (STP-value calculation) can be easily changed.