Donchian Mean Reversion
- Experts
-
Gabriel Quiros Mourente
I am a Naval Officer from the Spanish Navy, now living in Colombia. I have a master degree in Operations Research and now I´m in the duty of creating algorithmic trading systems to navigate the financial markets.
Live Signals coming soon. - Versione: 1.9
- Attivazioni: 5
Donchian Mean Reversion EA
A mean-reversion Expert Advisor built on the Donchian Channel combined with an RSI filter. The system detects channel breakouts occurring alongside overbought/oversold conditions and trades the expected pullback toward the channel midpoint.
Key Features:
- Optimized for Forex pairs and Gold
- Entries via pending orders (Buy Stop / Sell Stop) with ATR-based order distance
- Dynamic take profit at the Donchian channel midpoint
- ATR-based stop loss and trailing stop
- Configurable money management: fixed lot size or percentage of balance/equity/free margin
- Trading session time filter with automatic order closure outside the active window
- Maximum spread control and automatic margin verification before sending each order
- Automatic price normalization to the symbol's tick size, preventing "invalid price" errors
Recommended for: traders looking for a systematic mean-reversion approach with built-in risk management and protection against unfavorable market conditions (wide spreads, insufficient margin).
Disclaimer: Past performance is not indicative of future results. Trading Forex, CFDs, and other leveraged financial instruments carries a high level of risk and may not be suitable for all investors. This product is provided for informational purposes only and does not constitute financial or investment advice. Before using this EA on a live account, it is strongly recommended to test it thoroughly on a demo account and adjust the settings to your own risk tolerance and trading objectives. The developer is not responsible for any financial losses incurred through the use of this product.
