Donchian Sailor MT5
- Experts
- Versione: 1.10
- Attivazioni: 5
Donchian Sailor EA trades breakouts of the Donchian Channel on the pair of the chart to which it is attached. To trade multiple pairs, attach the EA to each chart.
The “points” units correspond to the broker’s points (on a 5-digit broker: 10 points = 1 pip).
Main Settings :
Entry signal (indicator Donchian)
| Parameter | Defaut | Unit | Function |
|---|---|---|---|
| Signal timeframe | 4 hours | - | Timeframe used for the channel. Independent of the chart timeframe: set manually (e.g., H4 or D1 for a less aggressive approach). |
| Entry Donchian | 20 | candles | Buy if the last closed candle closes above the high of the previous N candles; sell if it closes below the low. One signal per candle. |
| No grid: exit on breakout | 10 | candles | No-grid mode only: close the position if the price breaks out of the opposite channel over M candles. 0 = disabled. |
Trading mode
| Parameter | Defaut | Unit | Function |
|---|---|---|---|
| Grid mode | true | - | true = grid mode (adds positions using a martingale approach if the price moves against the position). false = one position per pair (recommended with Donchian). |
| NoGrid: SL per posi on | 200 | points | Stop loss per position in no-grid mode. 200 points = 20 pips on a 5-digit broker. 0 = no SL. |
| TP in PIPS | 10 | pips | Take profit from the average price (automatically converted according to the broker’s digits). 0 = no TP. |
| Grid distance | 35 | pips | Grid opening distance in pips. |
| Lot sequence | 1;1;2;4;8;12.80;20.48;32.77;52.43 | multiplier | Lot multiplier used for grid entries. |
| Starting lot size | 0.02 | Starting lot size. | |
| Max number of levels | 8 | Maximum number of grid levels. | |
| Max number of open positions | 9 | Maximum number of open positions per pair. | |
| Global SL | 50 | % | Stop loss as a percentage of equity. |
| Spread filter | 20 | Spread filter | |
| Maximum allowed slippage | 20 | Maximum allowed slippage | |
| Enable trailing stop | false | - | Enables or disables the trailing stop. |
| Trailing Start in points | 200 | points | Profit level (from the average price) required to trigger the trailing stop. |
| Trailing Step in points | 100 | points | Stop distance behind the price once triggered. The stop follows the price and never moves backward. |
News filter (add the URL https://ec.forexprostools.com in MetaTrader options)
| parameter | Defaut | Unit | function |
|---|---|---|---|
| Enable news filter | true | Enable or disable the news filter. | |
| Monitored currencies | AUD,CAD,NZD,USD | Add the currencies to monitor, separated by commas. | |
| Stop EA | 60 | minutes | Stop the EA xx minutes before a news event. |
| Resume EA | 60 | minutes | Restart the EA xx minutes a er a news event. |
| Calendar refresh | 300 | seconds | Refresh the news calendar every xx seconds. |
| Broker server GMT offset | 1 | hour | Adjust the broker’s time zone relative to GMT. |
