EA based on Donchian Channel for H1 Chart

Expert Advisor based on Donchian Channel for MT 5

Settings:

HHLL Period = 20, Margins = 0 (see screenshot)

ADX Period = 14 (see screenshot)

SSTOC Period = 5, 3, 3 (see screenshot)

Time Period = H1

Buy & Sell Signals

HHLL: Higher high or lower lower will be generated (see screenshots). (Do not open a trade if lower high or higher low)

Filter:

Trade only if:

1.     ADX > 30 or < 20

2.1   SSTOC: K Period < 80 long trade

2.2   SSTOC: K Period > 20 short trade

Do not trade if:

1.       ADX 20 – 30

2.3   SSTOC: K Period > 80 long trade

2.4   SSTOC: K Period < 20 short trade

Stop & take profit

Trailing Stop: 50 points

Money Management

10 % of total capital per trade

Notice:

-          I need possibility to change settings of ADX, SSTOC, Trailing stop, period, market via settings for strategy tester.

-          Only 1 Position is open at the same time