Donchian Single Shot Breakout EA

Donchian Single Shot – Breakout EA

Donchian Single Shot is an automated Expert Advisor (Trading Robot) for MetaTrader 5 (MT5) specifically designed to capture trend breakout opportunities with high precision. By combining the classic Donchian Channel indicator with additional filters such as a Moving Average Trend Filter and an ADX / Volume Strength Filter, this EA is engineered to minimize fake breakouts and only take high-probability entries.

This EA also features an interactive, modern UI Dashboard built directly onto the chart, making it easy to monitor market status, filter conditions, and position performance in real-time.

🌟 Key Advantages

• Dual Trend & Market Strength Filtering: Goes beyond simple channel breakouts by incorporating an MA trend filter and an ADX/Volume strength filter to filter out false signals.

• Smart Risk Management: Equipped with an Auto-Lot feature based on account balance risk percentage, alongside customizable Stop Loss and Take Profit protections.

• Dynamic Trailing Stop: Automatically secures profits as the market moves in favor of your open position.

• Built-in Dashboard UI: An elegant visual interface right on the terminal screen to track spreads, trend status, strength values, and total profit/loss.

• Single Shot Logic: Opens only one position per breakout cycle to prevent high-risk over-trading or dangerous grid/martingale systems.

⚙️ Features & Technical Specifications

• Strategy: Donchian Channel Breakout + Trend Filter + Strength Filter.

• Platform: MetaTrader 5 (MQL5).

• Risk Management: Fixed Lot or Auto-Lot (Risk Percentage).

• Trailing Stop: Available with flexible Start and Step configurations.

📌 Recommended Usage

• Timeframe: H1 (Highly recommended for capturing medium-term trends) or M30 .

• Forex Pairs: Major pairs with high liquidity and low spreads (e.g., EURUSD , GBPUSD , USDJPY , XAUUSD / Gold).

• Recommended Capital (Deposit):

  • Standard Account: Minimum $500 - $1,000 (using the smallest lot size of 0.01 with a 1% risk).

  • Cent / Micro Account: Minimum $50 (equivalent to 5,000 cents) to ensure Auto-Lot calculations and margin safety against margin calls.

🎛️ Input Parameters

TRADING CONFIGURATION

• Use Auto-Lot (True/False): Enables automatic lot size calculation based on account risk ( true ) or uses a fixed manual lot ( false ).

• Manual Lot Size: Fixed lot size if Auto-Lot is disabled.

• Risk per Trade (%): Risk percentage of the account balance risked per trade (if Auto-Lot is active).

• Magic Number: Unique identifying number to distinguish EA orders from manual trades or other EAs.

RISK MANAGEMENT

• Stop Loss (in pips): Stop Loss distance from the entry price (0 = Off). Default: 1500 pips (150 pips on 5-digit brokers).

• Take Profit (in pips): Take Profit distance from the entry price (0 = Off). Default: 1500 pips.

• Use a Trailing Stop: Enables the Trailing Stop feature ( true / false ).

• Start Trailing (Pips Profit): Minimum profit in pips before the Trailing Stop activates.

• Trailing Step Distance (Pips): Step distance for moving the Trailing Stop.

TREND FILTER

• Activate Trend Filter: Activates the main trend direction filter ( true / false ).

• Timeframe: Timeframe used to read the trend (can be adjusted, e.g., PERIOD_CURRENT ).

• Moving Average Period: Moving Average indicator period for trend filtering. Default: 200 .

• MA Method: Moving Average calculation method (e.g., MODE_EMA ).

TREND STRENGTH FILTER

• Channel Period: Donchian Channel period to determine upper and lower breakout boundaries. Default: 20 .

• Strength Power Filter: Activates the trend strength filter ( true / false ).

• Use ADX (True) / Volume (False): Selects the strength indicator ( true uses ADX, false uses Volume).

• ADX period: ADX indicator calculation period. Default: 14 .

• Minimum ADX (Trend Strength): Minimum ADX value required for a trend to be considered strong. Default: 20 .

• MA Volume Period: Volume moving average period (if using the Volume filter). Default: 20 .

• Min. Volume Ratio (Vol / MA Vol): Comparison ratio of breakout volume to average volume. Default: 1.0 .

⚠️ DISCLAIMER (Risk Warning)

Trading financial instruments (Forex, Commodities, Cryptocurrencies) using an Expert Advisor involves a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Ensure you fully understand the risks involved and perform thorough testing (backtesting/forward testing) on a demo account before using it on a live account. The author/developer assumes no responsibility for any financial losses incurred through the use of this trading software.