Donchian Sailor MT4

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.
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Donchian Sailor MT5
Mikael Paul Heinz Jean Beaufume
エキスパート
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).
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