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Donchian Scalper EA MT4

3.67

The Donchian Scalper EA is a fully automated Expert Advisor that trades based on the Donchian indicator. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Risk Money Management
  • Always a stop loss in place
  • Hedge accounts only
  • This system has the option to be NFA/FIFO compliant
  • Optional News FIlter
  • All you need is a VPS

Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of fixed lots per trade if money management is off. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • AllowNewTrades - Turn this of to disable new trades, true/false.
  • AccountProfitLock - If money management is on the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • NFA_FIFOCompliant - Turn this on if you need this to be NFA and FIFO compliant, true/false.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • Trend1TimeFrame - Timeframe drop-down selection for the first trend detection.
  • Trend2TimeFrame - Timeframe drop-down selection for the second trend detection.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • DonchianPeriod - The period used for the Donchian indicator. Values from 5 to 40.
  • TakeProfit - The take profit (Setting to 0 disables). Values from 2 to 10 depending on the pair being traded.
  • StopLoss - The fixed stop loss visible to the broker - Values 25 to 200 depending on the pair being traded.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.

Optimization & Defaults

Default input values are for USDJPY M5. If optimizing, optimization of DonchianPeriod, TakeProfit, StopLoss,AveragingStep and AveragingMultiplier are needed to find the best results.

Comentários 4
Andurilfinance
29
Andurilfinance 2024.01.25 07:45 
 

Extremely Effective EA. The Martingale aspect is a little risky, however it does work well.

9006813
14
9006813 2024.06.30 11:51 
 

Really effective EA. Ive used for a week now and everything is profittable so far.

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ONLY 3 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2258186 Gold Trading AI is an EA that uses artificial intelligence technology to analyze data of many indicators. From there, EA will have the best option to enter orders. The biggest difference of Gold Trading AI is that the EA can control the Risk:Reward ratio much better than other EAs.That is possible thanks to a set of tools to control entry
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Filtro:
9006813
14
9006813 2024.06.30 11:51 
 

Really effective EA. Ive used for a week now and everything is profittable so far.

Rihanna2.1
24
Rihanna2.1 2024.06.22 12:50 
 

O Donchian Scalper EA para MT4 tem sido uma decepção significativa em termos de desempenho financeiro. Embora promova a utilização de estratégias conhecidas no mercado, na prática, ele não consegue gerar lucros consistentes. O algoritmo parece ser ineficaz em diversas condições de mercado, resultando em perdas frequentes que acabam por corroer o capital investido. A falta de adaptabilidade e a incapacidade de ajustar-se a diferentes cenários de volatilidade tornam este EA uma escolha insatisfatória para traders que buscam ganhos sustentáveis. Em resumo, o Donchian Scalper EA não cumpre suas promessas e falha em entregar os resultados esperados, prejudicando a rentabilidade dos investidores.

agrushev777
2328
agrushev777 2024.02.19 19:15 
 

O usuário não deixou nenhum comentário para sua avaliação

Andurilfinance
29
Andurilfinance 2024.01.25 07:45 
 

Extremely Effective EA. The Martingale aspect is a little risky, however it does work well.

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Versão 1.10 2019.07.09
Fixed lower account balance than StartLotBalance causing AveragingMultiplier not to function.
Versão 1.9 2019.07.08
Added initialisation for new start lot balance calculations.
Versão 1.8 2019.07.07
Improved StartLotBalance calculations. Added news filter.
Versão 1.7 2019.01.02
Added PositionComment, CloseAllButtons, TakeProfitStaging and BreakEvenExit options.
Versão 1.6 2018.10.17
Added StartLotBasedOnBalance & StartLotBalance options to allow start lot multipled by account size.
Versão 1.4 2018.10.01
Added AveragingStart option which improves performance and lowers account balance requirements.
Versão 1.3 2018.09.25
Added custom tick value calculation.
Versão 1.2 2018.08.26
Minor bug fix.