Ethereum Donchian Price Action EA
- Uzmanlar
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Martin Jonathan Kleinbooi
I’m an algo trader and MQL5 developer dedicated to building robust, rules-based strategies for crypto and FX. My specialty is Ethereum (ETH) on higher timeframes—primarily D1—where noise is lower and signals carry more edge. I’m the creator of Donchian Confluence EA, a system that blends Donchian - Sürüm: 2.10
- Etkinleştirmeler: 5
Donchian Confluence EA for Ethereum
Multi-timeframe Donchian breakouts with smart Price Action filters (Engulfing + Fair Value Gaps), adaptive risk and clean execution — purpose-built for ETH, designed to run on the Daily (D1) timeframe.
— Why traders choose this EA —
• ETH-focused logic: tuned for the 24/7 nature and volatility structure of Ethereum markets (ETHUSD, ETHUSDT, broker suffixes supported).
• Confluence engine: classic Donchian breakout only fires when price action confirms — bullish/bearish Engulfing and Fair Value Gap (FVG) checks boost quality and avoid obvious traps.
• Daily timeframe edge: fewer, higher-quality trades; reduced noise; more robust to intraday manipulation.
• Multi-timeframe awareness: optional higher-timeframe trend filter and lower-timeframe PA scan for precision.
• No Martingale. No Grid. No Arbitrage: straightforward, risk-first execution with partials and trailing.
• Friendly to backtesting & forward-testing: deterministic signals and clear parameters.
— How it works (in plain English) —
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Detect the breakout: a Donchian channel close beyond the prior range forms the raw signal.
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Check context: optional higher-timeframe EMA trend must agree with the direction.
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Confirm with price action:
• Engulfing filter — if a recent opposite engulf printed, the trade is skipped; you can optionally require an aligned (same-direction) engulf as confluence.
• Fair Value Gaps — require a same-direction FVG near price and/or avoid taking trades into a nearby opposite FVG that often rejects price. -
Risk-aware entry: position size derives from account risk %, ATR-based SL distance, and broker tick value.
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Trade management: partial profits at configurable R-multiples, ATR + structure trailing, and a daily risk cap.
— Best market & timeframe —
• Symbols: ETHUSD / ETHUSDT (any broker mapping). The EA is symbol-agnostic but optimized for ETH.
• Timeframe to run: D1 (Daily) — recommended and used in internal testing.
• Session filters: crypto trades 24/7; session filters can remain off unless your broker pauses on weekends.
— What’s inside (strategy components) —
• Donchian Breakout Core — configurable channel length, confirmation bars, and minimum breakout strength.
• Trend Context — higher-timeframe EMA check (e.g., D1 or W1) to avoid counter-trend entries.
• Volatility & Momentum — ATR regime filter; ADX + DI for trend quality; adaptive RSI banding in strong trends.
• Price Action Filters —
◦ Engulfing: body-to-body engulf with minimum body ratio. Rejects entries after fresh opposite engulfs; optionally require an aligned engulf.
◦ Fair Value Gaps (FVG): three-candle imbalance detection with ATR-scaled minimum size. Require same-direction FVG near price and/or avoid opposite FVG within a user-set ATR distance.
• Risk & Money Management — fixed risk %, optional Kelly cap, daily risk ceiling, partials (two stages), ATR/structure trailing, position limits.
— Recommended presets for ETH on D1 —
• Attach the EA to: ETHUSD or ETHUSDT, timeframe D1.
• HTF_Trend: D1 (strict) or W1 (very conservative).
• MTF_Signal: H4 — scans engulf/FVG with more candles while D1 creates the trade signal.
• AvoidOppositeFVG: true (recommended).
• RequireFVGConfluence: optional (start false; turn on for maximum selectivity).
• BaseRiskPct: 1.0% (starter); MaxDailyRisk: 3–5% per tolerance.
• Exits: default SL 1.5×ATR and TP 2.5×ATR work well for ETH D1.
• Partials: 30% at 1.5R, 50% at 3R; trailing activates from 2.0R.
— Inputs & Parameters (grouped) —
Core Strategy
• DonchianPeriod — channel length (default 20).
• DonchianConfirm — extra bar confirmation (default 5).
• MinBreakoutStrength — minimum normalized breakout strength (0.3).
• RequireVolumeConfirm, VolumePeriod, VolumeMultiplier — optional volume gate.
Multi-Timeframe
• HTF_Trend — timeframe for trend EMA (D1/W1 recommended for ETH D1 trading).
• MTF_Signal — timeframe for PA scan (H4 recommended).
• EMA_Fast, EMA_Slow, EMA_HTF — EMA periods for trend/context.
Smart Filters
• UseVolatilityFilter, VolatilityPeriod, VolatilityThreshold — ATR regime check.
• UseMomentumFilter, MomentumPeriod — optional momentum gate.
• UseMarketStructure, StructurePeriod — swing-based structure reference.
Technical Filters
• UseAdvancedADX, ADX_Period, ADXMin, ADXTrending — trend quality and DI alignment.
• UseAdaptiveRSI, RSI_Period, RSI_Oversold, RSI_Overbought — adaptive RSI windowing.
Price Action (ETH-centric)
• UseEngulfFilter — enable engulfing logic.
• EngulfLookback — bars to look back on the PA TF (default 2).
• EngulfMinBodyRatio — body size ratio vs previous candle (default 1.0).
• RequireAlignedEngulf — demand same-direction engulf as confluence (optional).
• UseFVGFilter — enable FVG logic.
• FVGLookback — bars to scan on the PA TF (default 15).
• MinFVG_ATR_Mult — minimum FVG size as ATR multiple (default 0.20).
• RequireFVGConfluence — require same-direction FVG near price (optional).
• AvoidOppositeFVG — avoid entries into nearby opposite FVG (recommended ON for ETH D1).
• FVGMaxDistanceATR — how near is “near” (default 0.75 ATR).
Risk Management
• BaseRiskPct, MaxRiskPct — account risk per trade and cap.
• UseKellyCriterion, KellyFraction — optional Kelly-based adjustment (guard-railed).
• MaxPositionSize, MaxDailyRisk, MaxConcurrentTrades — portfolio safety rails.
Exit Management
• UsePartialProfits; PartialExit1_R / _Pct; PartialExit2_R / _Pct — two-stage partials by R-multiple.
• UseSmartTrailing, TrailingStart_R — ATR + structure trailing once in profit.
• UseStructureStops, MaxStopDistance — blend structure with ATR for protective stops.
Sessions & System
• UseSessionFilter, session hours — crypto is 24/7; leave off unless your broker restricts hours.
• AvoidNewsEvents — not typically required for ETH but available.
• Magic number, comment tag, logging, slippage, retries.
— Installation & first run —
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In MetaTrader 5, ensure your ETH symbol (e.g., ETHUSD) is visible and ticking.
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Open an ETHUSD D1 chart and drag the EA onto it. Allow algo trading.
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Apply the recommended presets above.
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Click OK. The EA evaluates on bar close and manages any open positions.
— Backtesting guide (ETH) —
• Mode: “Every tick based on real ticks” if your broker offers crypto tick history; otherwise 1-minute OHLC.
• Symbol: ETHUSD (or your broker’s mapping), timeframe D1.
• Costs: set realistic spread/commission for crypto (spread 5–25 ticks, commission per contract as per broker).
• Date range: at least 2–4 years to include multiple volatility regimes.
• Optimization: you may tune DonchianPeriod (15–55), FVG thresholds, and ATR multipliers — always keep out-of-sample data for validation.
— Tips specific to ETH —
• ETH often shows momentum continuation after daily breakouts, but strong opposite FVGs frequently reject price. Keeping AvoidOppositeFVG = true filters many fakeouts.
• Partials help lock in progress during extended volatility bursts.
• Broker weekend downtime can create synthetic gaps; trailing once the trade reaches 2.0R helps secure gains.
— FAQ —
Q: Can I run it on other coins or FX?
A: Yes. The logic is generic, but parameters are curated for ETH. For other assets, re-optimize Donchian/FVG thresholds.
Q: Does it open multiple trades?
A: It respects MaxConcurrentTrades and won’t open an opposite trade while one is active.
Q: Does it use Martingale or Grid?
A: No. Fixed-risk entries, ATR-based stops, partials, and trailing only.
Q: Minimum deposit?
A: Depends on broker contract size. Sizing is risk-based and will scale down to SYMBOL_VOLUME_MIN.
Q: Which brokers?
A: Any MT5 broker offering ETH with tradeable hours. Ensure tick size and tick value are correctly reported for the symbol.
— Changelog (highlights) —
• v2.10 — Added Engulfing & FVG filters (including opposite-FVG avoidance and near-price confluence), centralized PA pass before execution, improved logs, clarified ETH D1 presets.
— Support —
Questions or set-files? Message via the Market or author profile. Please include your broker symbol name (ETHUSD vs ETHUSDT) and timeframe.
— Risk Disclaimer —
Trading involves risk. Past performance does not guarantee future results. Crypto assets are highly volatile; use position sizing and daily risk limits. This product is not affiliated with or endorsed by Ethereum or the Ethereum Foundation.
