Donchain Channel - expert for MetaTrader 4

"Donchain Channel" EA Trades when there is a retracement from "DONCHAIN CHANNEL" levels has Trailing Stop Loss &Take Profit works on all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you lose  a trade set:"IncreaseFactor=0"

Inputs

•  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
•  TP_In_Money- Take Profit In Money   (values: 10-100).
• Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
• TP_In_Percent- Take Profit In Percent (values: 10-100).
• ------------[Money Trailing Stop For Multiple Trades]----------------------
• Enable_Trailing-Enable_Trailing with money  (values:true/false).
• Take Profit In Money (in current currency) (values:25-100).
• Stop Loss In Money(in current currency) (values: 1-20).
• -----------------------------------------------------------------------------------
• BarsToCount= Bars To Count  (values: 1-20).
• Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
• tick=If "tick"=false-every tick\If "tick"=true -open prices  (values:true/false).
• Lots - Lots size (values: 0.01-1).
• Lots size Exponent  (values: 1.01-2).
• CandlesToRetrace=Num.Of Candles For Divergence (values: 1-20).
• IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
• Stop_Loss - Stop Loss (values: 30-500). /set value 600 for  Multiple Trades 
• MagicNumber - Magic number (values: 1-100000).
• TakeProfit - Take Profit (values: 50-200). /set value 600 for  Multiple Trades 
• FastMA - Fast Moving Average (values: 1-20).
• SlowMA - Slow Moving Average (values: 50-200).
•  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
•  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
• ---------------------CONTROL DRAW DOWN-----------------------------
• UseEquityStop -  (values: true).
• TotalEquityRisk- (values: 0.01-30).
• -----------------------------------------------------------------------------
• Max_Trades(1-12). 
• IF YOU USE ONLY 1 TRADE:
• //////////////////////////////////////////////////
• USETRAILINGSTOP-If use trailing stop (values:true/false).
• WHENTOTRAIL-When to trail (values: 40-100).
• TRAILAMOUNT-Trail amount (values: 40-100).
• Distance From Candle -Distance From Candle (values: 1-100).
• USECANDELTRAIL=If use candle  trailing stop (values:true/false).
• X=2-number of candles (values: 1-100).
• Enable "Break Even" -(values:true/false).
• When move "Break Even"- (values: 5-30).
• How much pips move- "Break Even" (values:5-30).
• ////////////////////////////////////////////////////
  

• You need to optimize this EA once  a month and use the exact same  inputs from above .

• How to perform back test:https://bit.ly/2CD7XWD