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Donchian Trader

Donchian Trader is a Multi Index, Auto Timeframe, Expert Advisor. It features a Donchian Channel strategy for different indices on the daily timeframe. Donchian Trader will monitor trades and adjust to market conditions.

Donchian Trader is a multi index EA, For now, it will trade the Dow Jones (US30), S&P 500 (US500) and DAX (GER30). Also, Donchian Trader is auto timeframe. Just drop the EA on any chart and start trading. Only one chart is needed, Donchian Trader will trade the indices you pick from the settings. You can monitor your progress with the status monitor on-screen.

Strategy

The current Donchian Channel strategy is developed for the current market conditions. Backtesting the strategy can be done for all indices and all history available.

Please take note. The strategy is for D1 and will only open long trades. The strategy will only trade a few times per year.

Quick Start

Drop Donchian Trader on any chart of any timeframe, set the 'Trade ONLY Current Symbol H1?' to false, and finally set your risk preference and run it. You just need Donchian Trader on one chart only.

Settings

To keep things simple, Donchian Trader has only a few simple settings

  • Magic number - Set to the number you like, or leave as it is.
  • Order comment - Set to the custom comment you want for your trades.
  • Show info panel? - Set to true to show the info panel with status monitor on your chart.
  • Show results for - Pick today, this week, this month or this year for the results in the info panel.
  • Fixed lot size - Set to the lot size you want to use.
  • Use risk based lot sizing? - Set to true if you want your lot size to depend on your balance.
  • Risk percent of account - Set to the factor depending on you balance and leverage, default is good for medium risk.
  • Stack trades? - Set to true to apply the logic of the last trades to all open trades of the index. This more than double profitability but does the same to drawdown. When false all trades have their own logic.
  • Trade ONLY Current Symbol H1? - Set to true to trade symbol of the chart the EA is on, this is only for test purposes. Set this to false for live trading!
  • Trade US30 D1? - Set to true to trade this index.
  • Symbol name if not US30 - Enter the symbol name your broker has for US30
  • Trade US500 D1? - Set to true to trade this index.
  • Symbol name if not US500 - Enter the symbol name your broker has for US500
  • Trade GER30 D1? - Set to true to trade this index.
  • Symbol name if not GER30 - Enter the symbol name your broker has for GER30

Free Demo

Donchian Trader will work in the Strategy Tester. However, only the symbol/index selected in the Strategy Tester is detected. This is a limitation of the Strategy Tester. Keep in mind that all strategies are developed, tested and validated for the current market conditions. That in mind, all strategies will survive a full history backtest on tickdata.


Odds & Ends

  • Donchian Trader is not resource hungry. If issues arise, disable the info panel.
  • When backtesting in visual mode, please consider disabling the status monitor to speed things up.
  • You can delete pendings, close trades and adjust any stop loss or even add a take profit for any trade. It will not bother Donchian Trader.


Thank you

Do not hesitate to contact me. Let me know what you think of Donchian Trader. Only with your help, I can create better tools for MetaTrader 4.


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5 (1)
Descrizione di Aurum Apex EA Aurum Apex EA è un potente strumento di trading automatico al 100% progettato per la piattaforma MT4. Analizza il mercato in tempo reale e rileva varie opportunità di trading. Adatto a tutti i livelli di trader, Aurum Apex EA offre tre modalità di rischio regolabili tramite il parametro di Rischio: Rischio = 0.1 (Basso Rischio): Ideale per i nuovi trader poco familiari con i movimenti dell'oro. Questa impostazione minimizza le sorprese mentre aumenta la fiducia. Ris
XG Gold Robot MT4
Marzena Maria Szmit
4.48 (25)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Indicement MT4
Profalgo Limited
5 (2)
Benvenuti a Indicement! PROP FIRM PRONTO! -> scarica i file del set   qui PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offerta Combo Ultimate     ->     clicca qui UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   LIVE SIGNAL INDICEMENT   mette a frutto i miei 15 anni di esperienza nella creazione di algoritmi di trading professionali per i mercati degli indici. L'EA utilizza un algori
Ai Hybrid Robot MT4
Mansour Babasafary
Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
Trend Line PRO EA mt4
Evgenii Aksenov
4.7 (43)
The Expert Advisor trades on the signals of the Trend Line PRO indicator. Orders are managed automatically. The EA has a Recovery function that increases the order size if the previous trade was closed with a loss. You can use from 1 to 3 orders at the same time. The Expert Advisor fully complies with the indicator signals and FIFO rules, does not use the grid function, which allows you to start trading with a minimum deposit of $100 The EA has a mobile trading panel for managing auto-trading f
Forex trading bot ai è un robot basato sull'intelligenza artificiale con capacità di autoapprendimento. Questo robot avvia le sue prime operazioni in base ai parametri di input specificati nelle impostazioni. Ogni operazione eseguita dal robot viene registrata in un file (memorizzata). Successivamente, il robot analizza tutte le operazioni chiuse e le condizioni in cui sono state chiuse. Se il profitto complessivo delle operazioni chiuse è negativo, il robot esamina i parametri con cui sono stat
Diamond Titan FX MT4
Lo Thi Mai Loan
5 (6)
Bonjour, je suis Diamond Titan FX. Cet EA est spécialement conçu pour les paires US30. L'EA n'utilise aucune stratégie à risque comme Martingale ou Grid. Par défaut, l'EA fixe un SL fixe de 50 pips pour chaque trade, mais vous pouvez le modifier si vous le souhaitez. L'EA met également en œuvre un trailing stop qui sécurise les profits à partir de 10 pips, que vous pouvez également ajuster. Il dispose d'une fonction de gestion du drawdown pour l'ensemble du compte. L'EA inclut une option de fil
Bitcoin Expert
Elif Kaya
5 (1)
-   Real price is 1000$   - Limited Discount (It is now 299$) Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Gold Trade Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam It is fully focused on exploiting the volatility of the Bitcoin market by trading the breakouts of support and resistance levels with  many AI conditions to find best position trades. The focus of the EA lies on safety, whi
MT5 version -  https://www.mql5.com/en/market/product/124990 Monitoring of real trading Advisor -    https://www.mql5.com/en/signals/2264971 My other products      -      click here Keep in mind that the results on different brokers may differ, I recommend testing on your broker before using it (you can ask me for a list of recommended brokers in the PM). If you have any additional questions, write to me in the PM. A fully automatic Expert Advisor that does not require additional settings, I re
CyBRG RX Mt4
Arseny Potyekhin
5 (3)
Presentazione di CyBRG RX: L'assistente di trading di nuova generazione Entra nel futuro del trading con CyBRG RX, il tuo compagno di trading all'avanguardia progettato per migliorare la tua esperienza di trading. Sfruttando la potenza delle reti neurali avanzate, CyBRG RX è progettato per analizzare e adattarsi alle condizioni di mercato in continua evoluzione con una precisione senza pari. Segnali:   Segnale dal vivo 1 Segnale dal vivo 2 Poiché questa strategia è così unica, voglio v
Altri dall’autore
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
Riskscope
Paul Geirnaerdt
Riskscope shows all relevant information about your trades on screen. Information on Stop Loss and Take Profit can be shown as price, pips or exposure. Besides, Riskscope can display a high- and low-watermark of the total of your basket of trades. Settings Riskscope's default settings are good enough most of the time. Nearly all of them are fairly standard. Here are the ones that need some explanation. Monospaced font - set this to the (name of) the font you want to use. A monospaced font looks
TMA Currency Meter
Paul Geirnaerdt
4.14 (7)
TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
Fractalicious
Paul Geirnaerdt
Fractalicious shows Fractals of any length, higher or lower highs and lower of higher lows, the fractal channel and the breakout of the channel. Fractals are an important trend and price action pattern. Fractalicious can be used on any timeframe and symbol. Settings Fractalicious default settings are good enough most of the time. Feel free to fine tune them to your needs. Show last fractal - Set to true to show fractals from the last completed bar. (This could move the fractal if the current b
Monster Harmonic Indicator
Paul Geirnaerdt
4.59 (29)
Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone). Users can add their own user defined patterns to Monster. Besides the current pattern, Monster also shows all patterns in the symbols history. Monster will provide alerts for developing patterns. Introduced
Pivots
Paul Geirnaerdt
Pivots is an indicator to show pivots for relevant time frames. Besides the pivots the indicator can also show daly open line, the resistance and support levels, the ADR Fibonacci levels and the order of the pivots. Pivots includes an intelligent algorithm to eliminate Sunday candles, but only if your broker provides those. Pivots are significant price levels that may serve as support, resistance or breakout levels Settings textFont - font to use for the labels. textSize - font size. textColor -
Inside Bars
Paul Geirnaerdt
The Inside Bars indicator shows Inside Bars, the Breakout Zone and Breakouts thereof. Inside Bars are an important price action pattern. The price action of an Inside Bar is completely covered by the price action of the previous bar. Inside Bars are most often used on higher timeframes. Settings Inside Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. ATR factor to skip large candles - very large candles should be filtered as they often cover othe
Candle Patterns
Paul Geirnaerdt
5 (2)
The Candle Patterns indicator shows popular candle patterns on the chart. The possible patterns are Inside Bar, Large Wick, Engulfing, Marubozu, Hammer, Shooting Star, Three White Soldiers and Three Black Crows. Candles are colored to easily identify the patterns. Also, a point and click function displays the pattern found. Settings Message box - when a candle is clicked, the pattern identified will be shown in a Message Box on the charts. All 'Message Box' settings pertain to the box. Show In
Better Support Resistance
Paul Geirnaerdt
4.4 (5)
Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone. Better Support & Resistance gives you the best overview of the important price levels. Settings Better Support & Resistance's default settings are good enough most of the time.
The Engulfing Bars indicator shows Engulfing Bars, the signal and the suggested stoploss and take profit. Engulfing Bars are an important price action pattern. The price action of an Engulfing Bar completely covers the price action of the previous bar. Engulfing Bars are most often used on higher timeframes. Settings Engulfing Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. Show Engulfing Bars - Set to true to show Engulfing Bars. Body size pe
Flying Volume
Paul Geirnaerdt
1 (1)
The Flying Volume indicator is a specialized volume indicator. It deciphers the volume data after heavy proprietary number crunching. When a main signal is found Flying Volume will look for possible continuation points. The main signal is shown by arrows, the continuation points by dots. Volume indicators are most often used on higher timeframes. Features Main Buy or Sell signals Continuation signals No repainting One signal per bar Settings Flying Volume default settings are good enough mos
Breakout Hero
Paul Geirnaerdt
2.64 (11)
Breakout Hero is a Multi Symbol , Auto Timeframe , Breakout Expert Advisor . It recognizes breakout patterns and will set pending trades. When triggered Breakout Hero will monitor trades and adjust the stop loss. Breakout Hero is a multi symbol EA, it will trade EURUSD, GBPUSD, USDJPY and USDCAD. Also, Breakout Hero is auto timeframe. Just drop Breakout Hero on any chart and start trading. Only one chart is needed, Breakout Hero will trade the symbols you pick from the settings. You can monitor
Dark Rider
Paul Geirnaerdt
1 (2)
Dark Rider  is a Night Scalper Expert Advisor . It recognizes overbought and oversold conditions in the hours after close of the New York Exchange and trades accordingly. Dark Rider features an on screen monitor and settings panel on which you can monitor your status and progress.  A signal for Dark Rider can be found here . New in version 1.5 The option 'Stay in trending trades' is new for version 1.5. It will keep you in trending trades. Profitability has been increased while drawdown has be
Divergence Dash
Paul Geirnaerdt
3 (2)
Diverence Dash is a MACD, RSI, OBV, Momentum, Stochastic or Standard Deviaviation Divergence Dashboard. It will scan all symbols and timeframes you want. Also, Divergence Dash can open charts with the divergence found using the template of your choice. Divergences are often used as a leading indicator and, by using Divergence Dash, are easy to spot. The risk/reward ratio in divergence trading is very low. What can Divergence Dash for you: Find MACD, RSI, OBV, Momentum, Stochastic or Standard Dev
Fusion Trader
Paul Geirnaerdt
5 (1)
NEWS Price increased to $249 from $149 on September 16th. Buy Fusion Trader v2 and get Donchian Trader for free. (limited to 3 account numbers) Fusion Trader v2  is a  Multi Symbol ,  Auto Timeframe ,  Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v2  is a complete rewrite from v1, it trades different and more symbols. With default settings Fusion Trader has gained 5% monthly on ave
MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for th
NEWS Price v4 now $799 for a limited period. Fusion Trader v4  is a  Multi Symbol ,  Auto Timeframe ,  Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v4  is a partial rewrite from v3, it trades differently and more symbols. The Scalping system now uses market orders instead of stop orders. It is 100% Metatrader 5 compatible. Fusion Trader v4 is a multi symbol EA, For now, it will tra
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