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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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5 (12)
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Way To Stars é um EA de escalpelamento noturno projetado especificamente para negociar durante períodos de baixa volatilidade do mercado para capitalizar oportunidades de baixo risco.  Esta noite de scalping EA se concentra em capturar pequenos movimentos de preços para negociação frequente, acumulando assim lucros ao longo do tempo.  Emprega medidas rigorosas de stop-loss para limitar as perdas potenciais por negociação, garantindo uma gestão de risco eficaz.  Way To Stars é um sistema de negoc
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4 (2)
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Profalgo Limited
5 (6)
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Babak Alamdar
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Lo Thi Mai Loan
5 (5)
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Sang Sariaji Sakti
$999.99 END ON MONDAY, JULY 22, 2024 !   "FUTURE SIGHT OFFICIALLY ONLY SOLD IN MQL5" SAVE YOUR MONEY FOR THE AUTHENTIC FUTURE SIGHT, NOT WORTHLESS PIRATED COPIES. NEXT PRICE $1250. FUTURE SIGHT IS EQUIPPED WITH HIGH SECURITY FEATURES AND HAS A UNIQUE CODE. THIS MAY STOP USERS FROM USING PIRATE FILES, IF APPROVED BY AUTHORIZED FUTURE SIGHT USERS, SO PROTECT YOUR MONEY! FUTURE SIGHT WITH A  WIN RATE OF MORE THAN 80% , OPENING 10 TO 20 OR MORE TRADING EVERY DAY ON 8 SYMBOLS, LOW RISK WITH  "SPECIA
Visão Geral Nasdaq Algo Trading EA é uma ferramenta automatizada de negociação especializada, projetada para índices de ações dos EUA, como Nas100 (Nasdaq) e US30 (Dow Jones). Desenvolvido por uma equipe de profissionais altamente experientes em negociação e programação, este EA oferece desempenho e segurança ideais para os investidores. Com recursos avançados de controle de risco e estratégias de negociação inteligentes, este EA será um companheiro confiável em sua jornada de investimentos.
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Ho Tuan Thang
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ONLY 3 COPIES OUT OF 10 LEFT AT $299! After that, the price will be raised to $399. Limited price $299 is only for 10 first sales. After 10 sales, the price will be raised +$100. Final price for Gold Trading Algo is $1999. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Forex EA Trading Channel:  Update the latest news from me Some Features: - No Martingale, No Grid - The order is always protected by Stoploss - EA is using in-bu
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4.1 (10)
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5 (9)
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5 (6)
SUPER SALE! --> -50% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $247  ( Regular Price: $497) - The offer ends soon! Click here to check News Scope EA PRO results! Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarkable predictive power. This
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Custom EA MT5
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Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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.

Responder ao comentário
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.