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A Donchian Channel Strategy breakout EA. The Expert Advisor automatically creates and manages Stop Loss orders placed and modified according to the Donchian Channels indicator. Once the order is filled the EA takes care of it. It is either possible to set a fixed Take Profit or a Trailing one. Best results at H1. Strategy and input parameters fully described in the video here below https://youtu.be/hFfbgZw0-tQ
The EA creates a grid of equally spaced pending limit orders taking into account: - The current price; sell-limit above / buy-limit below - The trading range; computed by using the weekly highs and lows The EA then manages the orders while they have been executed. The logic is: IF #EXECUTED ORDERS == 2 OPEN NEW LIMIT AT THE PEN. PRICE IF #EXECUTED ORDERS > TOT - 2 RESET THE LIMIT ORDERS TO RANGE - check the video for the full strategy at: