108# Donchian Channel Double Breakout Trading System

Double Donchian Channel Strategy

 

Submit by Kerry 11/09/2013

 

This Trading System is inspired a Richiard J. Dennis the first at to use an similar trading system This is an Breakout Trend Following System.

 

Forenx indicator:

Donchian Channel 20 period red;

Donchian Channel 55 perid green.

 

Rules for: Donchian Channel Double Breakout Trading System

 

Long Entry

When the price breaks upward the red line of the Donchian Channel 20 period.

If there is a second breakout of the red line of the Donchian channel 20 does not enter, but get into position only if there is a breakout of the upper band of the Donchian channel 55 periods.

 

Short Entry

When the price breaks downward the red line of the Donchian Channel 20 period.

If there is a second breakout of the red line of the Donchian channel 20 does not enter, but get into position only if there is a breakout of the lower band of the Donchian channel 55 periods.

 

Exit position with Trailing Stop that depends by time frame and currency pair.

Place initial stopo loss 2 pips below or above the first green line.

Example EUR/USD H1

Trailing Stop 35 pips, place stop loss 2 pips below or above the first green line or fix stop loss at the 40 pips.

 

Exit position also with Profit Target:

Example EUR/USD 60 min 30 pips, GBP USD 35pips , AUD/USD 30pips, USD/CHF 26pips or ratio 1.3 initial stop loss.

After 20 pips in gain move stop loss (40 pips) at the entry point.

Donchian Channel Double Breakout Trading System: Template and Indicators.

Donchian Channel Double Breakout Trading System
Donchian Channel Double Breakout Trading System.
Double Donchian Channel Strategy.
Indicators, and Template.
Double Donchian Channel Trading System.r
compressed file archive 3.0 KB
Donchian Channel Double Breakout  Trading System
Donchian Channel Double Breakout Trading System
Donchian Channel Double Breakout  Trading System
Donchian Channel Double Breakout Trading System

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