693# Donchian middle band crossover

Donchian trading

Submit by Angel 22/07/2016

 

Donchian middle band crossover is a trading system trend-momentum but the direction of the market is determined by price action of the channel.

It may seem like a complex system but really simple. You make money with this system.

Time frame 15 min or higher.

 

Financial market:any.

Metatrader indicators:

Trendline lnx (optional);

ml non lagma nrp period 9;

SHI Channel lead indicator;

Price channel Zig Zag;

Donchian channel atr lead indicator;

in the same sub window

RSX x2 lead indicator;

insyindex ;

WPR MTF 14 period,

Elliot wave indicator (optional).

 

Trading Rules Donchian middle band crossover simple version:

 

Tradin only in the direction of the trend of SHI Channel.

 

Buy

SHI Channel pointing up;

Non lag ma aqua color;

the candle close above midde band of donchian channel;

WPR or insyindex above rsi (red or blue line).

 

Sell

SHI Channel pointing down;

Non lag ma red color;

the candle close below midde band of donchian channel;

WPR or insyindex below rsi (red or blue line).

 

Exit position

place initial stop loss above below the previous swing.

 

Profit Target 3 pips before the bands.

In the pictures Donchian middle band crossover in action.

Donchian middle band crossover simple version
Donchian middle band crossover simple version
Donchian middle band crossover
Donchian middle band crossover
Donchian middle band crossover
Donchian middle band crossover
Donchian middle band crossover
Donchian middle band crossover
Donchian middle band crossover.rar
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