215# Double Donchian Channel -Trend and Reverse-
Donchian Trading Method
Waddha Attar explosion as timing
Janus Trader
Double Donchian Channel is a trend and reverse trading system suitable for lower and higher time frame. This trading system is also suitable for trading with the white options at the time frame of 5 and 15 minutes. The logic of the system is very simple, consider entering the market when a yellow square with an arrow appears, then trade with the agree signal of the Waddhat attar.
Setup Strategy
Time Frame 5 minutes or higher.
Currency pairs: any, Indices and gold.
Profitability: high.
Binary options expire time 5 candles.
Metatrader 4 indicators
Donchian channel 24 periods.
Donchian channel 96 periods.
Waddah Attar default setting.
Zig Zag arrow (60, 12, 5).
Trading rules Double Donchian Channel -Trend and Reverse-
Buy
When a white square appears with the buy arrow wait until the indicator below the Waddah Attar chart has the green bar on the histogram greater than the trigger line.
Sell
When a white square appears with the sell arrow wait until the indicator below the Waddah Attar chart has the red bar on the histogram greater than the trigger line.
Please note the buys and sells must be considered only if the yellow square coincides with the line of the Donchian channel 96 periods. This is the essence of the trading system.
Exit position
Place initial stop loss 2 pips below/above the line of the Donchian Channel 96 periods).
Make profit with ratio stop loss 1:1.2 or when Waddah Attar Changes position.
This is a winning system suitable for also hedging.
Examples of trades.
