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680# Donchian Channels Scalping System

Trading on the retracement

Trend following strategy

Submit by Joy22

 

The Donchian Channels Scalping System is a trend following strategy based on the retracement of price. In this case, the use of the Donchian channel was not done in the way that is convenient by trading on the breakout of the minimum and maximum levels, but the channel was interpreted as a place where the price fluctuates regularly even if in trend, with the exception of trends. strong linear. Therefore, according to this principle, retracements are sought within the channel when the price of a currency pair is trending as a trading opportunity with a high probability of success. Practice has confirmed this theory even at the one-minute time frame as an extreme case.

 

The price trend is detected with a slow moving average.

Trade is taken only in the direction of the slow moving.

Then the slow stochastic oscillator is used to help detect price retracements. Price patterns can also be used for this purpose at high time frames (but this is not covered here).

Time Frame 1 min or higher

Currency pairs 1, 2, 3 min time frame: AUDUSD, EURUSD, GBP/USD, NZD/USD, AUDJPY.

5 min time frame: majors

15 min or higher: majors, minors.

Setup strategy

1 minute time frame simple moving average 300, median.

2 minutes time frame simple moving average 270, median.

3 minutes time frame simple moving average 240, median.

5 minutes time frame simple moving average 220, median.

15 minutes time frame simple moving average 210, median.

30 minutes time frame or higher simple moving average 210, median.

Stochastic Oscillator (13, 8, 5).

Donchian Channels 40, periods.

Trading rules Donchian Channels Scalping System

Trades only in the direction of the trend.

Buy

Price above slow simple moving average.

The price goes back to the center line of the channel or goes to the other side of the channel.

The stochastic oscillator crosses upwards and does not necessarily have to be oversold.

Sell

Price below slow simple moving average.

The price goes back to the center line of the channel or goes to the other side of the channel.

The stochastic oscillator crosses downwards and does not necessarily have to be oversold.

For system experts in a strong trend the retracement does not necessarily have to touch the center line.

Exit Positions

Place initial stop loss at the previous swing High/Low.

Profit target ratio stop loss from 1:1  to 1.1.3. 

But the level of profit also depends on the volatility in the video this concept is clearer.

Advice. The video is an example of a very fast 1 minute time frame trading which is not suitable for everyone. The system works well and gives satisfaction even at time frames 15, 30 and 60 minutes.

 

In the pictures Donchian Channels Scalping System in action.

Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channels Scalping System
Donchian Channel scalping system
Donchian Channel Scalping.rar
compressed file archive 2.8 KB

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