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690# Donchian Channel Ping Pong Strategy

Donchian Channel Trend Reversal Strategy

Buy and Sell with Box

Submit Maximo Trader

 

Donchian Channel Ping Pong Strategy is a trend reversal strategy based on Donchian Channel and on a price action box. What is this strategy looking for? Price changes on Donchian channels filtered by the appearance of a price action box. So what are the conditions of entry: the price must exit or notch the channels but also a box price action must be formed. The entry timing is given by the appearance of an arrow in the opposite direction to the channel.

Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy

The established conditions are able to filter out some noise so as to make the system a profitability increase of 50%.

This strategy is simple and clear and works well on all time frames, so it can also be used for day trading.

Setup Strategy

Time frame 5 minutes or higher

Currency pairs:any

Metatrader 4 indicators:

Double SV,

Donchian Channel 20 periods,

Half trend buy and Sell amplitude 2.

Trading Rules Donchian Channel Ping Pong Strategy

Buy

Essential conditions

The price touches or exits the lower band.

While this is happening, a box must form.

When an arrow buy appears, buy at the close of the candle or the opening of the next.

Place initial stop loss at the next swing low.

Exit position at opposite arrow or with predetermined profit target with minimum ratio 1:1.2

Sell

Essential conditions

The price touches or exits the upper band.

While this is happening, a box must form.

When an arrow sell appears, sell at the close of the candle or the opening of the next.

Exit position

Place initial stop loss at the next swing high

Exit position at opposite arrow or with predetermined profit target with minimum ratio 1:1.2

Note: Do not enter position if a candle closes outside. the channels.

 

Examples of trades

Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy
Donchian Channel Ping Pong Strategy

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