Print
Pinterest
Gmail
Email App
Pinterest
Log in or register to download unlimited Forex robots!
Donchian Channels.mq4 - Top-performing Forex EA Expert Advisor
Enhance your trading experience with the Donchian Channels.mq4 Forex Robot, a powerful Expert Advisor (EA) designed to optimize your trading strategies. This EA operates seamlessly on multiple brokers, including LQDFX and FXOpen, ensuring compatibility with any broker of your choice. Elevate your trading with the reliability and efficiency of Donchian Channels.mq4 - the ultimate Forex EA for market success. Download now for enhanced trading performance!
Donchian Channels(1).mq4 3.4 kb, 54 downloads since 2015-04-22
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Get Your Donchian Channels EA Now!
The Donchian Channels EA is all about finding trends in the market. It calculates Donchian channels, which are like virtual tunnels that help you see where prices are likely to go. When prices touch the bottom channel, it might be a good time to buy. When they touch the top channel, it could be time to sell.
Simple, right?
How this EA works:
This EA looks at a bunch of past bars (you can choose how many) and calculates the high and low prices. It then draws two lines – one at the bottom where prices are likely to bounce up, and one at the top where prices might come down.
To get started:
Download the mq4 file.
Open your MetaTrader 4 platform.
Click on "File" and select "Open Data Folder."
Go to the "MQL4" folder, then "Experts."
Paste the downloaded mq4 file there.
Restart MetaTrader 4.
Find the EA in the "Navigator" panel.
Drag and drop it onto your chart.
Adjustable Parameters:
Periods: Determines the number of past bars to consider for calculating the Donchian channel.
Extremes: Chooses the method for calculating the channel extremes, with 1 for the highest high and lowest low, 0 for the open of the extremes bar, and 3 for the median point of extreme open and lowest low or highest high.
Margins: Sets the percentage of the channel subtracted from the channel border before displaying it, with negative values allowed.
Advance: Specifies the number of bars to look ahead when calculating the Donchian channels.
max_bars: Sets the maximum number of bars to consider for the calculation.
The optional settings for the Donchian Channels EA for a winning strategy:
Periods: You can experiment with different values, but a common setting is 24 for a 1-hour (H1) time frame on major currency pairs like EUR/USD. Start with a minimal balance of $1000.
Extremes: Set it to 3, which calculates the median point of extreme open and lowest low or highest high. This setting works well for most strategies.
Margins: Typically, keep it at -2. This setting is a good starting point for risk management.
Advance: Usually, keep it at 0. This setting is suitable for most trading scenarios.
max_bars: You can adjust this value based on your trading preferences, but 700 is a reasonable starting point.
These settings are optimized for a winning strategy, but remember that trading always carries risks, so ensure you have a sound risk management strategy in place.
Use the Donchian Channels EA on the H1 chart with a 24-period lookback. When prices touch the lower channel line, consider buying. When they touch the upper channel line, think about selling. Combine this with proper risk management to make consistent gains.
Donchian Channels(1).mq4 3.4 kb, 6 downloads since 2023-11-22
AI Forex robot (Trade Executor EA)
NEW AI Forex robot (MT4talk Trade Executor EA)
Try it 100% FREE – Download it 100% FREE at https://mt4talk.org/download_latest.php
Guaranteed Profit Every Week!
- In the EA settings, enter your MT4talk registered email address and your MT4talk forum password.
- If you yneed help, visit the MT4talk Help Center: https://mt4talk.info to chat with the chat assistant in any language!
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum, as well as the forum administrators.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The uploaded files do not come with support or any guarantee.
The website does not sell Forex robots and does not provide support for any downloaded Forex robots. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. If you choose to download a Forex robot from the forum, you do so at your own risk.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "Trade Executor EA," which can be downloaded by PRO members, just like any other Forex robot on the forum. This Forex robot is only a bonus and is not included in the original PRO membership.
MT4talk is an informational website and does not guarantee the performance, profitability, or reliability of any Forex robot available for download. Updates for Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, Plexytrade, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.