Donchian Channels with 50 Simple Moving Average

Designed to trade quick momentum moves

Best suited for Day-Trading Forex

Select Time Frames / Any Market / Any Direction

Best Time Frames: 20, 30, 45, 60, 90, 120 min.

Learn the Strategy – Paper Trade First!

The Specialist’s Edge – Consistency

Indicators:

50-period Simple Moving Average (sma),

14-Donchian Channels.

Rules - Buys

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be above the 50-period sma.

2. Look to buy when the close is either at, or 1 pip below the high of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

4. Enter to buy on the next bar only, if the price trades 1 pip above the SET UP bar’s high. (If price does NOT trade 1 pip higher on next bar, then negate the trade).

5. Place protective stop 1 pip below the low of the SET UP bar.

6. Sell (exit) on Range Extension of 200% and/or 300%.

Step 1

Price must be above the 50-period sma.

Step 2

Look to buy when the close is either at,or 1 pip below the high of the price bar. (SET UP BAR)

Step 3

Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

Step 4

Enter to buy on the next bar only, if the price trades 1 pip above the SET UP BAR’S high.

(If price does NOT trade 1 pip higher on next bar, then negate trade).

Step 5

Place protective stop 1 pip below the low of the SET UP BAR.

Step 6

Sell (exit) on Range Extension of 200% and/or 300%.

Rules - Sells

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be below the 50-period sma.

2. Look to sell short when the close is either at, or 1 pip above the low of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the highest high of the last 5 bars.

4. Enter to sell short on the next bar only, if price trades 1 pip below

the SET UP bar’s low. (If price does NOT trade 1 pip lower on next bar, then negate the trade).

5. Place protective stop 1 pip above the high of the SET UP bar.

6. Buy to cover (exit) on Range Extension of 200% and/or 300%.

Donchian Channels with 50 Simple Moving Average Sell