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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
Donchian Channels with 50 Simple Moving Average Sell


Donchian Channels with 50 Simple Moving Average Reviewed by learn forex trading on July 25, 2015 Rating: 5

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