Donchian Channel
Double Breakout
Trading System

To go for long entry

Donchian Channel Double Breakout Trading System Buy
Price closes above the Donchian Mid-Band
Buy triggers whenever price breaks and moves above the upper channel of Donchian Bands 20 or 55
Set stop loss below the current lower channel of Donchian Bands 20 or 55
Exit long/take profit whenever price returns back inside the Donchian Bands 20 area

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To go for short entry

Donchian Channel Double Breakout Trading System Sell
Price closes below the Donchian Mid-Band
Sell triggers whenever price breaks and moves below the lower channel of Donchian Bands 20 or 55
Set stop loss above the current upper channel of Donchian Bands 20 or 55
Exit short/take profit whenever price returns back inside the Donchian Bands 20 area

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Rules:
H1 Step OMA is the trend. Do not use M30 trend. It gives some false signals.
1. Try not to go LONG at ADR 100%. That's the maximum Average Daily Range for the day.
2. Try not to go LONG at yesterday High 100%. That's yesterday high.
3. Try not to SHORT at ADR 0%. That's the minimum Average Daily Range for the day.
4. Try not to SHORT at yesterday Low 0%. That's yesterday low.