Dear Traders

Recommended pairs: All major pairs
Recommended timeframes: M30, H1, H4 and D1

Donchian Channels indicator can be used in two ways:

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1) Trend direction detection + signals confirmation
for your main indicator/strategy. (Recommended)

Uptrend is Expected When (Only BUY Trades):

- Price is above the blue line
- Blue line is going UP


Downtrend is Expected When (Only SELL Trades):

- Price is below the purple line
- Purple line is going DOWN

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2) Standalone strategy for entries and exits.

BUY:

- Price is above the blue line
- Blue line is going UP

SELL:

- Price is below the purple line
- Purple line is going DOWN


Recommended TP and SL values:

M30 - 30 TP, 15 SL
H1  - 30 TP, 15 SL
H4  - 100 TP, 50 SL
D1  - 200 TP, 100 SL

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Feel free to experiment with the input settings 
to achieve optimal results for your style of trading.

Good luck!