Donchian Trading Strategy

1598
Donchian Trading Strategy

Main indicator is Donchian Channel.
Then we will use the Supertrend indicator to find a short-term trend and trade in that direction.

If Supertrend is in green color which is an uptrend, then we go LONG only.
One way trade. No shorting.

All other indicators in the folder are just minor supports to confirm the trend.


Attachments

Re: Something interesting please post here (Metatrader)

1599
太虚一毫 wrote:Mon Aug 23, 2021 1:05 am This trading system is very good. It just doesn't fit my trading style. If these indicators, add MTF, it will be great!
Spaghetti FX Forex Strategy: An Innovative Application of Moving Averages

The Spaghetti FX trading strategy serves as a vivid confirmation of the fact that, thanks to innovative analysis of moving averages, trading can be profitable, even using only them.

How the SpaghettiFX Forex Strategy Works

A very good idea was taken representing two sides of the market: long term trades and short term trades. With the help of two sets on moving averages with different periods, we can clearly see how they are displayed. But they are not easy to trade on, since they are purely graphical representing two sides. And it is not easy to understand when there is an opportunity to enter, exit, trade or not trade. Therefore, in order to read them in an undeniable way, two new indicators were created - Spaghetti FX and Spaghetti FX signal. Spaghetti FX is an indicator synthesized from two types of moving averages : fast and slow. It is very important to emphasize that these indicators are not redrawn and are based on a single currency and a single timeframe, so they can be easily verified.

Forex indicator Spaghetti FX has 4 components:
Red Line (Fast MAs) - displays the spread of the red moving average. If the red line is below 0, then the red MAs is pointing down (short positions). On the contrary, if they are above the 0 line, it indicates that we will open long positions. Blue Line (Slow MAs) - as above, but for the blue moving average. If the blue line is below 0, then the blue MAs are pointing down (short). Conversely, if they are above the 0 line, it indicates that they are long. Light Gray Histogram (Spread) - Shows the gap between two sets of moving averages. The wider it is, the stronger and more stable the trend. It can also be used as a trend indicator. Above 0 we have a bullish trend , below 0 bearish. Dark Gray Histogram (Amplitude) - Shows the total spread of the two sets of moving averages. From fast MAs to slow ones.

Spaghetti FX Indicator Signals
Bold blue - strong bullish
Blue - bullish
Red - bearish
Bold Red - Strong Bearish
Experts ForTrader.org magazine believe that with the indicator forex Spaghetti FX, you will be able to understand that the two major market participant (long-term and short-term trades) are doing and how they relate to each other, a positive impact on the profitability of your trading.
Who knows others is wise
Who knows himself is enlightened


Who is online

Users browsing this forum: Ahrefs [Bot], Applebot [Crawler], Intrest 1, Jimmy, Motosz, ssscary, TEAMTRADER, Telegram [Bot], Twitter [Bot] and 74 guests