Automatic Trading DONCHIAN Channel

• 06/02/2018 at 8:39 PM #72076
  Steven

  Hi im looking for some help to put a automated code together

  BUY ORDER

  If EMA 10/25 is BELOW Dounchain Channel Middle THEN place BUY order when candle stick hits Dounchain Channel DOWN. Close order when NEXT candle Stick hits EMA 10

  SELL ORDER

  If EMA 10/25 is ABOVE Dounchain Channel Middle THEN place SELL order when candle stick hits Dounchain Channel UP. Close order when NEXT candle stick hits EMA 10

   

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  Steven

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  06/02/2018 at 9:27 PM #72080
  Nicolas

  Hi,

  >> Please update your country flag in your profile. Thank you 🙂 <<

  Topic moved in automatic trading forum.

  

  Nicolas

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  06/02/2018 at 10:15 PM #72087
  Steven

  Hi done – can you help with the code?

   

  

  Steven

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  06/03/2018 at 2:58 PM #72118
  Steven

  that should read donchain not dounchain

  

  Steven

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  06/04/2018 at 8:27 AM #72159
  Nicolas

  Here is the code for your Donchian automatic trading strategy:

  DEFPARAM CumulateOrders = False donchianperiod = 20 // indis hh = highest[donchianperiod](high) ll = lowest[donchianperiod](low) mid = (hh+ll)/2 ema10 = exponentialaverage[10] ema25 = exponentialaverage[25] // trading if ema10>mid and ema25>mid then buy 1 contract at hh stop endif if ema10<mid and ema25<mid then sellshort 1 contract at ll stop endif // exit trigger if longonmarket then sell at ema10 stop endif if shortonmarket then exitshort at ema10 stop endif

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  DEFPARAM CumulateOrders = False   donchianperiod = 20   // indis hh = highest[donchianperiod](high) ll = lowest[donchianperiod](low) mid = (hh+ll)/2 ema10 = exponentialaverage[10] ema25 = exponentialaverage[25]   // trading if ema10>mid and ema25>mid then buy 1 contract at hh stop endif   if ema10<mid and ema25<mid then sellshort 1 contract at ll stop endif   // exit trigger if longonmarket then sell at ema10 stop endif if shortonmarket then exitshort at ema10 stop endif

  You did not tell what would be the Donchian channel period, so I made it as a variable you can change (default is 20 periods).

  

  Nicolas

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  05/22/2020 at 10:33 AM #132785
  Jaanboy321

  I’m looking for similar help. Is it possible to share code so I can OPEN a short position if price crosses Upper Donchian Channel THEN close order when it crosses Donchian Lower Channel (only one order open at any one time)? I can use this when there is a strong downward trend  -thanks.

   

  

  Jaanboy321

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