Please is there anyone that can assist with an EA or system that works with the "Donchian 5 & 20".
I will most appreciate.
thanks.
I will most appreciate.
thanks.
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Donchian 5 & 20 System 1 reply
DislikedDonchian applied his system to stocks and commodities and I believe forex is little more complex Lets 1st understand what Donchian is. Donchian is break out system.Like any other break out system one does not know for certain if BO is real or fake.Donchian solution was to take every BO and cut losers and run the winners.In theory this is great but psychologically can you take every BO and cut the losers if proven wrong?Could you take 10 fake outs in a row before a winner?Lets say you did pick a winner but down 150pips trying now you need to get...Ignored
Disliked{quote} If a retail trader trades like a bank, they don't have to accurate either. This is why I don't use mt4. 10 cents a pip is too high for any account less than 4500 dollars.Ignored
Disliked{quote} Most retail traders including me over trade because that's pretty much what needs to be done to grow account quick. RegardsIgnored