It’s called the Doda Donchian strategy for scalping and day trading low spread currency pairs on the lower timeframes i.e. 1-Minute, 5-Minute and Minute. Doda Donchian Metatrader 4 Indicator. A modificated version of the well known turtle indicator with very simple rules to buy and sell currencies. Works with all. In this lesson, we’ll learn how to use Doda Donchian indicator effectively in Forex trading to make money. Doda Donchian is a technical.
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Doda Donchian is a modified version of Donchian indicator.
Doda-Donchian Indicator with stop-loss feature | DodaCharts
DDonchian is nothing more than lots of crowded lines and numbers on my chart. Stop-Orders are used to enter a position. Thanks donchiann much for sharing.
Thanks for positive feedback. Doda-Donchian Indicator with stop-loss feature. You can subscribe via Email, RSS etc. Yes, different settings dod been tested on previous data and finally the most successful settings have been made the default one.
Please keep us informed like this. This is the screen shot of MetaTrader software using Doda Donchian indicator. Leave a Comment Cancel Reply Your email address will not be published.
The main difference is of support and dnchian lines.
Just remove the indicator from the chart and include the new version. I have changed to 48 peroid and run 1H chart time frame, and sit back enjoy the ride, by then you would profit more than pips. Also, use higher time frame like H4 to get more accurate signals and to avoid false signals. Yes, u r right. Skip to content This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator.
Its a great indicator…trying it for demo account. These indicators will help you to take positions in the right direction. Closing is important to take decision. You need to carefully set your stop-loss. As these levels changes daily, the lines become closer on daily chart. Screen alert facility is already in this indicator. The best part is both the indicator and software are free to download and use.
When price closes above Doda-Donchian line Sell: This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator.
Doda Donchian Forex Scalping Trading Strategy
Is this site gone? Leave a Comment Cancel Reply Your email address will not be published. Depending upon any indicator can not be successful every time. You may download the indicator from the link https: Another way is, use some other indicator like Parabloc SAR.
Downloaded your Ver 2 — looks good. Thanks, it is a great indicator!
Doda-Donchian Indicator with stop-loss feature
So post a link to it – let others appraise it. I need an alert doncnian prices touches or orosses the donchian line. Pending orders and postions are handled based on a daily system.
So, one can easily spot out such false signals, when powerful indicators have different views. Looking forward to making some progress. Hi, seems to be a good indicator used together with the ichimuku cloud.
Candles changes color because of another indicator viz. Notify me of follow-up comments by email. It happens many times that price kisses Doda-Donchian line, so dda may triggers your stop-loss.
Are there any plans to add a pop up alert? It works best there. I would like to use it but the support and resistance seem to reverse?