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Donchian Channel Indicator - Trading Strategies | AvaTrade
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What is the Donchian indicator?
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The Donchian Breakout System – The Way of the Turtle
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- Donchian: The Personification of Persistence.
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The cookie is used to store the user consent for the cookies in the category "Performance". It does not store any personal data. Functional Functional. It is ideal to enter with two individual positions. The trailing stop for the first position will be the lower Donchian channel, while the trailing stop for the second position is open, and closed out only when there is a reverse signal.
The above trading strategy is actually quite simple logically speaking. We know that the Donchian channel is nothing but a period high and low indicator that plots a continuous line, forming the Donchian channel. Generally, Donchian channel trading rules are to buy or sell the period breakout high or low.
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This trading system is vulnerable to some pullbacks and more importantly fake breakouts as well. An uptrend is clear when you see that the period low is higher than the lowest period high and price and Donchian channels continue to move in that direction.
Donchian channels
Likewise, a downtrend is when a period Donchian channel high is lower than the most recent period highest low. This simple Donchian channel based trading system is ideal for those who can be patient enough to wait for the right signals to occur. While normal profits can be expected, the system can be utilized to show higher profits when multiple positions are taken and profits booked at regular intervals.
John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics. Intraday Market Analysis — Rally Overheated. Leave A Reply Cancel Reply. Save my name, email, and website in this browser for the next time I comment.
- Reading the Donchian Channel Indicator.
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