DC+GC strategy | Foreign exchange indicator download- MT4/MT5 resources
So I forgot I had this old trading strategy screenshot on my phone, but I thought it could be a profitable one (maybe).
Therefore, the indicators it will use are:
Tang Qian's channel is set normally,
The Gaussian channel [DW] is set up normally by DonovanWall.
For the time frame I've only tested 4H so I still don't know which one is the best (sorry).
What to search for :
The candle must touch both indicator channels and we will place the order at the highest or lowest point of the candle depending on the trend.
TP/SL:
Take profit is at least 1:3RR or if RR is greater than 1:3 then based on liquidity points and for SL it is set below/above the Donchian channel (based on trades), add some points to be sure.
Well, that's it. I hope this appeals to some people and hopefully leads to better results as a strategy.
Here's an old screenshot I took while testing.
Therefore, the indicators it will use are:
Tang Qian's channel is set normally,
The Gaussian channel [DW] is set up normally by DonovanWall.
For the time frame I've only tested 4H so I still don't know which one is the best (sorry).
What to search for :
The candle must touch both indicator channels and we will place the order at the highest or lowest point of the candle depending on the trend.
TP/SL:
Take profit is at least 1:3RR or if RR is greater than 1:3 then based on liquidity points and for SL it is set below/above the Donchian channel (based on trades), add some points to be sure.
Well, that's it. I hope this appeals to some people and hopefully leads to better results as a strategy.
Here's an old screenshot I took while testing.
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