Richard Donchian EA | MT4 EA Download - MetaTrader 4 Resources

The Richard Donchian Method… I’m sure some, if not most, of you have heard of it. Anyway...here are 2 ea's that actually imitate the R Donchian approach.

Very simple...you buy at the 4 week high + 10 pips and sell at the 4 week low - 10 pips.

I have set a stop loss of 400 pips so many people need micro/nano accounts. There is absolutely no take profit with this system, nor do I recommend using a trailing stop. Let the deal last until the end of the second week after it opens. Then you just need to close the trade and the EA will take over again.

The batch size is up to you.

If you lose in this Forex game...it's going to be a tough game for the bad guys. This is not for the impatient. I recommend IBFX as they allow 1 cent spreads. Does anyone know of any other mt4 regulated brokers that allow nanopoints?

For currency pairs...I recommend the following

EUR/USD USD/CAD AUD/USD NZD/USD GBP/JPY USD/CHF EUR/GBP

Be patient...when this market finally breaks out...you will be following the trend my friend.

Take a look at the article....

http://www.articlesbase.com/currency...al-760010.html