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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And has it traded well for you Steven Ly?

Doda Donchian Metatrader 4 Indicator

Notify me of follow-up comments by email. Right now it only alerts when price touches or passes the BB bands. Will upload Amibroker codes also, if visitors ask for that. These are 2 different indicators.

Use higher time frame like H4. Another way is, use some other indicator like Parabloc SAR. When price closes above Doda-Donchian line Sell: I have one question: BB-squize dark indicator is a total joke. Shows all the information on top-right corner of the screen instead of bottom-right.

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Now, let us learn how to get buy or sell signal using this indicator. You can use this indicator not just to trade in forex market but also in the stock market, commodity market like Gold, Silver etc.

DDonchian is nothing more than lots of crowded lines and numbers on my chart. Can I get the mq4 file code somewhere? Remember, no indicator is perfect to give perfect value of stop-loss. The best time frame for this indicator is H4.

Doda-Donchian ver Released | DodaCharts

That will filter out false signals of Doda-Donchian and will help you doca solve your query. This is the screen shot of MetaTrader software using Doda Donchian indicator. I was wondering is there anyway to get emails or texts sent when a fresh signal happens on an open chart? Notify me of follow-up comments by email.

Doda Donchian Forex Scalping Trading Strategy

The result is a single line, making a simple but one of the powerful indicator. When there is no new low, the the stoppline stays at the level and vonchian just moved, when an new low was generated.


Your indicator is excellent. These indicators will help you to take positions in the right direction.

Doda-Donchian ver 2.0 Released

Thanks for positive feedback. Thanks for all the great work.

This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator. When price closes below Doda-Donchian line Stop-loss: It works best on H4 chart.

One can easily get an idea when to enter a trade and when to exit from trade from the chart. 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.

When price closes below Doda-Donchian line Stop-loss: The solution is in Doda-Bollinger bands. You need to contact some professional coder to convert it in your desired format. The entry logik STP-value calculation can be easily changed. First met your indicators, trying to test.