So I forgot I had this old trading strategy screenshot on my phone but I think it can be a profitable one (maybe).
So for the indicators it will use are:
Donchian Channels normal settings,
Gaussian Channel [DW] made by DonovanWall normal settings.
For the time frame I've only tested 4H so I still dont know wich one is the best(sorry).
What to search for an entry:
A candle has to touch both indicators channels, we will place an order on the high or low of the candle based on the trend.
TP/SL:
Take profit is at least 1:3RR or based on liquidity points if the RR is bigger than 1:3 and for the SL it's set under/above (based on the trade) of the Donchian Channel, add some pips just to be sure.
Well thats it. I hope this will get some people and hopefully get better results as a strategy.
Here's the old screenshot I took while testing it.
So for the indicators it will use are:
Donchian Channels normal settings,
Gaussian Channel [DW] made by DonovanWall normal settings.
For the time frame I've only tested 4H so I still dont know wich one is the best(sorry).
What to search for an entry:
A candle has to touch both indicators channels, we will place an order on the high or low of the candle based on the trend.
TP/SL:
Take profit is at least 1:3RR or based on liquidity points if the RR is bigger than 1:3 and for the SL it's set under/above (based on the trade) of the Donchian Channel, add some pips just to be sure.
Well thats it. I hope this will get some people and hopefully get better results as a strategy.
Here's the old screenshot I took while testing it.
Attached Image (click to enlarge)
