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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Doda Donchian Metatrader 4 Indicator
This will not interfere with your chart on the screen. Doda-Donchian value can act as good stop loss. Doda-Donchian Indicator with stop-loss feature.
Hi, I see that only the ex4 file compiled version is available on this latest version of the Doda Donchian 2. Hi, All that seems to be lacking is a pop up alert, if donhcian is trading several currencies one needs a pop up. You may download the indicator from the doncbian https: This is the screen shot of MetaTrader software using Doda Donchian indicator. Gopal Krishan Doda This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator.
When price closes below Doda-Donchian line Stop-loss: Dooda works best on H4 chart. Thanks for all the great work. The support and resistance lines are based on Fibonacci levels and Pivot levels. Would be great to have a pop up alert if using a number of currencies.
How to use Doda Donchian indicator in Forex Trading? |
You can delete these lines from objects menu and can see their values from top-right screen. I’ve modified it after removing 2 lines. The solution is in Doda-Bollinger bands. Thanks 4 ur kindness.
You can subscribe via Email, RSS etc. Its a great indicator…trying it for demo account. When price closes above Doda-Donchian line Sell: This is the modified version of Donchian channel indicator, popularly known as famous turtle indicator.
Notify me of new posts by email. This is a stand alone indicator.
Infact, it depends upon traders strategy. BB-squize dark indicator is a total joke. You indicators a some of the finest available. The main difference is of support and resistance lines.
So post a link to it – let others appraise it. So a 4-barhigh-stopp is adjusted only to the last new area, when a new low was done. Notify me of new posts by email. The stopp from a donchian-HL moves just in cas a new high or low was done.
Notify me of new posts by email. Just downloaded v2, and get only the red dotted line, not the solid blue line. I need an alert when prices touches or orosses the donchian line.
Pending orders and postions are handled based on a daily system. I saw the arrows when I had alert as your screenshot but I dont see them now. Doda Donchian is a technical indicator, which you can use in MetaTrader software — the famous forex trading platform. Remember, no indicator is perfect to give perfect value of stop-loss. Use Doda-Bollinger indicator, given in indicators section.
The entry logik STP-value calculation can be easily changed. Screen alert facility is already in 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.
Doda Donchian Metatrader 4 Indicator
There are many ways to setup stop loss. Depending upon any indicator can not be successful every time. Leave a Comment Cancel Reply Your email address will not be published. And one more clarification Sir, in H4 chart do we need to enter the after completion of the penetrated candle?
Just want to share with you, that stop-loss mentioned here is dosa but the value of Doda-Donchian line. I am satisfied that you shared this helpful information with us.
Right now it only alerts when price touches or passes the BB bands. Yes, different settings have been tested on previous data and finally the most successful settings have been made the default one.