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Strategy based on DNC channel indicator (viewtopic.php?f=17&t=20&p=21&hilit=DNC#p21).
Strategy open/close orders when price touch channel.



Download:


For this strategy must be installed DNC indicator (viewtopic.php?f=17&t=20&p=21&hilit=DNC#p21).

The Strategy was revised and updated on November 21, 2018.

thanks a lot

Hello,

Thank you for this code. I managed to modify it a little to fit my actual trading strategy.
Still, I have a question: why none of the strategies posted here work on tick time frame ?


Thanks again,
Coldrecs

DNC indicator use high and low prices which are absent for ticks.

May I request an improvement to this strategy? There needs to be a directional bias. Trades should open in the direction of the trend only. Consequently, long trades will open on higher highs: short trades will open on lower lows. The way to hard code this into the strategy appears simple. At the moment the trade is opened when the specified DNC channel is breached , i.e. a "breakout" in either direction. This may be achieved by comparing plateaus (horizontal parts of the DNC channels) such that a long trade should only open if the "breakout" is of an upper DNC channel that is ascending i.e. the breakout is of a plateau that is higher than the last upper channel plateau; and similarly, a short trade should only be opened if the breakout is of a lower DNC channel that is decending, i.e. the breakout plateau is lower than the last lower channel plateau. Are you able to code this please?

I am actually having problems with this strategy. I tried to use the funciton "exit on centre line crossover" but it didn't seem to exit. I obviously misunderstand what this function does.

Can you explain each of the parameters on this very complex strategy please?

There is a latency problem with this strategy. Please see the attachment (3 screen shots) and the comments on that image.

BlueBloodedTrader, Hi,
It seems to me that the strategy waits for the candle to close and if the conditions met at the close of the candle then the exit or entry follows in the subsequent candle. That makes sense since it could be false breakout.

Would it be possible to change it so that the strategy enters a trade the moment it touches or passes the Donchian Channel, instead of waiting for the candle to close?

Thanks
Laners303

Such a thing is possible.
We can use the High / Low values ​​instead Closing Price.