Forex “DONCHIAN” Super Signals Channel System with Step MA Double MACD Filter [9044]

High accuracy “Forex “DONCHIAN” Super Signals Channel System with Step MA Double MACD Filter” – Donchian Super Signals Channels are two lines generated by moving average calculations that comprise an indicator formed by upper and lower bands.

The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods. The area between the upper and lower bands represents the Donchian Super Signals Channels.

• Time Frames: H4 or higher
• Currency Pairs: Any

 

• Super Signals Channel
• Step MA
• MACD

 

• Download “ForexWOT.Com-DonchianSuperSignalsChannel” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-DonchianSuperSignalsChannel.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-DonchianSuperSignalsChannel” trading  system and strategy
• You will see “Forex “DONCHIAN” Super Signals Channel System” is available on your Chart

 

• Super Signals Channel: Lime “UP” arrow below the previous swing low
• Step MA: Lime line
• MACD: Above the level 0 line

 

• Super Signals Channel: Red “DOWN” arrow above the previous swing high
• Step MA: Red line
• MACD: Below the level 0 line

 

Markets move according to many cycles of activity.  An arbitrary or commonly used N period value for “DONCHIAN” Super Signals Channel may not reflect current market conditions, generating false signals that can undermine trading and investment performance.

But however, this is a very simple and high accuracy trading system.
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