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The Donchian Scalper EA is a totally automatic pro Advisor that deals based
on the Donchian index. EA trades using market orders and
uses averaging to positively negate
positive results. This Expert Advisor works best on USDJPY,
using the M5 interval. VPS is recommended when trading this system.
Check the comments for reverse evaluation results and optimized
settings.

direct testing signs – https://www.mql5.com/ru/signals/author/robots4forex

Features

  • Fully automated
  • Not sensitive to propagation
  • Risk management
  • always stop loss in place
  • Hedge accounts only
  • This system is able to satisfy the requirements of the NFA / FIFO
  • All you need is a VPS

Input Settings

Order Settings

  • magicordernumber – a unique number for EA to identify their trades. Any integer.
  • Lots – the number of fixed lots per trade if money management is disabled. Values from 0.01 to 50.0.
  • Slippage – slippage in points. Values from 1 to 10.
  • MoneyManagement – when enabled, trading lot sizes are calculated based on account risk, true / false.
  • moneymanagementrisk – risk per trade if money management is enabled . Values from 0.01 to 0.1.
  • allownewtrades-Turn this to disable new trades, true / false.
  • accountprofitlock – If money management on EA stops trading if the account balance
    falls to this fraction of the maximum account balance (0.5 = 50% of the balance
    on the account). Values from 0.0 to 1.0.
  • nfa_fifocompliant-Enable this if you need it to meet the NFA and FIFO requirements, true / false.

Input Settings

  • timeframe-drop-down timeframe selection to block EA before the timeframe, so that
    the chart timeframe selection does not affect EA. When testing, make sure,
    that the time of the tester is set to one value.
  • trend1timeframe – drop-down timeframe schedule for detecting the first trend.
  • trend2timeframe-drop-down timeframe selection for the second trend detection.
  • MaxSpread – Maximum spread in points that EA will trade. Values from 1.0 to 10.0.
  • donchianperiod – the period used for the Donchian metric. Values from 5 to 40.
  • TakeProfit – Take profit (setting to 0 is disabled). Values from 2 to 10, depending on the pair being sold.
  • StopLoss-fixed stop losses visible to the broker-values from 25 to 200 depending on the pair being traded.
  • Averaging – when enabled, averaging is used to restore negative trades, true / false.
  • averagingstep – negative movement in points against the current trade to start the next averaging trade. Values from 5 to 100.
  • averagingmultiplier-Lot multiplier for averaging trades. Values from 1.0 to 2.0.

Optimization and defaults

Default values for USDJPY M5. If optimization, optimization donchianperiod, TakeProfit , StopLoss, AveragingStep and averaging of the multiplier required to achieve the best results.

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The Donchian Scalper EA is a totally automatic pro Advisor that deals based
on the Donchian index. EA trades using market orders and
uses averaging to positively negate
positive results. This Expert Advisor works best on USDJPY,
using the M5 interval. VPS is recommended when trading this system.
Check the comments for reverse evaluation results and optimized
settings.

direct testing signs – https://www.mql5.com/ru/signals/author/robots4forex

  • Fully automated
  • Not sensitive to propagation
  • Risk management
  • always stop loss in place
  • Hedge accounts only
  • This system is able to satisfy the requirements of the NFA / FIFO
  • All you need is a VPS

Order Settings

  • magicordernumber – a unique number for EA to identify their trades. Any integer.
  • Lots – the number of fixed lots per trade if money management is disabled. Values from 0.01 to 50.0.
  • Slippage – slippage in points. Values from 1 to 10.
  • MoneyManagement – when enabled, trading lot sizes are calculated based on account risk, true / false.
  • moneymanagementrisk – risk per trade if money management is enabled . Values from 0.01 to 0.1.
  • allownewtrades-Turn this to disable new trades, true / false.
  • accountprofitlock – If money management on EA stops trading if the account balance
    falls to this fraction of the maximum account balance (0.5 = 50% of the balance
    on the account). Values from 0.0 to 1.0.
  • nfa_fifocompliant-Enable this if you need it to meet the NFA and FIFO requirements, true / false.

Input Settings

  • timeframe-drop-down timeframe selection to block EA before the timeframe, so that
    the chart timeframe selection does not affect EA. When testing, make sure,
    that the time of the tester is set to one value.
  • trend1timeframe – drop-down timeframe schedule for detecting the first trend.
  • trend2timeframe-drop-down timeframe selection for the second trend detection.
  • MaxSpread – Maximum spread in points that EA will trade. Values from 1.0 to 10.0.
  • donchianperiod – the period used for the Donchian metric. Values from 5 to 40.
  • TakeProfit – Take profit (setting to 0 is disabled). Values from 2 to 10, depending on the pair being sold.
  • StopLoss-fixed stop losses visible to the broker-values from 25 to 200 depending on the pair being traded.
  • Averaging – when enabled, averaging is used to restore negative trades, true / false.
  • averagingstep – negative movement in points against the current trade to start the next averaging trade. Values from 5 to 100.
  • averagingmultiplier-Lot multiplier for averaging trades. Values from 1.0 to 2.0.

Default values for USDJPY M5. If optimization, optimization donchianperiod, TakeProfit , StopLoss, AveragingStep and averaging of the multiplier required to achieve the best results.

Our Useful Features & Services

Published

17 August 2018

Updated

17 October 2018

Current Version

1.4

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