Donchian Volume uses Donchian channel breakouts confirmed by rising volume to initiate trades.
A move outside the channel on strong volume suggests the start of a new trend.
The strategy enters in the direction of the breakout and exits when price closes back inside the channel or volume wanes.
Stops are set a short distance inside the channel to protect against false moves.
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[][b]Entry Criteria[/b]: indicator signal
[][b]Long/Short[/b]: Both
[][b]Exit Criteria[/b]: stop-loss or opposite signal
[][b]Stops[/b]: Yes, percent based
[][b]Default Values[/b]:
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[][b]CandleType[/b] = 15 minute
[][b]StopLoss[/b] = 2%
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[][b]Filters[/b]:
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[]Category: Breakout
[]Direction: Both
[]Indicators: Donchian Channel, Volume
[]Stops: Yes
[]Complexity: Intermediate
[]Timeframe: Intraday
[]Seasonality: No
[]Neural networks: No
[]Divergence: No
[]Risk level: Medium
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