Strategy combining Donchian Channel breakout with MACD trend confirmation.
The strategy waits for a Donchian breakout and verifies momentum with MACD. Long or short trades ride the move once MACD agrees.
Aimed at breakout enthusiasts wanting confirmation. Stops are placed using an ATR multiplier.
- Entry Criteria:
- Long: Price breaks Donchian high && MACD > Signal
- Short: Price breaks Donchian low && MACD < Signal
- Long/Short: Both
- Exit Criteria: MACD reversal
- Stops: Percent-based using StopLossPercent
- Default Values:
- DonchianPeriod = 20
- MacdFast = 12
- MacdSlow = 26
- MacdSignal = 9
- StopLossPercent = 2m
- CandleType = TimeSpan.FromMinutes(5).TimeFrame()
- Filters:
- Category: Breakout
- Direction: Both
- Indicators: Donchian Channel, MACD
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Mid-term
- Seasonality: No
- Neural Networks: No
- Divergence: No
- Risk Level: Medium