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