The Donchain Channel Metatrader 4 Forex Robot is an expert advisor that trades in line with support and resistance based on the Donchain Channels.
When plugged in MT4, the Donchain Channel forex robot executes profitable buy and sell entries while managing such positions in an autopilot mode.
The central idea behind the Donchain Channel EA is the ability to analyze the market and spot solid entry and exit points.
The Donchain Channel expert advisor also has an inbuilt system functions that properly deals with money management and risk management.
Major currency pairs like the EUR/USD, GBP/USD, USD/JPY, USD/CAD, etc. are well accommodated asides other forex pairs and stocks listed on NASDAQ.
In all of these, an optimal personalize trading experience can always be attained if you fiddle with the default Donchain Channel EA’s input values.
Download the “DONCHAIN CHANNELS.mq4” MT4 robot
Strategy Tester Report
Find below the Donchain Channel forex robot strategy tester report for the GBP/USD forex pair on the daily chart.
The EA made a total profit of $6846.33 from a total of 134 trades. The largest winning trade generated $598.34 in profits while the largest losing trade generated a loss of-$164.35.
Bars in test: 2411 ticks modelled
Initial deposit: $10000.00
Total net profit: $6846.33
Total trades: 134
Largest profit trade: $598.34
Largest loss trade: -$164.35
Consecutive wins: 2
Consecutive losses: 2
Download the “DONCHAIN CHANNELS.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: BarsToCount, Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Donchain Channel
Copy and paste the DONCHAIN CHANNELS.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)