Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
RoyalPrince Donchian EA (NO MARTINGALE, NO GRID, NO HEDGE) Opens orders based on OPEN TICK PRICE. Has many options inside
Fixed Lots, Hard Take Profit, Hard Stop Loss, TP & SL can be set by Percentage or set in Points or turned off completely.
Dynamic settings for Donchian Channel Indicator Settings ,
Trailstop with the ability to control if you want it only control buy orders or sell orders or both . also you can control by comment or magic number so that if you have other trades on the same currency pair you can then not have the trailstop manage them or manage them if you want.
The ea trades the reversal so when the bar crosses over the high point of donchian it will place a sell and when it crosses over the lowest point it will take a buy, when testing try to make sure you keep a ratio of 2:1 so that your wins are larger than your loses.
When backtest use OPEN PRICE
You must backtest using Proper Latency of Ping to your broker
Backtest using broker that you will use in demo or live account
Can be uses on any currency pair
- Screenshots are from a 10 year backtest on EURUSD from 2013-2023 feb 20th using my actual ping delay to get the most accurate results.
- Screenshot is also the settings i used in the backtest.
- Ea works best in H1 timeframe but works with all timeframe
- Optimize the ea for the best results with your broker and the pair that you choose to use.
the picture of Current Testing Settings is what i am currently testing since i did a small backtest from the start of this year. just to see how it does.
