Automatic Trading DONCHIAN Channel

Steven · 2018-06-02T19:39:08+00:00

Hi im looking for some help to put a automated code together BUY ORDER If EMA 10/25 is BELOW Dounchain Channel Middle THEN place BUY order when candle stick hits Dounchain Channel DOWN. Close order when NEXT candle Stick hits EMA 10 SELL ORDER If EMA 10/25 is ABOVE Dounchain Channel Middle THEN place SELL order when candle stick hits Dounchain Channel UP. Close order when NEXT candle stick hits EMA 10 Moderator edit: please don’t share personal information on forums. Thanks.

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06/02/2018 at 8:39 PM #72076 quote

Steven
Participant

New

Hi im looking for some help to put a automated code together BUY ORDER If EMA 10/25 is BELOW Dounchain Channel Middle THEN place BUY order when candle stick hits Dounchain Channel DOWN. Close order when NEXT candle Stick hits EMA 10 SELL ORDER If EMA 10/25 is ABOVE Dounchain Channel Middle THEN place SELL order when candle stick hits Dounchain Channel UP. Close order when NEXT candle stick hits EMA 10 Moderator edit: please don’t share personal information on forums. Thanks.

06/02/2018 at 9:27 PM #72080 quote

Nicolas
Keymaster

Legend

Hi,
>> Please update your country flag in your profile. Thank you 🙂 <<
Topic moved in automatic trading forum.

06/02/2018 at 10:15 PM #72087 quote

Steven
Participant

New

Hi done – can you help with the code?

06/03/2018 at 2:58 PM #72118 quote

Steven
Participant

New

that should read donchain not dounchain

06/04/2018 at 8:27 AM #72159 quote
Nicolas
Keymaster

Legend
Here is the code for your Donchian automatic trading strategy:
```
DEFPARAM CumulateOrders = False 

donchianperiod = 20 

// indis 
hh = highest[donchianperiod](high)
ll = lowest[donchianperiod](low)
mid = (hh+ll)/2
ema10 = exponentialaverage[10]
ema25 = exponentialaverage[25]

// trading 
if ema10>mid and ema25>mid then 
buy 1 contract at hh stop 
endif 

if ema10<mid and ema25<mid then
sellshort 1 contract at ll stop
endif

// exit trigger
if longonmarket then 
sell at ema10 stop 
endif
if shortonmarket then 
exitshort at ema10 stop
endif
```
You did not tell what would be the Donchian channel period, so I made it as a variable you can change (default is 20 periods).
05/22/2020 at 10:33 AM #132785 quote

Jaanboy321
Participant

Average

I’m looking for similar help. Is it possible to share code so I can OPEN a short position if price crosses Upper Donchian Channel THEN close order when it crosses Donchian Lower Channel (only one order open at any one time)? I can use this when there is a strong downward trend -thanks.
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