Donchian Channels
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Hi there,
Could somebody have a look at my Donchian Channel system. I am testing it in the Strategy Tester but it is not even generating trades? Not sure why. I imported an external DC indicator, if there is a function embedded in fxDreema (indicator, or just highest highs of last x candles), thanks for letting me know! -
The nature of the standard Donchian Channel is such that candle 1 will not close above or below the channel as set by candle 1 because the channel lines are the highest and lowest point of the last 20 (in your case) candles. Therefore the candle cannot close above the high of a range of which it is part. If you change the candle id in the right-hand side of the condition blocks to 2 you should find the EA makes trades.
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Thanks a lot CPBonzo. Works perfectly now.