Donchian Scanner

Major Features & Functions

  • Donchian Scanner is based on the best Donchian Channels and identifies sniper accurate trade opportunities for you on autopilot!
  • This multi-function indicator includes the complete Donchian Channel trading system with Entry, Stop Loss and 3 Take Profit Targets. It has an amazing success rate that is updated with every trade.
  • Main Features:
  • Automated entry & exit signals – detects trading opportunities and provides you with take profit & stop loss
  • Trend Scanner – a multi-symbol and multi-timeframe scanner shows the direction of the trend, success rate, and rating
  • Statistical Dashboard Panel – shows the success rate, entry signal, and total profit/loss of each currency pair so you know exactly the result
  • Alerts, Email, and Push notifications – receive notifications when a new buy or sell signal is identified.
  • Customizable, non-repainting, no backpaints – you can customize the look and feel of the scanner to increase real estate. The indicator never repaints or backpaints.

Identify trade & Setup with Donchian Scanner

  • Make your trading much simpler with this easy simple steps! 
  • 1. Trade Analysis
  • Enter a trade if success rate is 70% or greater and the profit shows positive
  • 2. Take Profit
  • Option 1 – Take profit on TP1
  • Option 2 – Partial Take Profit on TP1 and close remaining positions on TP2 and/or TP3
  • Option 3 – Take Profit on opposite signal and ride the trend
  • 3. Stop Loss
  •  
  • Option 1 – set your fixed stop loss level based on provided SL value
  • Option 2 – exit your buy position on a new sell signal and exit your sell position on a new buy signal
  • Multi-Timeframe Analysis
  • To get the best results and generate higher probability of success, you can trade when the higher timeframe and the lower timeframe are in the same trend direction.