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.