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The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe.
The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close.
The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers.
The trader has also the option to use the Stochastic indicator to confirm the entries and/or the exits.
The type of Heiken Ashi candles can be customized by the trader (smoothed Heiken Ashi candles or any other values can be chosen for the Heiken Ashi’s moving averages length, type, shift etc.).
The Robot FX Non Lag MA expert advisor was built for traders trading with the trend and whose forex trading strategy is defined by the “trend is your friend” motto.
The green arrows indicate possible entries (in the screenshot).
One thing to be mentioned is that the EA also uses - if the trader wants to - the swing zone confirmation for its entries, same swing zone used by both Fluid and Non Lag MA expert advisors.
are designed to trade forex automatically, without the trader's intervention.
When choosing a FX EA trading robot it is important to understand how the fx robot trades, how it opens a trade and manages the opened forex trades.
During and immediately after the news the price is likely to move in either direction, up or down, therefore triggering one of the pending orders.