693# Donchian middle band crossover

Submit by Angel 22/07/2016

Donchian middle band crossover is a trading system trend-momentum but the direction of the market is determined by price action of the channel.

It may seem like a complex system but really simple. You make money with this system.

Time frame 15 min or higher.

Financial market:any.

Metatrader indicators:

Trendline lnx (optional);

ml non lagma nrp period 9;

SHI Channel lead indicator;

Price channel Zig Zag;

Donchian channel atr lead indicator;

in the same sub window

RSX x2 lead indicator;

insyindex ;

WPR MTF 14 period,

Elliot wave indicator (optional).

Trading Rules Donchian middle band crossover simple version:

Tradin only in the direction of the trend of SHI Channel.

Buy

SHI Channel pointing up;

Non lag ma aqua color;

the candle close above midde band of donchian channel;

WPR or insyindex above rsi (red or blue line).

Sell

SHI Channel pointing down;

Non lag ma red color;

the candle close below midde band of donchian channel;

WPR or insyindex below rsi (red or blue line).

Exit position

place initial stop loss above below the previous swing.

Profit Target 3 pips before the bands.

In the pictures Donchian middle band crossover in action.

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