Donchian Channel Strategy + ADX Indicator Strategy - Swing Strategy -TESTED X100 -AWESOME - PART 2
Donchian channel strategy is a pretty popular trading strategy to trade Forex, Stocks, Cryptocurrency or even indices, it helps define a range where the price is fluctuating and allow traders to make better entries.
The Donchian Channels is formed by taking the highest high and the lowest low of the last n periods. The indicator helps to identify bullish and bearish extremes that reversals and breakouts, The middle band serves as an average between the highest high price levels. We will be trading Donchian Channel trading strategy together with the ADX indicator strategy that has been tested 100 times on this channel. We won’t learn how to trade the ADX indicator this time but will be a dual forex trading strategy that involves the two trading indicators.
The backtesting process will be done on Tradingview and this strategy could also be applied on MT4 but the ADX indicator on MT4 is slightly different.
#Donchian_Channel_Strategy #ADX #Forex_Trading_Strategy #Tested_100_Times #Part_2
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