Doda Donchian Metatrader 4 Indicator
A modificated version of the well known turtle indicator with very simple rules to buy and sell currencies. Works with all currency pairs and timeframe’s. The indicator contains an automated suggested stop-loss for long and short trades.
BUY: Price breaks and closes above the red line.
SELL: Price breaks and closes below the red line.
TRAIL: Trail stop-loss a few pips above/below the red line.
EUR/USD Daily Chart Example