Use Case
For trend traders catching medium-to-long swings in directional markets — pending order entry with channel-based trailing exits.
The Donchian Channel is one of the oldest trend breakout indicators. This EA turns it into a fully automated trading system.
Entry
The EA places BuyStop and SellStop orders at the upper and lower channel boundaries. When price breaks through, the order fills automatically — no chasing, no market order slippage.
Exit & Stop Loss
- Initial stop loss is placed at the exit channel (opposite boundary)
- The stop trails dynamically as the channel moves, tightening as the trend extends
- Optional midline exit: closes the position when price returns to the channel center — better suited for swing-style trading
Position Sizing
Lot size is calculated from account equity and your chosen risk percentage. A margin check runs before each trade — if funds are insufficient, the trade is skipped. ATR sets the minimum threshold for stop adjustments, preventing unnecessary modifications during minor fluctuations.
The philosophy is straightforward: ride the trend, cap the downside, let profits run.
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Platform
MT5
Last Update
Jan 2026
Features
- Pending orders at channel boundaries, no chasing or slippage
- Dynamic trailing stop along exit channel with optional midline exit
- Equity-percentage position sizing with margin sufficiency check
Need Custom Features?
Extend this EA with custom functionality or strategy adjustments
