Donchian Channel Lwma Strategy - 87.2 % Return On Account

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Donchian Channel Lwma Strategy - 87.2 % Return On Account

Published 7/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.53 GB | Duration: 1h 23m

Learn to trade the Donchian Channel LWMA Strategy for 87.2 % Return on Account. Indicators for download is included.

What you'll learn
Trade the Donchian Channel LWMA strategy.
How to create a tradingplan.
Read and understand price charts.
Handle trading psychology.

Requirements
Beginners, no experience needed.

Description
How to trade the Donchian Channel with the Linear Weighted Moving Average 4-hour strategy?Trading strategies can be highly individualized, and the following is a generalized approach combining the Donchian Channel and the Linear Weighted Moving Average (LWMA) for a 4-hour timeframe strategy.Here are the steps for implementing the Donchian Channel with the LWMA 4-hour strategy:1. Set up the Donchian Channel: Calculate the upper channel line, lower channel line, and middle channel line based on a specified period. For this strategy, we use a 20-period Donchian Channel.2. Set up the LWMA: For this strategy, we use a 10-period LWMA.3. Identify bullish signals: Look for opportunities to enter long (buy) positions when the following conditions are met:· The price touched the upper channel line of the Donchian Channel.· The price of the LWMA above the 10-period indicator, indicating a bullish trend.· Set the a stop-loss order below the middle line swing low.4. Additionally, determine a profit target based on your risk-to-reward ratio. In this case 1:1.255. Identify bearish signals: Look for opportunities to enter short (sell) positions when the following conditions are met:· The price toouches the lower channel line of the Donchian Channel.· The price of the LWMA below the 10-period indicator, indicating a bearish trend.· Set the a stop-loss order above the middle line swing low.6. Additionally, determine a profit target based on your risk-to-reward ratio. In this case 1:1.257. Monitor and manage the trade: Once you have entered a trade, monitor it closely. You may consider adjusting the stop-loss and take-profit levels as the trade progresses, based on the evolving market conditions.Remember that no trading strategy guarantees success, and it's essential to practice risk management by controlling position sizes, using stop-loss orders, and avoiding overexposure to any single trade. Additionally, backtesting and demo trading can help you assess the effectiveness of the strategy before applying it to real-market conditions.

Overview
Section 1: Introduction

Lecture 1 Introduction

Section 2: What will you learn in this course.

Lecture 2 What will you learn in this course.

Section 3: Trading plan.

Lecture 3 Trading plan.

Section 4: Trading psychology.

Lecture 4 Trading psychology.

Section 5: What is the Donchian Channel.

Lecture 5 What is the Donchian Channel.

Section 6: What is LWMA - Linear Weighted Moving Average.

Lecture 6 What is LWMA - Linear Weighted Moving Average.

Section 7: Strategy Indicators and Settings.

Lecture 7 Strategy Indicators and Settings.

Section 8: How to trade the Donchian Channel - LWMA strategy.

Lecture 8 How to trade the Donchian Channel - LWMA strategy.

Lecture 9 Trades on live chart.

Lecture 10 Backtest fores pairs.

Lecture 11 Results - 87.2 % Return on the account.

Section 9: Lot size calculations and position placement.

Lecture 12 Lot size calculations.

Lecture 13 Position placement.

Section 10: Leverage.

Lecture 14 Leverage.

Lecture 15 Overleveraging can destroy your account.

Section 11: Drawdown variations.

Lecture 16 Drawdown variations.

Lecture 17 Drawdown - Maximum.

Lecture 18 Drawdown - Absolute.

Lecture 19 Drawdown - Relative.

Section 12: Price chart indicators.

Lecture 20 Price chart indicators and how to read them.

Lecture 21 How to read Candlesticks.

Lecture 22 How to read bar charts.

Lecture 23 How to read Linecharts.

Section 13: Bar chart - The instructors preferred and why.

Lecture 24 Bar chart - The instructors preferred and why.

Section 14: How to handle news and random remarks in your trading.

Lecture 25 How to handle news and random remarks in your trading.

Lecture 26 News inpact in your trading.

Section 15: Forex world trading hours.

Lecture 27 Forex world trading hours.

Section 16: MT4 and Which devices does it work.

Lecture 28 MT4 and Which devices does it work.

Section 17: Disclaimer.

Lecture 29 Disclaimer by Instructor.


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