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The Donchian channels are set as. First channel to 60 periods - white channels. Second channel to 20 periods - magenta channels. Third channel to 10 periods - yellow channels. Under input the ADVANCE is set to 2 on all channels, that mean that the channels. THis have the effect that candles can lindencourt daily forex system through the lines, of the advance is set to 0 then the candles will be contained by the channels.
If you want to trade only short time frames you can delete the 60 period. If you want to trade only longer time frames you can delete to 10 period. For short time frame trading enter when price break to Don 20 Magenta and exit. For longer term enter when Don 60 white channel is broken and exit when retrace. In other words enter a trade on either a break of the 20 or 60 longer Don channels and exit on a shorter channel. I further look at the MA and enter in the direction of the shorter green.
A Simple Forex Trade That Makes Quick Profits on the Daily Chart
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