Donchian Channel Breakout - Eterna opens long positions when price breaks above the upper band and short positions when price breaks below the lower band, evaluated after confirmation bars. Positions exit when price crosses the middle line, or the opposite band if middle line exits are disabled. Inputs configure channel period, confirmation bars, middle line exit logic, and webhook order values. Notably, the strategy lacks a defined stop loss or take profit.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
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This strategy enters long or short on the price chart when price is on the correct side of a 200-period EMA, MACD agrees, RSI is not at the opposing extreme, ADX exceeds a threshold, volume beats a 20-bar average, and close breaks the recent high or low. A tim