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Donchian Channel Bounce Long/Short Various Strategy

by TrendSpider Team
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This strategy, tailored for long positions on QQQ and short positions on ES_F, uses a 15-minute timeframe for QQQ and a 4-hour timeframe for ES_F. It signals trades based on bounces off the lower Donchian Channel, setting specific take profit and stop loss levels. While developed for an ETF and a futures contract, it could be effective for similar trading instruments.

Entry Conditions

All of the following: # PA Entry
  15min Chart Bounce Off 15min Donchian Channels (20, 0), Low

Exit Conditions

Take Profit Exit if gained more than 1%.
Stop Loss Exit if lost more than 1%.

Developer Info