# Donchian_Channel_EA

Trades based on simultaneous price touches across up to 4 timeframes with shared basket money management.

Canonical: https://prismaticalgos.com/compendium/algo/11805-donchian-channel-ea
Record ID: 11805
Catalog rank: 2 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trend Following & Directional (A)
Source: https://github.com/Shifrozy/MT5-Donchain-EA
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: EURUSD, GBPUSD, USDJPY, AUDUSD
- timeframes: M5, M15, M30, H1
- sessions: any
- market_regime: any

## Indicators

- Donchian Channel: {"period": 50}; applied to: high, low

## Recorded long-entry rules

- Upper Donchian Level touch on at least 3 timeframes

## Recorded short-entry rules

- Lower Donchian Level touch on at least 3 timeframes

## Recorded exit rules

- Take Profit at TP_Pips, Stop Loss at SL_Pips

## Recorded filters

- Max_Basket_Loss_USD 1000.0
- Max_Basket_Profit_USD 2000.0
- Lock Trading_After_Target true

## Risk controls

- Stop loss: Stop Loss distance in pips (40)
- Take profit: Take Profit distance in pips (40)
- Position sizing: Fixed lot size per trade (1.25)