# Donchian Gold EA

Trades gold on a higher-timeframe channel breakout with a trailing stop and wide take-profit.

Canonical: https://prismaticalgos.com/compendium/algo/5690-donchian-gold-ea
Record ID: 5690
Catalog rank: 924 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trend Following & Directional (A)
Source: https://www.mql5.com/en/market/product/183831
Evidence label (unverified): backtest_shown

## 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: XAUUSD
- timeframes: H4
- sessions: any
- market_regime: trending|volatile

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- price breaks above the 20-period high of the 20-period high channel

## Recorded short-entry rules

- price breaks below the 20-period low of the 20-period low channel

## Recorded exit rules

- trailing stop activated after 2.5x volatility units, moves 1.5x volatility units

## Recorded filters

- max spread 500 pts
- max risk multiple 2.0

## Risk controls

- Stop loss: stop loss from the moment the order opens, sized from live volatility
- Take profit: wide take-profit sits behind the trailing stop as a ceiling
- Position sizing: risk per trade (%)