Blue Sonic Donchian MT5

Overview of Blue Sonic Donchian MT5

• Blue Sonic Donchian is a state-of-the-art trading robot designed for the MetaTrader 5 platform, utilizing the Donchian channel concept.
• It is a multi-currency and multi-timeframe expert advisor that can operate efficiently from a single chart setup.
• The core logic integrates grid trading strategies to optimize returns while mitigating risks associated with manual decision-making.

Key Features

• One-Chart-To-Rule-Them-All: Trade multiple symbols across various timeframes from a single chart.
• Dynamic parameters: These are adapted weekly to respond to current market trends and volatility metrics.
• Three execution methods: Supports breakout, reversal strategies, or a combination of both.
• Advanced NewsFilter: Users can customize grid trading and exit methods around significant news events.
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Essential Trading Logic

• Utilizes the Donchian channel to determine market trends by plotting the highest highs and lowest lows over a specified period.
• A significant price breach above or below the channel’s boundaries generates actionable trading signals.
• Adaptability to various trading styles: From trend-following to night scalping.

Trading Recommendations

• Minimum account balance: $1500 (for 1:500 leverage) or $3000 (for 1:200 leverage).
• Start lot size recommendation: 0.01 for optimal risk management.
• Recommended trading symbols include XAUUSD and major forex pairs while avoiding JPY and other exotic pairs.
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Performance Indicators

• Built-in GridRescue™ module to enhance risk management and recover from adverse market conditions.
• Ability to implement trailing stops, protecting profits while allowing for additional earnings as trades progress.
• Supports backtesting functionality to test different strategies using simulated historical data.