Professional unique author's Forex indicator VR Donchian for MetaTrader – profitability, video reviews, settings, reviews and discussions. Download it for free.
Version: 21.080
Updated: 19.08.2021
Added: 08.10.2018
License: Free
Price: 0 $?
Information!
0 $ - Payment and an affiliate program are NOT required.
0 $ - Payment and an affiliate program are NOT required.
Program version for working on real, demo, training accounts and in the strategy tester. The archive contains program versions for MetaTrader 5 and MetaTrader 4, settings files, additional materials.The program works in: - Strategy Tester – activation or license are not required. - Demo account – activation and license are not required. - Real account – at the first start, you obtain a test period of 30 days. At the end of the test period purchase or "Free license"
Review
The VR Donchian indicator is an improved version of the Donchian channel. Improvements have been made to almost all channel functions, but the basic algorithm and channel construction have been preserved. The Bala indicator adds a change in the color of the levels depending on the current trend - this clearly shows the trader a change in the trend, a flat. It was added the ability to inform the trader about the breakdown of one of the two channel levels on a smartphone, email, or in the MetaTrader terminal itself. Price tags have been added, which allow the trader to see the prices of the levels on the chart. The algorithm of the classic Donchian indicator has been optimized and accelerated due to the fact that the trader can set himself how many periods the indicator will calculate. The classic Donchian indicator calculates the entire history available in the MetaTrader terminal, which greatly loads The MetaTrader terminal with mathematical calculations. The VR Donchian indicator only calculates the amount that the trader sets in the setup, which reduces the load on the MetaTrader terminal by tens or hundreds of times.
Donchian Channel is a channel indicator developed by Richard Donchian. The Donchian channel is considered one of the most accurate channels. The classic Donchian channel indicator is built on the tops of local highs and lows. it is a variation of the breakout rule of the trading interval.
Advantages
One of the most accurate indicators showing channels.
Ability to receive messages via Alert on the screen, Push message to your smartphone and email message.
Suitable for any financial instruments, Forex, Crypto, CFD, Metalls.
The indicator is not redrawn.
Easy to install - just drag the mouse over the chart.
It works in the strategy tester, on demo accounts, and on real accounts.
Suitable for both beginners and professionals, the indicator is based on classic trading rules.
A large number of settings that help you customize the indicator to Your liking.
The indicator can transmit the signals by standard methods via buffers and using global variables of the terminal.
There are two versions for the MetaTrader 4 and MetaTrader 5 terminal.
This indicator is considered one of the most effective tools for determining a trend or flat, as well as the overall current trend in the market. The indicator works according to the main classical rules for determining the trend.
The rule of trend detection:
If a new local high is higher than the previous one and a new local low is higher than the previous one, it is considered that the trading instrument is in an uptrend.
If a new local high is lower than the previous one and a new local low is lower than the previous one, it is considered that the trading instrument is in a downtrend.
If we cannot apply any of the two rules described above to the current trend it is considered that there is no certainty on the trading instrument or flat on the other.
Algorithm of operation
The indicator's algorithm is simple and reliable. The indicator calculates local highs and local lows and draws lines based on the values found. When the price builds a new high, the indicator takes into account the new value and displays the line with the new high.
Profitability
To calculate the approximate profitability of the indicator, a simple trend calculation function was built into the program code. This function can be enabled in the indicator settings ( ! Show profitability statistics). This function works once and calculates the number of periods specified in the settings (the Number of displayed periods). In order to calculate the effectiveness of the calculation, the level breakdown strategy is used. If the price rises and breaks through the upper level, the indicator counts the trend until the reverse signal appears. For downtrends, the price is considered to fall below the level, and the reverse signal is considered to be the end of the trend. The screenshot shows the yield of the EURUSD currency pair the indicator is launched on an hourly timeframe with a period of 28.
In the figure, the yield on the rising trend was almost 6,500 points, and on the descending one 7,500 points.
Recommendations
The longer the period in which you use the indicator, the more accurate its readings will be and the larger the trend (in size) can be determined.
Sharing the indicator with Your trading strategy will increase the probability of success and reduce the likelihood of losses.
Avoid moments of uncertainty and trading at the time of news release.
Select the indicator period based on the last uncertainty zone. Set such a period that there are no false trend indications in the zone of uncertainty.
Use multiple copies of indicators with different periods, such as the period of the first indicator 21 and the period 48 of the second indicator.
Buy when the upper level is broken and sell when the lower level is broken, good signals are obtained when the price breaks through several lines of different indicator periods, at the same level.
Do not use statistics yield constantly, the statistics of the yield recommend that you use only in the selection period or for analyzing new financial instrument.
Settings
>>> Main indicator settings <<<
Indicator period - the number of periods to search for highs and lows.
Number of displayed periods - the number of periods to display on the chart.
Show price tags - show price tags on against each of the lines.
! Show yield statistics - displays statistics for a currency instrument. It is recommended to use it only when calculating a new financial instrument.
>>> Settings, the top line <<<
Color of the top line when increasing
Color of the top line when lowering
The thickness of the top line
The style of the top line
>>> Settings, mid-line <<<
The color of the middle line with increasing
The color of the middle line by lowering
The thickness of the middle line
The style of the middle line
>>> Lower line settings <<<
Color of the bottom line when increasing
Color of the bottom line when lowering
The thickness of the bottom line
Bottom line style
>>> Notification settings <<<
Push Notification to your smartphone - a button to the chart to enable Push messages.
Email Notification - adds a button to the schedule to enable email messages.
Alert - notification in the terminal-adds a button to the chart to enable Alert messages.
Globals - Create and maintain global variables-creates and fills in global variables that can be used to get prices of levels in another indicator or expert Advisor.
Text size in notification buttons - the size of icons in notification buttons.
Notification button size - the size of the notification buttons.
The angle of placement of the buttons - make a button for notifications in the selected corner.
Shift buttons on the X - axis-Moves the notification buttons on the x-axis.
Y-axis offset - Moves the notification buttons along the y-axis.
Video
Updates
Version 21.080 - 19.08.2021
Optimization of the code Removed unnecessary elements The program is compiled in the latest version of the terminal
Update history — latest 5 versions
Version 20.060 - 14.06.2020
Code optimization for the new terminal build
Version 20.058 - 30.05.2020
Fixed the display of colors
Version 20.057 - 27.05.2020
Code optimization
Bug fixes
Version 20.030 - 23.03.2020
Optimized:
Program code.
Added:
Ability to set the number of displayed periods - the fewer periods displayed, the faster the indicator works.
Ability to receive signals for other programs via global variables.
Ability to choose one of three methods of notification of traders, Push, Alert, E-mail.
Question: Which timeframe is better to use for the VR Donchian channel indicator?
Answer: the most suitable timeframe for the VR Donchian indicator is the timeframe where the price goes a long distance after breaking through. The older the timeframe, the bigger the trend can be "caught", the smaller the timeframe, the smaller the trend will be. The author of the VR Donchian modification recommends using the indicator from the 30-minute time frame.
Reviews and discussions
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30$ - The price of the program for rent for a time, the price is indicated for the minimum period. The maximum number of computers is 30. There are no other restrictions.
148$ - The price of the unlimited program version, including discounts. The maximum number of computers is 30. There are no other restrictions.
The trading strategy is similar to the swing strategy, if we made a wrong purchase, then we make a sale. Algorithms for protection against high-risk situations is an interesting feature of this program. VR Black Box uses real Stop Loss and Take Profit levels, and can also use virtual levels, while using real levels, the expert adviser hides virtual levels. I started developing this trading strategy in 2009. A large number of improvements and modifications have been implemented in the VR Black Box expert adviser over this more than ten-year period.
0 $ - Payment and an affiliate program are NOT required.
The script uploads the trading history according to the specified settings. In the uploaded file, the trader can see hidden fees and real prices for executing trading orders. It is designed to create reports in csv format for a more in-depth analysis of the trading history in Excel, Openoffice and Libreoffice.
30$ - The price of the program for rent for a time, the price is indicated for the minimum period. The maximum number of computers is 30. There are no other restrictions.
122$ - The price of the unlimited program version, including discounts. The maximum number of computers is 30. There are no other restrictions.
VR System is not just an indicator, it is a well-balanced trading system that includes combined simple Moving Average and Donchian channel indicators. The system is based on classic trading rules. The VR System trading system takes into account the rules for entering the market, rules for holding a position in the market, and rules for exiting a position.
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