Most of the trading systems I've come across simply "piles" pre-built indicators (such as the Stochastics, RSI, CCI, etc.) on top of one another, adds some money management, and that's it. One of these indicators is the Donchain Channel (which is a channel that is used for breakouts). At first glance, the Donchain Channel indicator should be traded as a breakout -- simply buy when you cross the upper band, sell when you cross the lower. I ran across a system that uses these bands in a more unique fashion -- to predict pullbacks and rake in pips while doing so. Check out the information below to find out if this system turned out profitable or not...
Another week has come and gone and there is plenty in the news to talk about. Facebookâs upcoming IPO has gained most of the headlines, and for good reason. Gold has been falling at a steady pace recently and worries over the Euro Zone debt issues continue to threaten the high prices of gold right