Davinci Donchian (formerly Nadex Solutions) Nadex Signals


The Davinci Donchian strategy is based on re-entry into the donchian channel.  It is meant for Nadex only and should be run on the 15 minute timeframe.


1. RECEIVE THE TRADE via MT4

2. LOGIN to your NADEX account

3. CHOOSE TOP OF THE HOUR EXPIRY (Example – a trade call is given from 1:00-1:30pm – you would choose 2pm expiry on Nadex)

If a signal is given at 15 before the top of the hour, then choose the next hour expiry (Example – a trade call is given at 1:45pm – you would choose 3pm expiry on Nadex)

4. Nadex Indicative Price – Nadex uses an indicative price, not actual price that is provided with other brokers.  For all signals –

Buy – @ or below strike given

Sell – @ or above strike given


***Please note that your Expert Advisor runs on a forex platform and can differentiate with Nadex indicative prices.  They are based on the high/low of the previous hour candle.

This is very important to note because it can affect trading results performance.  We highly recommend that you either:

  1. Check your Nadex chart’s previous high/low of previous hour
  2. Load the Tools Provided onto MT4, so that you have a clear visual of the trade setup and see what the Nadex Indicative difference is currently

5. ENTER WORKING ORDER – Or grab at market price! Many times, if you are patient or if you enter a working order, then you can get a more lucrative position. Trade signals normally reach an ITM ($20 profit per contract) or ATM ($40-60 profit per contract) before expiration of the trade.

What is a WO?  WO means working order.  You can set a WO on the Nadex platform so that you get a good risk to reward for the trades.  If price reaches that WO then it fills automatically, instead of sitting and waiting for a good price.  Here is a good reference on WOs –CLICK HERE


How Do Other Members Prefer To Trade The Signals?

Multiple Working Order Method

Many of our members prefer to set multiple WOs for each signal sent out.  This way, they are staying more profitable and by setting WOs, they do not have to sit around a computer all day chasing trades.

Example:

Dan prefers the Multiple WO Method and his trading plan allows him to take 10 contracts per trade.  He uses the following risk to reward plan for each signal:

80/20 – 2 contract

70/30 – 2 contracts

60/40 – 2 contract

50/50 – 1 contract

40/60 – 1 contract

30/70 – 2 contracts

If the WOs fill then great!  If not, then he moves on to the next trade.

(This is something you will want to demo before going live with, but it is a great approach to taking these trades…another thing to think about is that if a trade does go against you on the ATM level, the ITM trades can make up for a loss very easily).


Multiple Strike Method

Many of our members also prefer to take multiple strikes for each trade signal.

Example:

Susan prefers the Multiple Strike Method and her trading plan allows her to take 10 contracts per trade.  She uses the following risk to reward plan for each signal:

There was a signal sent to Buy EUR/USD at or below .7216

The strikes available on the Nadex platform that Susan decided to set WOs of 2 contracts at each strike –

.7200

.7208

.7214

.7218*

.7222*

She set a WO for each strike price with a risk to reward of 75/25, with the exception of the two that are starred.

She set a WO for 65/45 for the two that are starred.

The reasoning that she did this is because the signal was already quite deep ITM when the trade set up.  She took a look at her chart for a visual and saw that the previous support was at .7204, so she decided that she would set a lower risk to reward WO for the higher strikes because price may not have reached the other strikes.  (This is something you will want to demo before going live with, but it is a great approach to taking these trades).


Traditional Method

Many of our members simply stick to the traditional method of taking the trade  signals.

Example:

John prefers the Traditional Method and his trading plan allows him to take 10 contracts per trade.  He uses the following risk to reward plan for each signal:

Sets a WO of 75/25 or better for each trade signal – 10 contracts per trade.


Step by Step Videos
password is slicktrade

How To Properly Install The File Pack On MT4

How To Use Our Trading Tools For Best Results & Understanding The Davinci Strategy

1. Download the zip file to your desktop

2. Extract the zip file
3. Open your MT4
4. File > Open Data Folder
5. Templates folder > Place the .tpl file (Slick Trade DavinciDonchian 2024.tpl) into this templates folder
6. Go back one level to the main MT4 data folder
7. Open MQL4 > Indicators > Place the .ex4 files (that you downloaded to your desktop) into this folder

5. Open the Include folder and place the files within that folder
6. Open the Libraries folder and place the files within that folder
5. Open the Experts folder and place the Davinci Donchian NO Expert ex4 file

8. Close MT4 and reopen (or refresh the navigator)
9. Open a chart of your choosing
10. Select the 15 minute timeframe
11. Right Click > Load Template Davinci Donchian


Old Step by Step video

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