Donchian Channel EA v1.0 MT4 Source Code MQ4 is a trading algorithm coded in the MQL4 programming language for use with MetaTrader 4. It is based on the Donchian channel indicator, which identifies the highest high and lowest low over a specified period. The EA utilizes these values to generate buy and sell signals, aiming to capitalize on price breakouts and trends in the market. Traders can customize parameters such as the period length and deviation to adapt the EA to their preferred trading strategies and market conditions. This automated trading system can help streamline the trading process and potentially improve efficiency in executing trades based on the Donchian channel strategy.