Donchian Breakout for ETHUSD (Ethereum)

Buy the highest high of the last N bars — the original turtle-trader strategy.

Why Donchian Breakout Works on ETHUSD

Donchian breakouts buy when price closes above the N-bar high. It captures regime changes — the moment a market wakes up from a range. Fails in chop (every false breakout is a small loss) but the long tail of trending wins more than compensates. Most profitable on volatile assets like XAUUSD and crypto.

Ethereum tends to amplify Bitcoin moves both up and down. Same playbook as BTC — trend, momentum, breakout — with even wider risk bands.

Crypto trades 24/7 with no central market. The strategy below capitalizes on weekend liquidity gaps and the asset's tendency to make sustained directional moves.

Pine Script Source

Copy this into PineForge — backtest on ETHUSD or any supported symbol, then deploy as a live bot.

//@version=5
strategy("Donchian Breakout", overlay=true)

entry_len = input.int(50, "Entry Lookback")
exit_len = input.int(25, "Exit Lookback")

highest_high = ta.highest(high, entry_len)
lowest_low = ta.lowest(low, exit_len)

if close > highest_high[1]
    strategy.entry("Long", strategy.long)

if close < lowest_low[1]
    strategy.close("Long")