Donchian channels: the original breakout system

Donchian channels draw the highest high and lowest low of the last N periods, and the breakout of the channel is the turtle traders' original entry. It's simple, old and still relevant.

Do you use them?

• the period you run and the pairs you trade
• how you filter the raw breakouts
• the drawdown the system demands you accept

The trend lines guide covers the channel logic.