The Donchian Breakout is a well-known and famous trading technique. Simply put, a Donchian Channel is defined over some number of bars (e.g. 40), and the trader ...CodeForTraders...writinggreatcodesoyoudon'thavetoDoubleDonchianBOforMCHomeJAJPro-Trader'sToolboxRSISuiteforMCCCISuiteforMCScale-InEntriesforMCATRExitsforMCStrategySkelLiteforMCRenkoBricksforMCRenkoTrendforMCRenkoBrickBoxforMCRenkoBrickAgeBOforMCTLLimitEntryforMCTLBOTradingforMCSwissProfileforMCSwissDOMforMCSwissVWAPforMCZigZagforMCBi-DirDarvasforMCIOGVisualScale-OutExitsMulti-LevelTrailingStopsDblDonchianBreakoutN-DayLowsandHighsWideBarSuiteforMCMoneyMgmtforMC Package:DoubleDonchianBreakoutforMCTheDonchianBreakoutisawell-knownandfamoustradingtechnique. Simplyput,aDonchianChannelisdefinedoversomenumberofbars(e.g.40),andthetradergoeslong(withastopentry)whenthepriceexceedsthehighestchannelprice,andgoesshort(withastopentry)whenthepricefallsbelowthelowestchannelprice.ThegreatmeritoftradingtheDonchianBreakoutisthatyoucannotmissabigmove.ThedifficultyoftradingtheDonchianBreakoutisthatmanyofthebreakoutsfail,andthemarketcongests. Thisleadstoalowpercentageofwins,creatingdrawdownswhichcanbepsychologicallydifficulttoendure.WhatItIsThisDoubleDonchianstrategyaddscongestiontradingonaninnerchanneltothebasic"bigride"breakoutsoastoofferthechancetooffsetthelossesthatoccurwhentheouterchannelbreakoutfails.Thestrategyimplementstwochannels,alongperiod,orDonchianchannel,andashortperiodinnerchannel. BreakoutsoftheDonchianchannelhavepriorityandarealwaystradedinthedirectionofthebreakout. Donchianbreakouttradesareexitedeitherviathebuilt-intrailingstop,orviaatimestop(#ofbars). OnceaDonchianbreakouttradeends,thedirectionofthattradeisconsideredtobethecurrentmarketbias. Atthispointthe"innerchannel"entrieskickin. TheinnerchannelentriestradeinthesamedirectionasthelastDonchianbreakout,butnotuntilthemarketretracestotheoppositesideoftheinnerchannel.Allentriesaredonewithstopentryorders,andthisstrategyiswrittenespeciallytotakeadvantageofMultiCh