This thread looks quite interesting, I'm subscribed.
I pretty much stick to the EURUSD, AUDUSD, and GBPUSD intraday (using other methods), but want to start looking at longer term trading with bigger R:R, so will start back testing using Donchian breakouts and see what settings I like and report back.
So far i like the weekly chart using Donchian(4), as above, and daily using Donchian(20) - the default. A slight variation I want to look at, is only have a pending order to buy (sell) if the upper (lower) channel has been flat for an extended period, see pic on the daily chart:
Any thoughts on TP or TS apart from the obvious of the other side of the channel as a trailing stop. I'm thinking TP on half when hit 2xATR, and trail second half with the other channel..?
I hope this thread doesn't move too slowly, such as the nature of these set-ups!