Topic: “Turtle Trading strategy” implementations (Read 572 times)

I tried using Donchian channel once, but it somehow gave a me lot of false signals so I gave up. I may revisit it in the future, as it showed some promise. It seemed to me that it could be especially good for trend following, which I think this system does very well. A question: How about waiting for 2 consecutive breaks through the upper track? Is such a signal more trustworthy than using just one break through the upper Donchian line?
 

if my crypto exchange does not have a stop loss function. What should I do then?

if my crypto exchange does not have a stop loss function. What should I do then?

4. How to do dynamic stop loss

If the holding position is long positions and the price of the asset falls by 2N based on the last holding position (or adding position), then stop loss for all positions;

If the holding position is short position and the price of the asset has increased by 2N based on the last holding position (or adding position), then the entire position must be closed.

Of course, the user can customize the dynamic stop loss plan, such as a 0.5N drop to start partial closing position, instead of waiting for a 2N decline after a rush to close the position; after all, the impact cost is there.

   2. When to open a position
The action of opening a position comes from the generation of a trend breakthrough signal. If the current price breaks through the upper track, it will generate a buy position signal.

In my experience, generally speaking, the simpler the system, the more robust it is. Beginning traders make the mistake of trying to develop a system that is rarely wrong. There is no Holy Grail of systems.
The Holy Grail of trading is inside of you, in terms of knowing yourself and your emotional weakness, and working to trade in a way to minimize harm from your weaknesses

I just read this and to be sincere, this is the first time I’m seeing anything called Turtle Strategy. But I’m not really understanding this strategy so I’ will just bookmark this page and come back later to read it and see if I can understand how it works. Already have a strategy, if this seems better, might try it out later. Thanks for sharing.

I will suggest you backing up this turtle trading strategy with a chart illustrations if possible this will enable newbie traders to fully grasp and understand the strategy better and encourage interested traders to demo trade and ascertain its workability and verify it here kudos to you for taking your time on this strategy.

good for you , any method, making profit is the only standard, only truth about trading.

It's too complicated for me because I don't learn to trade too deep. So far, I only use a simple strategy which is buying low and sell high, and it's working for me. I will learn the other strategy, but I realize it will need more time to master and now, I don't have much time to learn many things, so I stick with my strategy. At least, that strategy can give me a profit, but I am sure that there are people who can learn more from that Turtle Trading Strategy.

I visited the site, I once used an indicator like that, seems to have to combine it with other indicators, I think you will be stuck with a false signal if you only use that indicator.. 

https://www.fmz.com/strategy/132298

check here, more info you may interested.

I used to hear this strategy when trading forex, the turtle strategy includes a well-known strategy in forex, but I never applied that strategy, can you include images so that I can easily understand it,

In my experience, generally speaking, the simpler the system, the more robust it is. Beginning traders make the mistake of trying to develop a system that is rarely wrong. There is no Holy Grail of systems.
The Holy Grail of trading is inside of you, in terms of knowing yourself and your emotional weakness, and working to trade in a way to minimize harm from your weaknesses.

You can knock yourself out trying to create a system that is rarely wrong....you start with perhaps a pair of moving averages, then when it shows some promise but is wrong a few times in a row, you add some other indicator...then another and another. The result is, at best a system that has been "curve-fitted" to your test data and is not robust in real trading. The other effect is that your new super 5 layer indicator system
filters out too many trades.

Here's what I mean: Every trader using a mechanical system, which is what the "turtles" used, should know his/her system's "expectancy". If I have 100 trades, 60 of them profitable with an avg profit of
$20...and 40 losing trades with an average loss of $18, my expectancy is (.60 * 20) - (.40 * 18) = $4.80 / trade. The beginner mistake is to add layers of filters to the system to try to raise the expectancy
higher. In doing so, if they succeed it usually results in fewer trades, so even though each trade is more profitable than before the system was modified, they make less money because their new trade selection
parameters are stricter and gives fewer trades.

Example: I have system A detailed above: Expectancy of $4.80 / trade and with those selection parameters I get 100 trades/year....so I make $480

I then tweak system A and manage to raise its expectancy to $7.00 / trade. This new system (B) with stricter selection rules to filter out more losers only
generates 60 trades a year. Even though each trade makes more $, it only makes $420 in the same amount of time that system A made $480

Accept that losing is part of profitable trading. Casino's dont mind losing b/c they know that time is on their side. All they want is more chances to let their
statistical edge work for them and eventually/inevitably make them profitable.

As for what time frames to trade....day trade, swing trade, trend trade...that's where knowing yourself and your risk tolerance and ability to sit tight on a trade is critical. If you find a system that works on a daily chart using a 20 day indicator...but you know you are more risk averse and want a shorter horizon, test the system using the same number of chart bars(20 for the daily example that
I just mentioned) using 20 bars of an hourly/30 min/15 min/5 minute chart as a starting point for your testing.