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Thread: Somebody want to talk about turtle trading system?

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    Default Somebody want to talk about turtle trading system?

    I'm studying the trutle trading system now, does someone want to talk about the system?
    This system worked very well in the last break down of Non-usd

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    Where can i get reliable information about this turtle system?

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    Quote Originally Posted by dennny View Post
    Where can i get reliable information about this turtle system?
    I think you can search it the website.

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    I post this because I want to discuss the money management of this system and I want to know if somebody use this system in forex trading.

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    The best way I find out about what I want to know is typing in my google browser

    Example: If you're looking to find out information on trutle trading system copy and paste the bold writing in to your search engine

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    as far as i know every author or almost every author, regardless of the trading system advises not to risk more than 5% of the current deposit amount on each trade.

    I will make some inquiries on this turtle trading system to see what it is all about

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    In this system, the first entry risk is 2% and because in tnis system, rapidly increased positions is the key "secret", so the maxim risk of the system is no more than 5%.

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    Here is the key points of the system:
    To Calculate the open size:
    To compute the daily true range:
    True Range = Maximum(H- L,H- PDC,PDC - L)
    where:
    H – Current High
    L – Current Low
    PDC – Previous Day’s Close
    To compute N use the following formula:

    N =( 19 PDN +TR )/20

    where:
    PDN – Previous Day’s N
    TR – Current Day’s True Range
    Since this formula requires a previous day’s N value, you must start with a 20-day
    simple average of the True Range for the initial calculation.

    Dollar Volatility = NDollars per Point

    The Turtles built positions in pieces which we called Units. Units were sized so that 1
    N represented 1% of the account equity.
    Thus, a unit for a given market or commodity can be calculated using the following
    formula:
    Unit = 1% of Account/Market Dollar Volatility

    or
    Unit =1% of Account/(N *Dollars per Point)

    Entry:
    System 1 Entry - Turtles entered positions when the price exceeded by a single tick the
    high or low of the preceding 20 days. If the price exceeded the 20-day high, then the
    Turtles would buy one Unit to initiate a long position in the corresponding
    commodity. If the price dropped one tick below the low of the last 20-days, the Turtles would sell one Unit to initiate a short position.
    System 1 breakout entry signals would be ignored if the last breakout would have resulted in a winning trade.
    System 2 Entry - Entered when the price exceeded by a single tick the high or low of
    the preceding 55 days. If the price exceeded the 55 day high, then the Turtles would
    buy one Unit to initiate a long position in the corresponding commodity. If the price
    dropped one tick below the low of the last 55 days, the Turtles would sell one Unit to
    initiate a short position.
    Adding Units
    Turtles entered single Unit long positions at the breakouts and added to those
    positions at N intervals following their initial entry. This N interval was based on
    the actual fill price of the previous order. So if an initial breakout order slipped by N, then the new order would be 1 full N past the breakout to account for the N slippage, plus the normal N unit add interval.
    This would continue right up to the maximum permitted number of units. If the
    market moved quickly enough it was possible to add the maximum four Units in a single day.
    Stop Placement
    The Turtles placed their stops based on position risk. No trade could incur more than
    2% risk.
    Since 1 N of price movement represented 1% of Account Equity, the maximum stop
    that would allow 2% risk would be 2 N of price movement. Turtle stops were set at 2
    N below the entry for long positions, and 2 N above the entry for short positions.
    In order to keep total position risk at a minimum, if additional units were added, the
    stops for earlier units were raised by N. This generally meant that all the stops for
    the entire position would be placed at 2 N from the most recently added unit.
    However, in cases where later units were placed at larger spacing either because of fast
    markets causing skid, or because of opening gaps, there would be differences in the stops.
    Turtle Exits
    The System 1 exit was a 10 day low for long positions and a 10 day high for short
    positions. All the Units in the position would be exited if the price went against the
    position for a 10 day breakout.
    The System 2 exit was a 20 day low for long positions and a 20 day high for short
    positions. All the Units in the position would be exited if the price went against the
    position for a 20 day breakout.
    As with entries, the Turtles did not typically place exit stop orders, but instead watched
    the price during the day, and started to phone in exit orders as soon as the price traded
    through the exit breakout price.

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    Thank you for the enlightment,
    It's a little bit confusing at first view, i'm gonna analyze it in depth and than come back to continue this discussion...

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    it s like a simple EMA trading

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    Is it the same turtle system that Richard Dennis used?

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    it is more Richrd`s system
    if we`ll do it less complex - it`lb become attractive 4 traders

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    it is a nice description of the turtle system.it will help new learner.

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    is there an indicator or something like that to facilitate it.
    i am already understanding it but all of this calculation
    do you know a site that make it for free

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    Default

    any one could be a turtle
    just trade 1% of your account daily
    in 5 years you will make your first 1000000$ with 250$ account

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