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Attachments: The Small Turtle System (Donchian Trend +MACD)
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The Small Turtle System (Donchian Trend +MACD)

  • #21
  • Aug 2, 2022 7:05am Aug 2, 2022 7:05am
Quoting guderian
thanks for your clear answers , ali. In your experience, which are the best pairs for your system?
eurusd
gbp usd
usdjpy
gbpjpy
eurjpy
audjpy
aud usd
and better set ups in 1 hour -4hour-daily - weekly time frames do not trade low time frames
Cut your losses. Cut your losses. Then maybe you have a chance
  • #22
  • Aug 2, 2022 7:15am Aug 2, 2022 7:15am
Quoting Alihelmy123
{quote} welcome bro DONCHIAN CHANNEL 20 YOU MAY FOUND IT IN THE NAME OF TURTLE TREND I HOPE YOU TRADE 4HOUR AND DAILY RARELY 1 HOUR AND TELL ME THE DIFFERENCE IN YOUR EMOTIONS TRADING LONG TIME FRAMES AND SHORT THERE IS BIG DIFFERENT I TRY TO GIVE EXAMPLE OF A+ SET UP AND NORMAL SET UP{image}LOOK HERE IN THE TWO SET UPS APB CANDLE IN THE FIRST WICKS IN ONE SIDE AND CANDLE ABOVE EACH OTHER THAT IS GOOD IN THE SECOND THE CANDLES HAVE WICKS IN BOTH SIDE AND SIZE OF CANDDLE SMALL THIS SET UP BETTER WAIT TO BROKEN THE RANGE IN TREND DIRECTION REMEMBER...
Too many "Turtle Trend" indicator or strategy on Tradingview so I am sticking with Supertrend for the moment, pretty good to give me the bias.
Yeah higher time frame probably has less noise and one day I am going there, but for now I am sticking to 1h or 15m.

If we're talking about emotion, my emotion is pretty much the opposite for now (who knows, I might change).
Now, when I have running trades that go overnight or for days, instead of being calm, I am being anxious.
If I execute and close any trade during my conscious state, or during the time I am in front of the screen, I'm feeling better.
If I sleep at night knowing that I don't have any ongoing trade, I'm feeling good.
It's just me at my current state.

Also yes, 100% agree on focus on losses.
  • #23
  • Aug 2, 2022 7:17am Aug 2, 2022 7:17am
TWO TRADES I TOOK YESTRADAY ONE LOSER ONE WINNER
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 2-8.PNG Size: 12 KB
-0.5% I GO OUT WHEN CANDLE COLOR CHANGES
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy 2-8.PNG Size: 8 KB
+3% I TOOK IT WHEN MACD LINES BROKE ZERO LEVEL BECAUSE CANDLES WITH SMALL AND I NEED MORE CONFIRMATION
AND GO OUT TODAY WHEN CANDLE COLOR CHANGE
THE MARKET MOST OF THE TIME IS RANDOM FOCUS TO HOW TO MANGE THE TRADE
NO ONE TELLS TRADERS THIS ADVICES WHEN MARKET GIVE YOU CHANCE TO MAKE BIG PROFIT DO NOT LEAVE THE CHANCE
BECAUSE IN BAD MARKET CONDITION THE BID PROFIT SETUPS WILL REMOVE MANY SMALL LOSSES AND IN GOOD MARKET CONDITION
YOU WILL MAKE MANY WINNERS SOME OF THEM ARE BIG WINNERS AND YOU WILL MAKE GOOD MONEY
BUT IN BAD MARKET CONDITION YOU STILL LIVE NO BIG DROWDAWN
I FOCUS IN RISK AND TRY TO MANGE IT AND MARKET GIVE ME MONEY FOR MY DISCIPLINE
PLEASE FOCUS IN PROCESS AND TRY TO MAKE IT IDEAL DONOT FOCUS IN PERFORMANCE TO MUCH
Cut your losses. Cut your losses. Then maybe you have a chance
  • #24
  • Aug 2, 2022 7:38am Aug 2, 2022 7:38am
Quoting Alihelmy123
TWO TRADES I TOOK YESTRADAY ONE LOSER ONE WINNER {image}-0.5% I GO OUT WHEN CANDLE COLOR CHANGES {image}+3% I TOOK IT WHEN MACD LINES BROKE ZERO LEVEL BECAUSE CANDLES WITH SMALL AND I NEED MORE CONFIRMATION AND GO OUT TODAY WHEN CANDLE COLOR CHANGE THE MARKET MOST OF THE TIME IS RANDOM FOCUS TO HOW TO MANGE THE TRADE NO ONE TELLS TRADERS THIS ADVICES WHEN MARKET GIVE YOU CHANCE TO MAKE BIG PROFIT DO NOT LEAVE THE CHANCE BECAUSE IN BAD MARKET CONDITION THE BID PROFIT SETUPS WILL REMOVE MANY SMALL LOSSES AND IN GOOD MARKET CONDITION YOU WILL MAKE...
When you cut your loss early, do you wait until a candle close or you just close right away?
  • #25
  • Aug 2, 2022 7:42am Aug 2, 2022 7:42am
Quoting jpntrader
{quote} when you cut your loss early, do you wait until a candle close or you just close right away?
i wait for candle to close if it color in my direction i wait if not i close it in way in loss or profit
Cut your losses. Cut your losses. Then maybe you have a chance
  • #26
  • Aug 2, 2022 7:43am Aug 2, 2022 7:43am
Quoting Alihelmy123
{quote} welcome bro DONCHIAN CHANNEL 20 YOU MAY FOUND IT IN THE NAME OF TURTLE TREND I HOPE YOU TRADE 4HOUR AND DAILY RARELY 1 HOUR AND TELL ME THE DIFFERENCE IN YOUR EMOTIONS TRADING LONG TIME FRAMES AND SHORT THERE IS BIG DIFFERENT I TRY TO GIVE EXAMPLE OF A+ SET UP AND NORMAL SET UP{image}LOOK HERE IN THE TWO SET UPS APB CANDLE IN THE FIRST WICKS IN ONE SIDE AND CANDLE ABOVE EACH OTHER THAT IS GOOD IN THE SECOND THE CANDLES HAVE WICKS IN BOTH SIDE AND SIZE OF CANDDLE SMALL THIS SET UP BETTER WAIT TO BROKEN THE RANGE IN TREND DIRECTION REMEMBER...
Alihelmy123 thank you so much and I very much appreciate it.
  • #27
  • Aug 2, 2022 7:49am Aug 2, 2022 7:49am
Quoting penuelophir
{quote} Alihelmy123 thank you so much and I very much appreciate it.
WELCOME BRO
Cut your losses. Cut your losses. Then maybe you have a chance
  • #28
  • Aug 2, 2022 7:58am Aug 2, 2022 7:58am
i maked money when i begin focus in risk i tell my self if i take 20 setups montly risking 1%
so the total risk in the month is 20% if i can accept it ok if i cant i cut them to 15 setups to decrease risk montly my first goal in this market is to still in long term
i dont focus in profit and try it focus in process to take a+set ups
i found my self make money consistent
may be lose 1 week every 6 or 7 week but in long time your are in profit
Cut your losses. Cut your losses. Then maybe you have a chance
  • #29
  • Edited 8:25am Aug 2, 2022 8:09am | Edited 8:25am
Quoting Alihelmy123
i maked money when i begin focus in risk i tell my self if i take 20 setups montly risking 1% so the total risk in the month is 20% if i can accept it ok if i cant i cut them to 15 setups to decrease risk montly my first goal in this market is to still in long term i dont focus in profit and try it focus in process to take a+set ups i found my self make money consistent may be lose 1 week every 6 or 7 week but in long time your are in profit

What is the winning rate here? Also when you are trading in four hours what is your stop loss?
  • #30
  • Aug 2, 2022 9:12am Aug 2, 2022 9:12am
Quoting penuelophir
{quote} What is the winning rate here? Also when you are trading in four hours what is your stop loss?
The last candle high or low
Winning rate in 4 hour -daily and weekly around 65%
And profit more bigger than lossers
Cut your losses. Cut your losses. Then maybe you have a chance
  • #31
  • Aug 2, 2022 9:17am Aug 2, 2022 9:17am
Quoting Alihelmy123
{quote} The last candle high or low Winning rate in daily and weekly around 65% And profit more bigger than lossers
What about four hours? I want to trade it on the four hours.
  • #32
  • Aug 2, 2022 9:27am Aug 2, 2022 9:27am
Quoting penuelophir
{quote} What about four hours? I want to trade it on the four hours.
If sell setup last candle or two high
If buy setup last candle or two low
It is very good in 4 hour
Firstly determine market condition according to APB candle if it good take trades in the same direction of turtle trend
Cut your losses. Cut your losses. Then maybe you have a chance
  • #33
  • Aug 2, 2022 9:44am Aug 2, 2022 9:44am
What is the ToR/ Adx setting ? Level 20 , I think . And the period ?
Thanks Ali
  • #34
  • Aug 2, 2022 9:49am Aug 2, 2022 9:49am
Quoting Alihelmy123
{quote} If sell setup last candle or two high If buy setup last candle or two low It is very good in 4 hour Firstly determine market condition according to APB candle if it good take trades in the same direction of turtle trend
Wow! Thank you for finding time to respond to all my question. I will go ahead and test this trading system and see how it works.
  • #35
  • Aug 2, 2022 9:58am Aug 2, 2022 9:58am
Quoting Alihelmy123
{quote} If sell setup last candle or two high If buy setup last candle or two low It is very good in 4 hour Firstly determine market condition according to APB candle if it good take trades in the same direction of turtle trend
Best of luck
MA provides the market's current direction and strength.
  • #36
  • Aug 2, 2022 6:39pm Aug 2, 2022 6:39pm
Quoting hasib
{quote} Best of luck
THANKS BRO
Cut your losses. Cut your losses. Then maybe you have a chance
  • #37
  • Aug 3, 2022 1:28am Aug 3, 2022 1:28am
Ali, I wonder if the ADX you're using has a substitution on Tradingview.
  • #38
  • Aug 3, 2022 5:52am Aug 3, 2022 5:52am
Quoting Guderian
What is the ToR/ Adx setting ? Level 20 , I think . And the period ? Thanks Ali
Do not change setting of adx when reading appear above 20 and give same colour of your trade that is good
Cut your losses. Cut your losses. Then maybe you have a chance
  • #39
  • Aug 3, 2022 8:37am Aug 3, 2022 8:37am
Quoting Alihelmy123
{quote} Do not change setting of adx when reading appear above 20 and give same colour of your trade that is good
Okay I will follow your advice - thank you
  • #40
  • Aug 3, 2022 9:47am Aug 3, 2022 9:47am
Quoting Alihelmy123
firsty i want to thank all members helping new traders in this site if you want to be consistent profitable trader be here this thread will be more than strategy i will try to target all points to make traders in the right road firstly there are many important points every trader must know 1- success formula in trading consist of (emotional control - money mangment -trading system) 85%of traders focus on the trading strategy only so they never be consistent 2- the exit is more important than entry 3- cut losses quikly and let profits run ( the golden...
I think its a good one to jump in and try with a demo account. However, can you please post the indicators and your template so we can meet up with you in the quest.
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