Did the Turtle Trading Channel V2 BT indicator repaint?
The Small Turtle System (Donchian Trend +MACD)
- #124
- Aug 8, 2022 7:43pm Aug 8, 2022 7:43pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Did the Turtle Trading Channel V2 BT indicator repaint?
NO. It does not repaint.
The channel is based the highest high / lowest low of the last 20 bars/candles in its Trade Period default parameters.
What IF you change the Stop Period from default 10 days to say, 5 days for your stop ? yellow dot lines
S&P 500 Daily
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} NO. It does not repaint. The channel is based the highest high / lowest low of the last 20 bars/candles in its Trade Period default parameters.{image}
- #126
- Aug 8, 2022 8:59pm Aug 8, 2022 8:59pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #128
- Aug 8, 2022 9:44pm Aug 8, 2022 9:44pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} so it is a repaint then? the downtrend was already established on H1 (hence the 13:00 blue line) and it was the second red candle on H4,
bar(0) is still the active candle and it will update on every new price ticks and it lows and highs,
bar(1) to its left ... all its history bars will not repaint.
current bar(0) if it make lower low than the last 20 bars, then it will update the new lowest low of 20-bars.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
@Alihelmy123
you agreed about the close of the H4 candle to confirm the trigger but you did not mention this in your first post.
I read all your posts, did I miss anything afterwards?
here's the same thing with UF. I took the trade on H1, but you can see the small red streak on H4 
you agreed about the close of the H4 candle to confirm the trigger but you did not mention this in your first post.
we take only trades in the same direction of donchian channel trend
the entry according to macd cross lines
if buy setups we take blue line cross red under zero level that is more conservative
if sell setups we take blue line cross red above zero level that is more conservative
more experienced traders can determine market condition can take all MACD[/highlight]...
here's the same thing with UF. I took the trade on H1, but you can see the small red streak on H4
- #135
- Edited 7:54am Aug 9, 2022 7:44am | Edited 7:54am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
Here is Turtle histo. Adjust settings according to currency pair and TF. back test. In trend following systems if you have 40% win rate it is good. If you can get more than that, your doing great.
Best of luck.
Best of luck.
MA provides the market's current direction and strength.
Here is Turtle histo. Adjust settings according to currency pair and TF. back test. In trend following systems if you have 40% win rate it is good. If you can get more than that, your doing great. Best of luck.
Cut your losses. Cut your losses. Then maybe you have a chance
- #138
- Aug 9, 2022 10:02am Aug 9, 2022 10:02am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
Is it allowed to post EA related to your method of trading?
MA provides the market's current direction and strength.
- #139
- Edited 10:44am Aug 9, 2022 10:10am | Edited 10:44am
- Joined Oct 2020 | Status: Trader | 531 Posts
Here is Turtle histo. Adjust settings according to currency pair and TF. back test. In trend following systems if you have 40% win rate it is good. If you can get more than that, your doing great. Best of luck.
Cut your losses. Cut your losses. Then maybe you have a chance
