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

  • #581
  • Oct 1, 2022 1:23am Oct 1, 2022 1:23am
The golden rule to trading: keep your losses small, your winners big.
Scaling out does just the opposite, you always get hit with a full load, and your big winners only have half a load or less.

This example is another simple way of scaling in.
USDCAD 15M first entry and stop trailing.
M1 to add aggressively.

You can do the same for example, with D1 bars and adding on H4 or H1.

This adding (scaling in) system is using exactly the thread´s rules for entering.
So after the first entry on the bigger TF, you add on every signal but using the smaller TF.
You can limit your adding to 3 or 4. You can also divide your entries by percentage risk, instead of risking 1% per entry, you can risk half a percent, one-quarter of a percent, etc.
Doing this, ensures your winners are much bigger than your losers.

Here are the pics. the first chart shows all the entries, the second one is the M1 with the detail.
The last red arrow down is the exit given by the first M15 red candle.
Note that in this example (Friday), all the entries were winners. Sometimes the last entries will be small losers.
If you get stopped out in the beginning it will be most likely with only 1 position.
You can do the math on this one, and compare the difference, using only one entry or 5 entries.
You can also back-test some higher TF .
Have a great weekend.
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  • #582
  • Edited Oct 2, 2022 12:59am Oct 1, 2022 2:27am | Edited Oct 2, 2022 12:59am
Quoting BigKev67
Jpntrader, thank you for all your work in contributing to this thread. I’m based in Australia so I’m interested in your results in trading a similar time zone, while also trying to hold down a day job! So a couple of questions:- 1- Are you still trading the 1 hour charts or have you dipped into longer TF’s? 2- Which pairs do you trade? 3- Which hours do you trade? Cheers,
Hi BigKev, you're welcome! If you're in Sydney I think we're only 1 hour apart now that you're on daylight saving time?
I got so many help from people here, so every time I have something that's proven to be useful, it's the least I can do to give back.
Also I am more than happy to answer your questions.


1- Are you still trading the 1 hour charts or have you dipped into longer TF’s?
Yes I still am.
I thought about trading on the higher TF (4H or daily); but if my bigger objective is to, someday, pass prop firm evaluation, according to my backtest result then I wouldn't have the time to achieve 8-10% in one month.
I could, but then I think I have to risk more, which is not wise.

2- Which pairs do you trade?
Currently I focus on five pairs that moves great during Asia and London, and the ones that are low spread.
The major ones: EURUSD, AUDUSD, GBPUSD
The Asian movers: AUDJPY and USDJPY (AUDUSD also moves well in Asian session, as you must have already known).

EU and GU have a positive correlation, meaning if one is bullish, the other will be too.
But the entry signal will be different between them each time. So I watch both.
I use Fusion Markets as my broker to be able to have that low spread. Are they famous there, Kev? They're from Aussie, right.

3- Which hours do you trade?
My trading window starts at 9 AM Japan time.
I will place my last trade at 6 PM Japan time.
Sometimes my last trade is at 7 PM but lately I found that pre-NY trade usually doesn't end well.. I might be wrong though.

Hope that helps.
  • #583
  • Oct 1, 2022 2:35am Oct 1, 2022 2:35am
Quoting cuchuflito
The golden rule to trading: keep your losses small, your winners big. Scaling out does just the opposite, you always get hit with a full load, and your big winners only have half a load or less. This example is another simple way of scaling in. USDCAD 15M first entry and stop trailing. M1 to add aggressively. You can do the same for example, with D1 bars and adding on H4 or H1. This adding (scaling in) system is using exactly the thread´s rules for entering. So after the first entry on the bigger TF, you add on every signal...
This is awesome.
On post #251 I shared my favorite setup: finding the 1H entry according to the valid signal that appears on the daily TF.
Your version is actually a better one; executing on the daily (the bigger TF) and ALSO on the 1H (the smaller TF).
Plus, with your basket trading method (dividing your risk across several trades), risk is manageable and winner will be big.

Thank you very much, I am reminded of my own method. Will try to find any signal on 1D as well before going down to 1H! Haha.
  • #584
  • Oct 2, 2022 2:39am Oct 2, 2022 2:39am
This is a back-test I just made on USDCAD D1.

I did it by closing the trade on that first red candle, but according to my plan, the trade would still be open and growing.My stop moved below that last red candle, on Thursday.

My Plan: (D1)
-First entry on D1 as per Turtle rules.
-After that, add on every H1 entry signal, according to Turtle rules, including the D Channels color.
-The stop on every new entry is the D1 last trailed stop.
-Every entry has a 1% risk.
-Trail on D1, 3 bars behind, no inside bars counted.

Results:
1,90 R
Taking only the first entry as per Turtle system.

7.18 R adding on the H1.
At no point in the campaign, there would have been any stop bigger than 1, maybe 2 R.
The campaign took a little less than 3 weeks.
Mind you there might be a lot more to the upside!
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  • #585
  • Oct 4, 2022 10:53am Oct 4, 2022 10:53am
Ali,
Question for you.
if you see a set up candle and a MACD cross but the candles are going sideways in a range - but then a few candles after the initial set up, price breaks the range in your favour - do you still take the trade? (even though you’re late)
Or do you ignore that set up and move on?
  • #586
  • Oct 4, 2022 12:23pm Oct 4, 2022 12:23pm
One of my friends suggest to me to take ftmo challenge and my trading money can use it in any other business
To get many income
I found it good advice and told him i will get the 100000 challenge
He told me begin first with the 10000 challenge because the stress of time target may be effect you and many traders lose in there first challenge
I convinced with his advice and take the 10000 challenge and i achieved the target of the first stage 10%in 7 days
But i need to trade for 10 days to pass the challenge
One of the bad things happen during this challenge i put the lot wrong in one trade that make me lost 4% in one trade in 28-9 if that was not happen i was achieved now more than 10 % but no problem

The next days i will open trades 0.01 to pass the 10 days trading
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #587
  • Oct 4, 2022 12:36pm Oct 4, 2022 12:36pm
Quoting BigKev67
Ali, Question for you. if you see a set up candle and a MACD cross but the candles are going sideways in a range - but then a few candles after the initial set up, price breaks the range in your favour - do you still take the trade? (even though you’re late) Or do you ignore that set up and move on?
You can take it after broken range no problem
Cut your losses. Cut your losses. Then maybe you have a chance
  • #588
  • Oct 4, 2022 1:29pm Oct 4, 2022 1:29pm
This is my D watchlist.
Waiting for:
.Macd line cross through 0 level.
-With Donchian color supporting the trend.
AA trades only, to start the campaign/s.

WATCHLIST, expecting a trigger (on some) this week, maybe next:

EURZAR
GBPAUD
NZDCHF
USDCNH
CADCHF
CHFZAR
EURGBP
EURHUF
EURSEK
EURUSD
USDCAD
  • #589
  • Oct 4, 2022 6:49pm Oct 4, 2022 6:49pm
Quoting Alihelmy123
One of my friends suggest to me to take ftmo challenge and my trading money can use it in any other business To get many income I found it good advice and told him i will get the 100000 challenge He told me begin first with the 10000 challenge because the stress of time target may be effect you and many traders lose in there first challenge I convinced with his advice and take the 10000 challenge and i achieved the target of the first stage 10%in 7 days But i need to trade for 10 days to pass the challenge One of the bad things happen...
i'm also doing the FTMO challenge. Do you still use the H4, D1 time frame to join the challenge?
  • #590
  • Oct 5, 2022 12:36am Oct 5, 2022 12:36am
First things first, Alihelmy, I wish you the best of success, with the FTMO, which I am probably going to start too!

Back to my USDCAD D1 trading back-test.
Now that the trade would have ended, here is my approach accordingly, for the next campaign:

-The arrows are the beginning and end of the campaign.
-I enter my first "lot" with the daily Turtle signal.(AA signal).
-Then I add in the 240 chart, using my Chaos software signals, which gave me 7 entries in the beginning, plus one entry using simple Turtle, all those on the 240.
-The stop for every lot (except the first one), was on D1, 3 bars behind, no inside bars counted.

Results:
-taking only 1 lot, the D1: 1,82 R
-Taking all the entries I mentioned, 9 altogether: 15,17 R.
-Risking 2% per lot that would have generated a 30% growth in my account in less than 3 weeks.

So I will study if I can repeat those results on FTMO.
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  • #591
  • Oct 5, 2022 3:15am Oct 5, 2022 3:15am
Hi Guys can anyone using this strategy tell me how is it going in real? Maybe you have a MyFxBook to show? Looks interesting
  • #592
  • Oct 5, 2022 6:10am Oct 5, 2022 6:10am
Quoting duythang1997
{quote} i'm also doing the FTMO challenge. Do you still use the H4, D1 time frame to join the challenge?
i use h4 and daily only
trading this pairs
audusd
eurusd gbpusd usdcad usdchf nzdusd gbpjpy eurjpy chfjpy audjpy nzdjpy
cadjpy euraud gbpaud us500 ut100 apple
Cut your losses. Cut your losses. Then maybe you have a chance
  • #593
  • Oct 5, 2022 6:18am Oct 5, 2022 6:18am
Quoting cuchuflito
First things first, Alihelmy, I wish you the best of success, with the FTMO, which I am probably going to start too! Back to my USDCAD D1 trading back-test. Now that the trade would have ended, here is my approach accordingly, for the next campaign: -The arrows are the beginning and end of the campaign. -I enter my first "lot" with the daily Turtle signal.(AA signal). -Then I add in the 240 chart, using my Chaos software signals, which gave me 7 entries in the beginning, plus one entry using simple Turtle, all those on the 240. -The stop...
thanks bro
when you began dont care about time look to get A+ SETUP IN FIRST EVALUATION YOU CAN RISK 1.5%OR 2% AND TAKE CARE MAXIMUM DAILY LOSS NOT MORE THAN 5% OR YOU WILL LOSE
I CHOOSE FTMO SWING BECAUSE I SOMETIMES LEAVE MY ACCOUNT NIGHT AND IN NEWS IT WILL GIVE YOU LOW LEVARAGE 1:30
YOU WE DONT NEED MORE THAH THAT
IN SEOND EVALUATION DONT RISK MORE THAN 1%
Cut your losses. Cut your losses. Then maybe you have a chance
  • #594
  • Oct 5, 2022 6:45am Oct 5, 2022 6:45am
Quoting Alihelmy123
{quote} i use h4 and daily only trading this pairs audusd eurusd gbpusd usdcad usdchf nzdusd gbpjpy eurjpy chfjpy audjpy nzdjpy cadjpy euraud gbpaud us500 ut100 apple
Thank you very much, a very cool strategy, I will use it. I have passed the FTMO challenge before but I think it was just luck because after 2 months of live account management, the account has reached the over-loss level. I'm liking your thinking in this strategy, I'll give it a try!!
  • #595
  • Oct 5, 2022 6:47pm Oct 5, 2022 6:47pm
Quoting Alihelmy123
One of my friends suggest to me to take ftmo challenge and my trading money can use it in any other business To get many income I found it good advice and told him i will get the 100000 challenge He told me begin first with the 10000 challenge because the stress of time target may be effect you and many traders lose in there first challenge I convinced with his advice and take the 10000 challenge and i achieved the target of the first stage 10%in 7 days But i need to trade for 10 days to pass the challenge One of the bad things happen...
Yeaaah great news man.
How did you manage the 4H-1D trade specifically for the evaluation?
Like "exit more aggressively when candle changes color even it's not crossing 5EMA yet"
or "only execute when price is at weekly support"
etc.
That would be helpful since I think we ALL here are aiming for passing prop firm

I am having a wild guess that at some point at your attempt, you entered right at the time market was about to explode to your direction?
  • #596
  • Oct 5, 2022 11:06pm Oct 5, 2022 11:06pm
Quoting Alihelmy123
HOW TO KNOW THAT YOU ARE GOOD TRADER OR NO ASK YOUR SELF THIS QUESTION 1- IN ANY TRADE DO YOU THINK HOW MUCH YOU WILL LOSE OR HOW MUCH YOU WILL WIN 2-TAKE TOO MORE TRADES OR FILTER THEM 3- DID WIN AND LOSE HAVE THE SAME EFFECT ON YOUR EMOTION OR DIFFERENT EFFECT 4-DID YOU HAVE CONFIDENT ON YOUR SELF AND DONOT TAKE ANY TRADING IDEA FROM ANY ONE UNTILL YOU SEE IT AND MAKE YOUR DECISION OR TAKE ANY TRADE EVERY ONE READ THIS POST PUT YOUR OPINION AND ANSWER FOR THIS QUESTIONS AND TELL THE TRUTH
1- IN ANY TRADE DO YOU THINK HOW MUCH YOU WILL LOSE OR HOW MUCH YOU WILL WIN
Yes, I do think.
-Always Risk 1%
-1R just moved stop loss breakeven
-Then (example: uptrend) if the price goes in the right direction I move the SL to below the Turtle line, don't put the TP

2- TAKE TOO MORE TRADES OR FILTER THEM
I selectively signal and after I have 3 open positions, I don't take any new signals.

3- DID WIN AND LOST HAVE THE SAME EFFECT ON YOUR EMOTION OR DIFFERENT EFFECT
Losing less than 5% I am not affected by emotions.
Losing more than 5%, I am easily stuffed with more positions and want to recover the loss soon and find the original breakeven level.

4- DID YOU HAVE CONFIDENT ON YOUR SELF AND DONOT TAKE ANY TRADING IDEA FROM ANY ONE UNTILL YOU SEE IT AND MAKE YOUR DECISION OR TAKE ANY TRADE EVERY ONE READ THIS POST
Yes, I was confident in myself.
I only enter my own orders when the signals are full.
Tanin Coder Founder | 100% FREE Prop Firm EAs | Join Telegram!
  • #597
  • Oct 6, 2022 2:50am Oct 6, 2022 2:50am
i everybody,

sorry for my not perfect english.
First of all i wish to make congratulations to Ali for the great System is giving to us.
You are giving me a hope to be consistent. I am trading by 3-4 years but never be consistent. I blow up a couple of accounts but i never give up and i desire every time to start from basic and learn the lesson. My problem is lack of consistency due to my greed and fear and bad money management. I am starting again from zero as a beginner even if as theory i am not.....By the way sorry for this outlet.

I have a doubt on the entry:

1. at the first post there is written that it is conservative if:

  1. in buy i enter after blue line cross red line but below the zero orizzontal line, below an example posted by Ali
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    in Sell as opposite, i enter after blue line cross red but above the zero line
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2. later in the thread there is written for the beginners to entry exactly when the cross blue and red happens on the zero line and this as my 2 week experience give great chance of success but low probability of setup

Can you please explain better with example if:

  1. if the cross red blue happens below(buy) or above (sell) zero orizzontal line i start considering the entry at that cross (red - blue) or later after the blue and red has been crossed ad as single red and single blue cross the zero line? Below an example

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    "Market condition" you Ali told us is something to be understood, i know some easy concept as trend, support resistance ecc. but how can i learn better what are you meaning? Do you advice books or something else.

Ali just a curiosity: are you a trader for living or a parttime trader and also the other fellows in the way they wish to share their experience.
I am close to pension (2 years), i am old eng. but i lost the job and at my age i want to use this time until pension to build extra knowledge to build a side salary. I love studying...
Sorry for long post.
I love you all mates.
Thanks anyway you want or not help me.
Bye
Paolo

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  • #598
  • Oct 6, 2022 3:17am Oct 6, 2022 3:17am
"I have a doubt on the entry:"

Chau Paolo, my take is that you can classify entries in AA or A.( not below or above MACD 0).
There is, like for good pasta, some discretion.
Experienced traders can add filters using: EW, Fibos. , trendlines, Support, and resistance, etc. just use the one you feel more comfortable with.
Then maybe you would risk taking an "only A" setup.
Just my 2 cents.
Buon Giorno.
  • #599
  • Oct 6, 2022 5:04am Oct 6, 2022 5:04am
Quoting cuchuflito
"I have a doubt on the entry:" Chau Paolo, my take is that you can classify entries in AA or A.( not below or above MACD 0). There is, like for good pasta, some discretion. Experienced traders can add filters using: EW, Fibos. , trendlines, Support, and resistance, etc. just use the one you feel more comfortable with. Then maybe you would risk taking an "only A" setup. Just my 2 cents. Buon Giorno.
Tks cuch.
I appreciate your opinion
  • #600
  • Oct 6, 2022 5:09am Oct 6, 2022 5:09am
Hi there, another doubt:

Ali wrote:

5EMA TO DETERMINE EXITS WHEN APB CANDLE BROKEN IT IN OPPOSITE DIRECTION WE GO OUT

 

  1. Do you mean the body of the candle break the 5 EMA or just the wick?
  2. I wait the candle close to apply the rule of 5 EMA or even before the close?

Thanks everybody

Paolo

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