The Small Turtle System (Donchian Trend +MACD)
- #714
- Oct 18, 2022 7:37am Oct 18, 2022 7:37am
- Joined Nov 2008 | Status: Trader | 2,143 Posts
My humble 2 cents about this system.
- It works! (thanks again Ali).
PROVIDED one respects the rules.
Like Ali says, this is just a mind game.
Interestingly, the original famous Turtle System, was a test made on newbies, decades ago, aiming to prove, that although the system was solid, hardly anybody would follow the rules or make money.
Also important, if you have a basket of 10 or 20 pairs, you must make sure you donīt miss any opportunity. Already those days, just missing one trade (the test lasted for a year, some trades for months), would make or break the result!!!
In my opinion, the key ingredients combination of:
Donchian for trend, MA for stop, and Heiken-colored candles has the virtue of avoiding (mostly) the dreaded STOP RUNS.
The whole FOREX is run by 5 or 6 very Big Banks
, with the best software, hundreds of programmers, the best hardware, and lots of cash (LOTS).
Their only purpose is, of course, to make $, which they extract from: retailers, and semi-big players. They literally make hundreds of millions per day. EURUSD is by far the biggest market traded daily. Many times bigger than the whole Stock Market, you can Google the numbers.
So basically, the only chance for us retailers is to piggy-bag
on the trends generated by the Big boys and follow them.
Back- testing is crucial if you want to use any filter. Ideally at least 100 trades.
Again, Ali does that, that is also another reason why he is profitable!
- It works! (thanks again Ali).
PROVIDED one respects the rules.
Like Ali says, this is just a mind game.
Interestingly, the original famous Turtle System, was a test made on newbies, decades ago, aiming to prove, that although the system was solid, hardly anybody would follow the rules or make money.
Also important, if you have a basket of 10 or 20 pairs, you must make sure you donīt miss any opportunity. Already those days, just missing one trade (the test lasted for a year, some trades for months), would make or break the result!!!
In my opinion, the key ingredients combination of:
Donchian for trend, MA for stop, and Heiken-colored candles has the virtue of avoiding (mostly) the dreaded STOP RUNS.
The whole FOREX is run by 5 or 6 very Big Banks
, with the best software, hundreds of programmers, the best hardware, and lots of cash (LOTS).Their only purpose is, of course, to make $, which they extract from: retailers, and semi-big players. They literally make hundreds of millions per day. EURUSD is by far the biggest market traded daily. Many times bigger than the whole Stock Market, you can Google the numbers.
So basically, the only chance for us retailers is to piggy-bag
on the trends generated by the Big boys and follow them.Back- testing is crucial if you want to use any filter. Ideally at least 100 trades.
Again, Ali does that, that is also another reason why he is profitable!
