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

  • #781
  • Edited Oct 26, 2022 2:10am Oct 25, 2022 3:28pm | Edited Oct 26, 2022 2:10am
Quoting cuchuflito
{quote} First I want to clarify, my intention is to trade the Turtle system as per the original entry rules. _This is the EURJPY 12 H chart I took with the MACD trigger. (I exited on that thumbs up, I have a rule that once the top of EW gets penetrated I trail 1 bar behind.) But my exit is another story. -Now as you can see, a few bars after the MACD triggered, TDI triggered also. Both were profitable. Now if in the middle I would have had a red bar, I would have moved my stop right below that bar. -If I would have gotten a red bar before the TDI...
Hi cuchuflito, It seems that you are using the original donchian channel indicator rather than the turtle indicator. I tried to emulate your 12H chart with the MACD and TDI The first trigger was actually against the turtle trend. The second trigger TDI slightly precedes the MACD dip and continuation, so they both are in agreement.
and btw, this TDI you’re using is a special version, unlike the original red-green TDI posted by big E in his thread.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #782
  • Oct 25, 2022 4:14pm Oct 25, 2022 4:14pm
Quoting Alihelmy123
i am waiting for chance here audusd 4hour{image}
the reasons why i took this trade in the chart
Attached Image (click to enlarge)
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #783
  • Oct 26, 2022 2:43am Oct 26, 2022 2:43am
Quoting lbtrader
{quote} Hi cuchuflito, It seems that you are using the original donchian channel indicator rather than the turtle indicator. I tried to emulate your 12H chart with the MACD and TDI The first trigger was actually against the turtle trend. The second trigger TDI slightly precedes the MACD dip and continuation, so they both are in agreement. and btw, this TDI you’re using is a special version, unlike the original red-green TDI posted by big E in his thread.{image}{image}
Hola
I am actually using the indicators and templates from both threads, nothing changed (except for the black background).
Small Turtle trend is defined by Donchian Channell, correct? It was blue.
I donīt enter waiting for both systems/indicators to be aligned. That would mean creating a new entry rule. Guess one could create a new System: "The Double Turtle" or something, where you only enter when both agree, one would need to back-test that.

As I said, I enter my first position strictly by "The small Turtle" guidelines. (I do use other personal filters, but that is another story).
AFTER that, and ONLY IF, I get a TDI trigger I will take it, and add a second position.
Hope this clarifies.
  • #784
  • Edited 3:34am Oct 26, 2022 3:21am | Edited 3:34am
Quoting cuchuflito
{quote} Hola I am actually using the indicators and templates from both threads, nothing changed (except for the black background). Small Turtle trend is defined by Donchian Channell, correct? It was blue. I donīt enter waiting for both systems/indicators to be aligned. That would mean creating a new entry rule. Guess one could create a new System: "The Double Turtle" or something, where you only enter when both agree, one would need to back-test that. As I said, I enter my first position strictly by "The small Turtle" guidelines....
Thank you cuchuflito for clarifying your thinking, I am beginning to see the worth of the higher TF, especially the 12H and 2.5 day, hopefully I will post some setups in the near future, as they are not too many as you mentioned.
Quote
Small Turtle trend is defined by Donchian Channell, correct? It was blue
It’s true, however it is a modified version in the sense that it shows red for the downtrend and blue for the uptrend with skip between the two, you do not see a continuous line, in the pictures I showed, the upper one uses the regular DC and the lower one uses the small turtle. As you can see, the turtle was in red when MACD triggered.
I trade countertrend many times, I use RSI as my filter for that.
  • #785
  • Oct 26, 2022 4:11am Oct 26, 2022 4:11am
OANDA has on "Advanced Charting" (Tradeview) and MT4 slightly different 12H charts.
I am long on GBPAUD, MT4 shows the last Heiken candle red, Advanced charting green.
So I moved my stop 2 candles before, where both agree, the difference is minor.

Btw. when I move my stops on color changes, I do look at obvious Stop Run levels and move the stop accordingly, to avoid (hopefully), getting bit by the Big Boys.
By far the most frustrating experience for us traders is to get Stop Ran by "The Big Mother F...." only to see them run with our money in the original direction.
  • #786
  • Oct 26, 2022 4:28am Oct 26, 2022 4:28am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF Setup 4H TF.png Size: 35 KB


Here is my setup today that I took. Several opportunities. I did add the TDI although it is not part of the original game plan with this strategy. I am in long position on the 4H timeframe. TDI is getting close to being overbought, however we all know how price can still run! LOL Let's see what happens.
  • #787
  • Oct 26, 2022 5:03am Oct 26, 2022 5:03am
Quoting cuchuflito
By far the most frustrating experience for us traders is to get Stop Ran by "The Big Mother F...." only to see them run with our money in the original direction.
This is exactly what happened with EJ, the two giant stop hunts and then trend continued up as before the two candles
  • #788
  • Oct 26, 2022 6:00am Oct 26, 2022 6:00am
Quoting lbtrader
{quote} This is exactly what happened with EJ, the two giant stop hunts and then trend continued up as before the two candles
I think we're in the same trade
  • #789
  • Oct 26, 2022 9:51am Oct 26, 2022 9:51am
here is my follow up from my earlier trade with the GBPCHF. I did wait for the crossover TDI before I exited as mentioned on previous threads. I did not wait til the end of the hour. Once the TDI crossed within the hour I was out. Price did run as high as 23 pips on this trade.
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  • #790
  • Oct 26, 2022 10:08am Oct 26, 2022 10:08am
Here is what happens when one is not patient enough. Literally closed the GBPCHF trade with 15 minutes to go on the hour with a red candlestick up a few pips. Once the hour closed in 15 minutes the candle went from red to green. Now the price continues higher. Goes back to what Ali has said multiple times please be patient with
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our trades!
  • #791
  • Oct 26, 2022 3:39pm Oct 26, 2022 3:39pm
learning chart
usdcad 4 hour
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this chart contain 4 good setups 2 winner and 2 loser
but when you win you make more than 1% may be 2 or 3 or 4
win you lose you lose less than 1% most of the time
if your win rate 50 or 60 % and winner are bigger your are in safe side
no one dont lose
last week i lost 2% this week i am in profit 5%
your goal must be long plan
Cut your losses. Cut your losses. Then maybe you have a chance
  • #792
  • Oct 26, 2022 3:46pm Oct 26, 2022 3:46pm
i want to give great advice for new traders
when you began trading began small because you will lost your acount in learning
when you get consistent profit for 6 months you can increase your account
one of the obstacles that face the trader, the quick profit and the rush to success, do not fall into them, take your time
be very small until you learn good and can depend in yourself
no one will tell you this
Cut your losses. Cut your losses. Then maybe you have a chance
  • #793
  • Oct 26, 2022 7:05pm Oct 26, 2022 7:05pm
Quoting Alihelmy123
last week i lost 2% this week i am in profit 5% your goal must be long plan
The other way around for me!
After that glorious last week, I'm in minus by around 1% so far (1 loss and 1 BE).
This week to me market didn't show many signals, or there were conflicting signals between pairs that have positive correlation. So I chose to stay on the sideline.
I notice that this kind of condition tends to happen at the end of the month so that's probably it.
  • #794
  • Oct 26, 2022 8:52pm Oct 26, 2022 8:52pm
This something that I have been doing lately, and what I call a "delayed entry" on 4H time frame.
Not something that is mind blowing or anything, but I personally just noticed this some times ago and began doing it.

The original rule is when a signal candle appears, we enter one candle after that signal candle closes, right.
If we enter 2-3 candles after that, it could be too late already.

My "delayed entry" (such a bad naming) ensures that we can enter 2-3 candles after the signal shows up.
Remember this is on 4H time frame.
Also, it suits more for people who lives in Asia/Australia since this involves NY session which happens at midnight in those zones.

This is how it works:

  1. 4H signal candle appears an hour after NY session opens (10PM Japan time, convert that to your time).
  2. An hour after that, usually all news are released for the session, and market will go through low volumes as it approaches NY close, spread hours, and the beginning of Asian session.
  3. If 2-3 candles have formed (meaning until around 9-10AM the next day, Japan time) and price still lingers around the original entry point, I would enter the trade at or above/below the original entry point for better position.
  4. If price indeed wants to go to your direction, you'll be having a nice trade.

I'll give one example of this. Left is heikin ashi candle, right is normal Japanese candlestick.
Pay attention to the right layout.

Attached Image (click to enlarge)
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You see, after the signal shows up at 10 PM, price is entering NY close - spread hours - Asia open (ultimate combination for low volumes), but still having the will to go bullish.
We execute the trade 2-3 candles after the signal, that usually are considered "too late", but still turns out to be a successful one.
Hence, "delayed entry".

Hope it helps.
  • #795
  • Oct 27, 2022 1:17am Oct 27, 2022 1:17am
Quoting paolo7
Hi JPN, i am thinking to subscribe 'Trading view', i would like to try it on free trial, can you share the indicator for our Turtle system? Reading i understand only some of them: TDI intesad MACD (parameters?) Supertrend (param?) i do not know the other. Tks for sharing I hope to make a good investiment, actualy i am using MT4 Oanda. Bye Paolo
Aah man I'm sorry I just saw this. The post went through.
Okay so the indicators on Tradingview are:

  1. Supertrend instead of Donchian, but I don't use it anymore, however I believe the Supertrend settings are 3-3
  2. I am using MACD that is mentioned on page 1 of this thread. But if you're going to use TDI, I use the one that is used by ASFX (that forex influencer on social media). The indicator name is ASFX TDI, settings are 21-32-2-7 (the original settings I guess?)
  3. The average channel, on tradingview it's called RV-34

For me, average channel is enough to tell direction and momentum, that's why I don't use Supertrend (Donchian) anymore.

  • #796
  • Oct 27, 2022 1:28am Oct 27, 2022 1:28am
Quoting jpntrader
{quote} The other way around for me! After that glorious last week, I'm in minus by around 1% so far (1 loss and 1 BE). This week to me market didn't show many signals, or there were conflicting signals between pairs that have positive correlation. So I chose to stay on the sideline. I notice that this kind of condition tends to happen at the end of the month so that's probably it.
This week is pretty good for me for now. I have 2 trades that won 3%, and 2 winning open trades, so far so good.Thank u Ali for such a good Strategy! And thank all of u for ur share and experiment!btw, How do u guys move SL? I am using trailing SL but sometimes it makes me out of the trade too soon And If I don't use trailing SL or don't move SL, sometimes it's reverse
  • #797
  • Edited 2:57am Oct 27, 2022 2:25am | Edited 2:57am
Quoting jpntrader
This something that I have been doing lately, and what I call a "delayed entry" on 4H time frame. Not something that is mind blowing or anything, but I personally just noticed this some times ago and began doing it. The original rule is when a signal candle appears, we enter one candle after that signal candle closes, right. If we enter 2-3 candles after that, it could be too late already. My "delayed entry" (such a bad naming) ensures that we can enter 2-3 candles after the signal shows up. Remember this is on 4H time frame....
Thank you jpntrader for your insight, however the price after the first rally candle did not go back to the open price (it retraced to just below the 50 fibo level), sort of catching it's breath and consolidating for 3 candles, accumulating orders for the second rally, and this is showing on the dip in MACD which I consider as a pullback and continuation. Some would use this (like cuchuflito in a previous post) as a scaling in adding another lot to the first lot that was triggered on the initial MACD and candle signal, but if that candle was too big and the SL would be too much then the first trade or "the delayed entry" would be after the consolidation and continuation of the rally. Hope this makes sense.
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  • #798
  • Oct 27, 2022 4:07am Oct 27, 2022 4:07am
Quoting jpntrader
{quote} The other way around for me! After that glorious last week, I'm in minus by around 1% so far (1 loss and 1 BE). This week to me market didn't show many signals, or there were conflicting signals between pairs that have positive correlation. So I chose to stay on the sideline. I notice that this kind of condition tends to happen at the end of the month so that's probably it.
Same for me, but then this is the time to be ready, we cannot afford to lose that big fat trade waiting somewhere, that will make the whole difference.

Once I read this from a top trader:

There are 2 types of trades only.
-Good trades, you followed the rules (win or lose).
-Bad trades, you did not follow the rules (win or lose).
  • #799
  • Oct 27, 2022 4:21am Oct 27, 2022 4:21am
Quoting lbtrader
{quote} Thank you jpntrader for your insight, however the price after the first rally candle did not go back to the open price (it retraced to just below the 50 fibo level), sort of catching it's breath and consolidating for 3 candles, accumulating orders for the second rally, and this is showing on the dip in MACD which I consider as a pullback and continuation. Some would use this (like cuchuflito in a previous post) as a scaling in adding another lot to the first lot that was triggered on the initial MACD and candle signal, but if that candle...
Hi man! Thank you for clarifying this.

I tried to look again at my chart and your chart.
I think for me, the signal candle is the candle where the macd crosses completely for the first time,
hence, this candle is the signal candle for me.
Attached Image (click to enlarge)
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But I totally get what you meant! That's a great thought.

Even though if the example I mentioned here was the wrong one, the concept is still the same.

I got a nice trade on CHFJPY today, using this same principle (the "delayed entry")
Please ignore my self note on the upper screen haha.
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My minus 1% this week turned positive with this.
Unfortunately I entered the wrong lot size; only got 1.5%-ish profit but it's still great.
  • #800
  • Oct 27, 2022 4:47am Oct 27, 2022 4:47am
learning chart
i waiting for chance here scalping
eurjpy 30 minutes
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Cut your losses. Cut your losses. Then maybe you have a chance
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