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Simplified original turtle trading system

  • #21
  • May 27, 2011 4:32pm May 27, 2011 4:32pm
Turtle System Results on a basket of futures..
Attached Image (click to enlarge)
Click to Enlarge Name: turtle_system1_since_1970_796.png Size: 18 KB
  • #22
  • Edited Aug 29, 2011 1:10am Aug 28, 2011 8:03am | Edited Aug 29, 2011 1:10am
I would like know how you calculate the position sizing in forex like turtles did wiht the formula: % of Account / ATR * Dollar per point

Assume you want invest 2% of an account with 1'000'000 USD. Our currency pair is USD/CHF. So, the basic math for left side is 0.02 * 1'000'000 USD = 20'000 USD where you want maximum invest.

Now the right side, where I have problems. First, you need an ATR, I chosen an 20-day daily ATR where is e.g. 0.0238 for USD/CHF. So, but what to hell is this dollar per point and how is this calculate in forex?

1 PIP in USD/CHF is 0.0001 and 1 PIP is 0.000124 USD. So, multiply with 10'000 would make 1.24 USD/Point, is this the dollar in point?
  • #23
  • Nov 8, 2011 1:18pm Nov 8, 2011 1:18pm
[quote=aeron_1025;4498807]The story of the commodity trading Turtles has become one of the most famous in trading history. Their success has stirred the interest of many new traders and helped Richard Dennis become one of the most famous commodity traders of all time.

Hi aeron_1025
Could you tell me what is the indicators on the main window
I'm just started to create ts, and I want to try that indicators
thanks
  • #24
  • Jan 15, 2012 10:45am Jan 15, 2012 10:45am
[quote=dinskii;5114038]
Quoting aeron_1025
The story of the commodity trading Turtles has become one of the most famous in trading history. Their success has stirred the interest of many new traders and helped Richard Dennis become one of the most famous commodity traders of all time.

Hi aeron_1025
Could you tell me what is the indicators on the main window
I'm just started to create ts, and I want to try that indicators
thanks

looks like donchian channel
  • #25
  • Apr 3, 2012 10:55am Apr 3, 2012 10:55am
[quote=kedridder;5296340]
Quoting dinskii


looks like donchian channel
Yes, it is Donchian channel

I respect my Trading System, I never try to outwit my System. Why? Because my System keeps making money for me consistently for more than 10 years.
facebook.com/currencyforextrading
101forexcurrencytrading.com
  • #26
  • Apr 3, 2012 1:16pm Apr 3, 2012 1:16pm
[quote=aeron_1025;5538270]
Quoting kedridder

Yes, it is Donchian channel

I respect my Trading System, I never try to outwit my System. Why? Because my System keeps making money for me consistently for more than 10 years.
facebook.com/currencyforextrading
101forexcurrencytrading.com
What setting do you use for Donchian channel? Is it possible fo you to share the template?

Regards

K.
  • #27
  • Jun 30, 2012 11:52pm Jun 30, 2012 11:52pm
Hi kristjantelve,

Please refer to the attachment on the first post:

turtlerules.pdf

“The Turtle Trading System was a Complete Trading System. Its rules covered every aspect of trading, and left no decisions to the subjective whims of the trader. It had every component of a Complete Trading System.”
___________________________________
"I respect my trading system, I never try to outwit my system. Why? Because my trading plan keeps making money consistently for me over the past 10 years."
http://www.101forexcurrencytrading.com/
  • #28
  • Jul 1, 2012 3:24am Jul 1, 2012 3:24am
found this and like to share

The Classic Turtle Trading Indicator

It takes a lot for me to IGNORE you, but you can try.
  • #29
  • Jun 30, 2013 3:42pm Jun 30, 2013 3:42pm
Quoting aeron_1025
Hi kristjantelve, Please refer to the attachment on the first post: turtlerules.pdf “The Turtle Trading System was a Complete Trading System. Its rules covered every aspect of trading, and left no decisions to the subjective whims of the trader. It had every component of a Complete Trading System.” ___________________________________ "I respect my trading system, I never try to outwit my system. Why? Because my trading plan keeps making money consistently for...
Have you been successful in making money, since the start of the thread.? Pyramiding is vital to the success of this method, also, the money management. Did you drop your % risk by 20% as your equity dropped by 10%? These two factors are central to making money using this method. I'd be interested to know how you got on.
  • #30
  • Jul 9, 2013 1:56pm Jul 9, 2013 1:56pm
Oh well, he must be too busy spending his profits to reply. I hope so
  • #31
  • Oct 29, 2013 9:02am Oct 29, 2013 9:02am
Hi! I would like write an EA based on the turtle trading channel indicator, but seem like the indicator got problem.

Can someone help to take a look?
Appreciate.
Attached File(s)
File Type: mq4 TT Channel.mq4   6 KB | 1,339 downloads
  • #32
  • Oct 29, 2013 10:18am Oct 29, 2013 10:18am
You don't need any indicator for this EA. The channel is defined by the highest high and the lowest low for the last N bars:

Inserted Code
double h = iHigh(Symbol(), Period(), iHighest(Symbol(), Period(), MODE_HIGH, N, 1));
double l = iLow(Symbol(), Period(), iLowest(Symbol(), Period(), MODE_LOW, N, 1));

For the stops/exits you simply use different N.
  • #33
  • Oct 29, 2013 10:42am Oct 29, 2013 10:42am
Quoting Barbossa
You don't need any indicator for this EA. The channel is defined by the highest high and the lowest low for the last N bars: double h = iHigh(Symbol(), Period(), iHighest(Symbol(), Period(), MODE_HIGH, N, 1)); double l = iLow(Symbol(), Period(), iLowest(Symbol(), Period(), MODE_LOW, N, 1)); For the stops/exits you simply use different N.
OK. Am i right to write the following condition based on the code in post 32, to define the upside and downside movement as long as the value of Trend is maintained?
Thanks.

if (Close[1]>h) int Trend=1; //Uptrend or break to upside
if (Close[1]<l) Trend=0; //Downtrend or break to downside
  • #34
  • Oct 30, 2013 3:31am Oct 30, 2013 3:31am
Quoting ~bull.bear~
{quote} OK. Am i right to write the following condition based on the code in post 32, to define the upside and downside movement as long as the value of Trend is maintained? Thanks. if (Close[1]>h) int Trend=1; //Uptrend or break to upside if (Close[1]<l) Trend=0; //Downtrend or break to downside

Strictly speaking, you need to check every tick if the current Bid price has exceeded one of the boundaries:
Inserted Code
if ( Bid > h )
  Trend = 1;
if ( Bid < l )
  Trend = -1;

If you want bar-by-bar analysis instead of tick-by-tick, you can check the value of the last close as above. However, keep in mind that the values of "h" and "l" are calculated as the highest high/lowest low of the last N bars, bar 1 included. So you need to first check the last close against their previous values and then update them. Otherwise Close[1] would never exceed either of them, as Close[1] would never be greater than High[1] or smaller than Low[1].
  • #35
  • Oct 30, 2013 3:58am Oct 30, 2013 3:58am
Quoting Barbossa
{quote} Strictly speaking, you need to check every tick if the current Bid price has exceeded one of the boundaries: if ( Bid > h ) Trend = 1; if ( Bid < l ) Trend = -1; If you want bar-by-bar analysis instead of tick-by-tick, you can check the value of the last close as above. However, keep in mind that the values of \"h\" and \"l\" are calculated as the highest high/lowest low of the last N bars, bar 1 included. So you need to first check the last close against their previous values and then update them. Otherwise Close[1] would never exceed either...
Alright. Thanks for your help.
Then i have 2 options.

Option A:
Inserted Code
double h = iHigh(Symbol(), Period(), iHighest(Symbol(), Period(), MODE_HIGH, N, 2));
double l = iLow(Symbol(), Period(), iLowest(Symbol(), Period(), MODE_LOW, N, 2));
.......
......
if (Close[1]>h)      int Trend=1; 
if (Close[1]<l)          Trend=-1;

Option B:
Inserted Code
double h = iHigh(Symbol(), Period(), iHighest(Symbol(), Period(), MODE_HIGH, N, 1));
double l = iLow(Symbol(), Period(), iLowest(Symbol(), Period(), MODE_LOW, N, 1));
.......
......
if ( Bid > h )    int Trend = 1;
if ( Bid < l )        Trend = -1;
  • #36
  • Oct 30, 2013 4:14am Oct 30, 2013 4:14am
Yep.
Option A would have some strange effects. For example, imagine a pin bar through one of the boundaries, which closes back inside the channel. That would NOT trigger the "new trend" condition but would change the channel for the next bars, since you would have a new high or low. Now imagine the next bar closes somewhere near the tip of the pin but not beyond it. That would be inside the updated channel (again, not triggering the new trend condition) but would be outside of the starting one. This way you can have a slow trend that gradually moves the channel in a single direction without ever triggering a trade.
  • #37
  • Oct 30, 2013 5:38am Oct 30, 2013 5:38am
Quoting Barbossa
Yep. Option A would have some strange effects. For example, imagine a pin bar through one of the boundaries, which closes back inside the channel. That would NOT trigger the \"new trend\" condition but would change the channel for the next bars, since you would have a new high or low. Now imagine the next bar closes somewhere near the tip of the pin but not beyond it. That would be inside the updated channel (again, not triggering the new trend condition) but would be outside of the starting one. This way you can have a slow trend that gradually...
Well saying.
Thanks.
  • #38
  • Nov 22, 2013 12:29pm Nov 22, 2013 12:29pm
Any turtle still alive???
  • #39
  • Apr 11, 2015 5:16am Apr 11, 2015 5:16am
Quoting Holypendant
Any turtle still alive???
The turtle life is spanning to a long time... long life the turtle..
Look for it and you will find it
  • #40
  • Apr 24, 2015 4:44am Apr 24, 2015 4:44am
so all turtle had become old and skinny..
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