Just Another Turtle Trading Journal

Maybe the first arrow on your graph is the S1 long entry
And the second arrow would be S2 long entry (however given that S1 long was still in progress, i think this signal would have to be ignored)

Looks to me like it is when you EXIT on the 10 day low, the faint line, you can re-enter on a new 20 day high

Depends on your trading plan I suppose 55 days, 20 days 10 days ....... ???

You have right, now i see clearer.




I have one more question.
Rules says:
"Entries
System 1: Long 20-day breakout if lsat signal was a lost. Short 20-day breakout if last signal was a loss"

Can anyone explain to me which one of the signals below is good signal and which one was a loss?

Attached Image (click to enlarge)

It should work...provided you don´t miss a single trend run...turtles sometimes where making their profit on a single stock....

Lasior, I would be careful entering that signal. I personally ignored it. The pair seems to be stuck in a ranging market. Just my opinion.

@Erebus

Thanks for all your help. I appreciate you giving guidance.

Gold and Silver both have 20-day sell signals. I entered both.

Gold short entry at 1187.85
Silver short entry at 15.795

Yes, that's true, they traded everything, diversified is the word, a good run as shown by OIL would be the winner for them for 2014, especially with many scale in entries!

Cheers Voro, glad I could help

What for these dots are?
New Hi and new Lo?
Do we need them?

What for these dots are? - They show that price has made a new 10 Day High

New Hi and new Lo? - Almost, highest high for last 10 days (or whatever you set the indicator to display)

Do we need them? - Show me our trading plan; it should say in there

All jokes aside, you need to analyze how you intend to trade using Turtle method. Voro has given his intentions in Post 1

For example, in the chart shown, you will get whipsaw in and out of a trade BUT where are you in the trend?

Do you have multiple positions open? Will you exit and enter all on every signal? How will you recalculate position size and stop loss?

Will you have time to monitor each trade daily, adjusting every stop loss and re-entry? Is the high enough for exit or do you need close above?

Sit down and write down your plan; keep researching and learn the method as you doing.

This method would have worked great since July or August but I don't see anyone saying they are rich now, why is that?

For all we know, the US dollar may consolidate here for months, bouncing up and down with NO direction; how will you trade that?

Or it may continue, AUD at 0.70 is possible, GBP at 1.35, EURO at 1.20 ---- ha ha it's already there! so maybe parity !!!

Only you can decide how you will be trading future conditions, only you can answer those questions.

Thanks everyone for participating in this thread, I enjoy reading your comments. They also help in refining the system.
The first full week trading should be interesting, quite a few of the pairs are setting up for some solid signals.

I have added my trade explorer to this thread. I have set a custom start for January 1, 2015.

As far as i'm concerned turtling is the best way forward, people are so caught up in the "get rich quick" act that they fail to see the potential with trading systems that are PROVEN to work (although the market is seemingly chagning) because of their deluded vision, people just gamble away when they can simply use systems like these and make steady pips almost guaranteed, yes there will always be drawdowns and losses at times etc etc but your pipcount would be in the +ive in the long run IN a short time.

I have tried many systems, with mixed results over the 2 years i've been "learning" and trading the lower timeframes seems silly to me, yes there are professional and disciplined daytraders who scalp and make thousands, even mllions per annum (very few) but why would you go down the harder and much more stressful/time consuming route when there are much simpler methods, such as turtling (as i like to call it.)

I don't see why we cannot make a steady 1000 (multiple thousands even) pips a month to start of with, doing the math. (i risk 2% not 1%) and i am looking to compound my way up in 2015 (yes i chose turtling as THE way forward from now!)

I have subscribed and will follow this thread closely, will also share my contributions and i hope us turtlers have a successful run!

Hi Erebus, maybe i have a language barrier and i dont'n understand everything exactly, but i know that i must exit on 10-day hi or 10-day lo.
Look at my setup. I dont have dots but i marked to you where i enter end where i exit. I think this is correct...



On your last screen i see that the dots are only visible when PA touching or crossing the 10-day Hi or 10-day Lo.
In my screen below the dots are everywhere You see also my settings are the same like yours. What i have to do to have the dots only in the key points?



Thanx for patience for my questions

OK, for the first one, here are the default setting, and this is what I have to show on the USD-JPY

You should set the Trade Info indicator to display only on 4 hour or 1 hour chart - this way you will have full screen on Daily.

Also, when problem solving, delete everything except the indicator you are working with; then you will know what each setting changes & displays.

Why is that in another language? Is it still the indicator from Point Zero and computer change the language?

I don't know about all the dots you have; check the colors maybe?

Delete the other indicators, just work with 1 indicator and find if that is the problem first

Nevermind the dots Colours are like in your settings...
"Why is that in another language? Is it still the indicator from Point Zero and computer change the language?" - My system change the language.
My indicators are downloaded from the first post.

Ok. There seems to be some confusion on the use of the indicators. I will try my best to give you a guide that you can follow step by step.

Step 1.
Open mt4 and pick a chart, any chart is doesn't matter. For this guide I will be using EUR/USD.
Your screen should look something like this.



Step 2.
Select the DAILY timeframe. I don't use anything else. You probably can if you want, but you will most likely get a lot false entries.
Attach 'The Classic Turtle Trader' indicator TWICE
The first time you attach leave everything as default.
The second time you attach it change the following.

TradePeriod=55
StopPeriod=20
Also change the colors from red and blue to white and green.

​You can also change the candle colour to beige or something similar, it makes the arrows and dots easier to see.

It should look something like this.

The red arrows now show you the 20-day short entries, the red dots show you the 10-day exit.
The blue arrows now show you the 20-day long entries, the blue dots show you the 10-day exit.
The white arrows now show you the 55-day short entries, the white dots show you the 20-day exit.
The green arrows now show you the 55-day long entries, the green dots show you the 20-day exit.

Attached Image (click to enlarge)

Step 3.
Now attach the 'The Turtle Trading Channel.' TWICE

Leave everything at default the first time you attach it.
The second time change the following.

TradePeriod=55
StopPeriod=20
Also change the colors so they match the second indicator in step 2.
You chart should look like this.



Thats it! Now when you enter a trade you can use the channel to gauge where the market is going.

Much obliged kind Sir. :-)

Early aussie session is showing a 20-day long entry on AUD/CHF. I'm keeping my eyes on it while volatility pick up. Il keep you posted.

I don't understand why you have so many Green dots ???

If the Green dot is an exit, there should be a corresponding Entry, am I right?

See my chart, did as you said but different result, hope there is an easy answer for others may be confused also, thanks