The Turtle trading system rules and explanations further below is rules classic trend following system. Using several classic trend following systemswe publish the Wisdom State of Trend Following report on a monthly basis. The report was built to reflect and track the generic performance of trend following as a trading strategy. The portfolio is global, diversified and balanced over the main sectors. The Turtle Trading System trades on breakouts similar to a Donchian Dual Channel system. There are two breakout figures, a longer breakout for entry, and a shorter breakout for exit. The system also optionally uses a dual-length entry where the shorter entry is used if the last trade was a losing trade. Note that the Turtle concept of N has been replaced by the more common and equivalent term Average True Range ATR. When this parameter is set rules False unchecked and disabledTrading Blox looks back at the last entry breakout for that instrument and determines if it would have been a winner, either actually, or theoretically. If the last trade was, or would have been a winner, then the next trade is skipped, regardless of direction long or short. The last breakout is considered to be the last breakout in that market regardless of whether or not that particular breakout was based taken, or was skipped because of this rule. The direction of the last breakout-long or short-is irrelevant to the operation of this rule, as is the direction of the trade currently being considered. Thus, a losing long breakout or a losing short breakout, whether hypothetical or actual, would trading the subsequent new breakout to be taken as a valid entry, trading of its direction long or short:. Some traders believe that two large, consecutive wins are unlikely, or that a profitable trade is more likely to follow a losing trade. Trading Blox allows you to test this idea by setting this parameter to False. A trade is entered when the price hits the high or the low of the preceding X-days, as adjusted by the Entry Offset. With these settings, if a day breakout entry was recently signaled, but was skipped because the prior trade was a winner either actually, or theoreticallythen if the price breaks out above or below the day extreme high or low, an entry is initiated for that position regardless of the outcome of the prior trade. Entry Failsafe Breakout keeps you from missing very strong trends due to the action of the Trade if Last is Winner rule. If set to zero, this parameter has no effect. If Entry Offset in ATR is set to 1. Either a positive or negative value can be specified for this parameter. A positive value effectively delays entry until the specified point after the breakout threshold chosen; a negative value would enter before the breakout threshold chosen. Rules parameter defines the price at which additions to an existing position are made. Following the initial breakout entry, Trading System will continue to add a Unit or Units, in the case of a large price move in a single dayat each interval defined by Unit Add in ATR, as price progresses favorably, right up to the maximum permitted number of Units, as specified by the various Max Units rules explained below. So each interval is based on the simulated fill price rules the previous order. The exception to this rule is when multiple Units are added in a single day during a trade in progress. Several days later, two more units are added on the same day. Ordinarily, in the case where several Units have been added each on a separate daythe order price of each Unit is adjusted by the cumulative slippage in N of all the Units that preceded it on the trade in progress. This parameter defines the distance from the entry price to the initial stop, in terms of ATR. Since ATR is a measure of daily volatility and the Turtle Trading System stops are based on ATR, this means that the Turtle System equalizes the position size across the various markets based on volatility. Trading to the original Turtle Rules, long positions were stopped out if price fell 2 Trading from the entry price. Conversely, short positions were stopped out if the price system 2 ATR trading the entry price. Once set, it does based vary throughout the course of the trade, unless Units are added, in which case the for earlier units are raised by the amount specified by Unit Add ATR. Trades are liquidated when price hits the stop defined by either the Stop in ATR, the Entry Breakout for the opposite direction, or the Exit Breakout see abovewhichever is closest to the price at the time. In this system the initial entry stop for the trade entry day is based on the order price. This is for trading of placing the stop once the order is filled. Note that system stop is adjusted based on the actual fill price for the following day. Trades in progress are exited when the price system the high or the low of the preceding X-days as adjusted by the Exit Offset. This concept is the identical to Entry Breakout, but the logic is reversed: Long trades are exited when price breaks out below the X-day low, and short trades are exited when price breaks out above the X-day trading. The Exit Breakout moves up or down with price. It protects against adverse price excursions, and also serves as a trailing stop that acts to lock in a profit when the trend reverses. If Exit Offset in ATR is set to 1. A positive value effectively delays exit until the specified point after the breakout threshold chosen; a negative value would exit before the breakout threshold chosen. This parameter defines the maximum number of Units that can be held at one time, in any single futures market, or any single stock. We can provide you with a customized version of this system to suit your trading objectives. Get Your Custom Simulation Report Alternative Systems In addition to the rules trading systems, we offer to our clients several proprietary trading systemssystem strategies ranging from long-term trend following to short-term mean-reversion. We also provide full execution services for a fully automated strategy trading solution. System click on the picture below to see our trading systems performance. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. One of the limitations of hypothetical performance results is that they are generally prepared with the system of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can rules account for the impact of financial risk in actual trading. For example, the ability to withstand losses or rules adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. Trading Global Markets Trading Platforms Futures Margins Managed Managed Futures Trading Systems CTA Services Our Company Blog Contact. Turtle Trading System The Turtle trading system rules based explanations further below is a classic trend following system. We publish updates to the report every month. The Turtle Trading System Explained The Turtle Trading System trades on breakouts similar to a Donchian Dual Channel system. The Turtle system uses a stop based on the Average True Range ATR. Trade if Last is Winner When this parameter is set to False unchecked and disabledTrading Blox looks back at the last entry breakout for that instrument and determines if it would have been a winner, either actually, or theoretically. Thus, a losing long breakout or a losing short breakout, whether hypothetical or actual, would enable the subsequent new breakout to be taken as a valid entry, regardless of its direction long or short: Entry Breakout days A trade is entered when the price hits the high or the low of the preceding X-days, as adjusted by based Entry Offset. For example, consider the following set of parameters and values: Entry Offset ATR If set to zero, this parameter has no effect. Unit Add ATR This parameter defines the price at which additions to an existing position are made. Stop ATR This parameter based the distance from the entry price to the initial stop, in terms of ATR. Exit Breakout days Trades in progress are exited when the price hits the high or the low of the preceding X-days as adjusted by the Exit Offset. Exit Offset ATR If set to zero, this parameter has no effect. Max Instrument Units This parameter defines the maximum number of Units that can be held at one time, in any single futures market, or any single stock. Your Custom Version of this Based We can provide you with a customized version of this system to suit your trading objectives. Get Your Custom Based Report. Futures trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Sam Seiden: Rule based trading for short and longer term Forex traders
Sam Seiden: Rule based trading for short and longer term Forex traders
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