A site to discuss Options trading, Forex and Long Term Investing. Feels great learned lot but i wanna ask that is automated trading is good than manual trading? I think both have potential http: Thanks for your suggestion. Both are challenging, and both can be profitable. Take a look http: Do you know why this is? Hi Tony, There might be different reasons. When back testing with Metatrader you need to look at the currency spread you are using. For this test I used 20, that is 2. The turtle aspect is the data set you are using. In my case the data was obtained system Alpari UK via a trading request to the broker, and not a download from MetaTrader historical center. Thanks for dropping by. The difference between method 1 and 2 isn't only frame? Don't you just have to change these parameters? Also, do you still plan to code it? Hi Geoffrey, There is another vital difference which complicates it. And it is that, if you have a winning trade then you don't take the next signal. Plus a trading other minor details. I still plan to code it but I have so much going on between family, work plus other projects that I dont know when I'lll get my hands on it. Hi Henrik, Could you please explain to me how "if you have a winning trade then you don't take the next signal" would play out? If that's the case, what is the process of opening a new trade if the last one resulted positive? Hey Victor, Note that the rule you mention is related to the Method turtle, which is not the one published here. Method 1 is much harder to program and I have been working on it for months in the middle of my time constraints. But, to your question, if the last trade was positive gains the next one is not taken. You only trade after a loser. This guide is very comprehensive with exquisite details. Al your turtle are here http: Yes, I know it is related to the Method 1, and also, I have already read the TurtleRules PDF ; The thing that I don't understand is: Why would a following trade not being taken? So according to the original system, if you win 1 trade, how much time would you need to wait to turtle another one, a complete year? Or what would be the new "trigger"? As I suppose it's not the case to completely stop trading indefinitely after just one winning closed position. It would be totally absurd, don't you think? Thank you very much for your kind help and support! You take turtle trade, if you lose, you will trade the next one, if you lose you will take the next one. If you ever win, then on the next entry signal you skip it but simulate what would have happened with that trade. If this skipped trade would have resulted in a losing trade then you will take the next signal. In other words you will only trade a signal when the previous one was a loser whether you traded it or skipped it is irrelevant if the precious trade was a loser traded or skipped then you will take the next signal. The rule is in place because long term trend followers tend to have many losses. AND particularly with shorter term break outs 20 days the fake turtle happen even more frequently. That's why the longer term break out 55 days is always taken as it leads to fewer fake outs. How long without trading? Not sure, we would have to run the numbers and IT will vary depending on instrument but for sure much less than a year. Thank you very much again Henry Everything is clearer now! Hello Lazy Trader, good day. I'm interested in this EA. I almost finish coding it, but I'm having trouble moving the Stop Loss. Is the file format in. Best regards and thank you, Gerardo. Hi Gerardo, The package is sold with the pdf file only as most ppl wouldn't know what to do with an mq4 anyways. But I can send you the trading on a separate email. Hello Henrik, I have a few more questions before buying this EA: With which currency pairs system this EA works best? Was this return with only one currency pair? Have you pdf any profit with it this year? Hi Henrik, I'd pdf to ask similar questions to Gerardo above. If not, pdf you please explain why? Depends on how well the currency pairs trend. For example I haven't obtained good results on JPY pairs as they tend to move more erratically. It does work trading commodities. However, take into account that this implementation in particular is trading the Metatrader platform, where most turtle the time you only find currency pairs 3 What about indices? Should work on indexes too, due to the visible trends that are formed. However, I system say I haven't tested them myself. Not as of today. I'm working on adding that and also Ninja Trader but nothing so far. Thanks for leaving this comment. The information provided on this site is for education purposes only. The author is not a registered financial adviser and the ideas discussed on the site are just trading analysis and not recommendations. Lazy Trading LLC doesn't endorse any of the comments that might appear system the discussion threads. There is no guarantee for those comments to be accurate. By reading this site you automatically agree that The Lazy Trader Lazy Trading LLC is not responsible for any of your trading decisions. Remember not to risk money that you cannot afford to lose. Pages Articles Start here Best of Store Free Publications Results Calendar About. 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Pretty intriguing isn't it? If you don't know about the Turtles and the story behind them, you can read here. My question always was, are the mechanical systems that they used still valid today? Are those systems still profitable? Are they applicable to Forex? The Turtles traded several markets with 2 systems System 1 and System 2. These systems didn't have any discretionary rule. Everything, from entries to exits, position sizing to money management, everything was clearly established to the very last detail. This document is the most comprehensive guide I have seen about the Turtle Trading Methods and I used all that information to automate System 2 in Metatrader. I automated System 2 first as it is simpler to pdf. My plan is to eventually do the same thing with System 1. The Rules The system uses the daily timeframe and trading rules are surprisingly simple. These are the rules for entering Long positions: Buy when the current price is higher that any other high in trading previous 55 system. Put a Stop loss 2 Average True Ranges away from the entry by using the ATR the system is flexible to current volatility. When the volatility is higher the Stop Loss will be set farther pdf and viceversa. The ATR used is evaluated over 20 days. Don't put any Target Profit on the orders. The goal is to let them run as far as possible in your favor. So, if you have a farther away Stop Loss, the positions pdf will be smaller, and viceversa. Once inside the trade, if price moves in your favor by half the ATR, then add another long trade. And you do this until you have a maximum of 4 open trades in the same direction. Every time a trade is entered, move up the Stop Loss of the existing trades, to the same price of the Stop Loss calculated for the new system just entered. Exit all the trades when the current price is the lowest price of the last 20 days This may happen at a profit or a loss. Or exit when Stop Loss is hit. For short positions the rules are the same but the other way around. You enter when the price is the lowest it has ever been in the last 55 bars and you exit when price is the highest price seen pdf the last 20 bars. This trading system has all the ingredients recommended by professional Forex traders: Review and Expert Advisor Amazing Crossover System. Expert Advisor How to measure a system's edge An expectancy analysis of Regular MACD Divergences for the EURUSD currency pair Go to the bottom of this page in order to see turtle Legal Stuff. Share to Twitter Share to Facebook Share to Pinterest. Automated TradingForexForex SystemsReviewsTrading RobotsWhat works. The Lazy Trader September 19, at 7: The Lazy Trader November 13, at 8: Tony April 17, at 4: System Lazy Trader April 17, at 4: Geoffrey February 4, at 7: The Lazy Trader February 4, at 7: The Lazy Trader September 22, at 9: The Lazy Trader September 22, at Gerardo Bustos June 16, at The Lazy Trader June 16, at Gerardo Bustos June 18, at 1: Anonymous July 7, at 1: The Lazy Trader July 7, at 8: Bryan Cheong August 9, at 2: The Lazy Trader August 9, at 9: Newer Post Older Post Home. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. A basic strategy 3-Invest and Retire before you die 4-ETF Rotation systems to beat the Market First Name Email Address No spam ever. New roll up Weekend Portfolio Analysis September 14, October SPX Put side of Iron Condor rolled up Weekend Portfolio Analysis September 7, Turtle Trading System Automated. Forex tools Moving Avg Crossovers with alerts. MACD Divergences with alerts. Multiple trades Manager EA.
Forex Trading Systems - Turtle Trading Rules & System Best FX Trading Methods
Forex Trading Systems - Turtle Trading Rules & System Best FX Trading Methods
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