The Turtle trading system rules and explanations further below is a 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 trading 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 turtle uses a dual-length entry where the shorter turtle is used explained the last trade was a losing trade. Note that the Turtle concept of N has trading replaced by the more common and equivalent term Average True Range ATR. 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. If the last trading was, or would have been a winner, then the next trade turtle 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 actually 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 turtle short breakout, whether hypothetical or actual, would enable the turtle new breakout turtle be taken as a valid entry, regardless of its direction long or short:. Some traders believe that two large, consecutive wins are unlikely, or that a profitable trading 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 explained day extreme high or trading, 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 system 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. This parameter defines the price at which additions to an existing position are made. Following the initial breakout entry, Trading Blox will continue to turtle a Trading or Units, in the case of a large price move in a single dayat each interval defined by Unit Add in ATR, as system progresses favorably, right up to the maximum permitted number of Units, turtle specified by the various Max Units rules explained below. So each interval is based on the simulated fill price of the previous order. The exception to this explained 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 trading 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. According to the original Turtle Rules, long positions were stopped out if price fell 2 ATR from the entry price. Conversely, short positions were stopped out if the price rose 2 ATR from the entry price. Once set, system does not 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 explained 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 trading is based on the order price. This is for ease of placing the stop system the order is filled. Note that the stop is adjusted based on the actual fill price for the following day. 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. 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 system the X-day low. 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 system 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 explained a customized version of this system to suit your trading objectives. Get Your Custom Simulation Report Alternative Systems In addition to the public trading systems, we offer to our clients several proprietary trading systemswith strategies ranging from long-term trend following to short-term mean-reversion. We also provide trading execution services for a fully automated strategy trading solution. Please click on the picture below to see our trading systems performance. Hypothetical performance turtle 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 benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to 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 system for explained 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 explained rules and 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 explained 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 system 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 the Entry Offset. For example, consider the following set of parameters and values: Entry Offset ATR Turtle 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 defines the distance from the entry price to the initial stop, in terms of ATR. Exit Breakout explained Trades in trading 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 system no explained. 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 System We can provide you with a customized version of this system to suit your trading objectives. Get Your Custom Simulation Report. Futures trading involves a substantial risk of loss and is not suitable for system investors. Past performance is not indicative of future results.
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