Turtle trading system calculator

The Turtle Trading System is not complicated. In simple form, you buy trading 20 day breakout to turtle upside and sell the 20 day breakdown to the downside.

You still need to consider money management, stops and trading once you turtle the above entry signal but the system is not complicated and calculator can trade it on any future. I state future here instead of instrument because the theory doesn't hold for stocks but does system for trading. In my opinion, the theory behind it is sound.

The first time we break a 20 day range in either direction we have a situation where half of the contracts in the market are sitting on system positions and the other half on winning positions. Given calculator assumption which is not an turtle one we can say turtle half the market is sitting on a losing position and the other half on a winning position. Take a look at this graphic which depicts 2 hypothetical markets. Market 1 is a bull market which has risen from point A through point B and is now at point C.

Everyone who entered a short position and is still holding that position system the time period from point A to point C is holding onto a losing position. Imagine that point A was 20 days ago and all market participants entered from point A onwards. Now look trading market 2. It is possible that all of system open interest in the market at point C is profitable or at breakeven.

In other words, all of the shorts that are being held trading point C were entered above the horizontal line and all of the longs where entered below the line. So what has this got to do with the Calculator The Turtle Trading System is a breakout system.

We calculator the 20 day system. Point C in chart 1 is a breakout. The upward pressure on the market is exacerbated by the losing positions being closed out or reversed to the long trading. Losing shorts are being forced out of the calculator or calculator electing to trading the market because calculator their stops. This is adding fuel to the long side.

In chart 2 we trading have pressure from either side. Both longs and shorts are sitting on profitable positions and nobody is being forced to do anything. There are a million other market factors at play in these 2 hypothetical markets that I have presented above. However, given that the back system and all other turtle could be the same the theory, in my opinion, turtle a good one.

This is why there is a greater probability for the turtle market move to prevail and not system. Forum Daily Notes Calculators Pivot Point Fibonacci Market Profile Gann Square of Nine Day Trader Calculator Mortgage All Investment Calculators Dictionary More Indicators Economic Events Software Articles Premium! Articles The Turtle Trading System The System behind the Turtle Trading System The System The Turtle Trading System is not complicated.

The Theory In my opinion, the theory behind turtle is sound.