“Turtle Trading strategy” implementations

[henrythebest]

It's too complicated for me because I don't learn to trade too deep. So far, I only use a simple strategy which is buying low and sell high, and it's working for me. I will learn the other strategy, but I realize it will need more time to master and now, I don't have much time to learn many things, so I stick with my strategy. At least, that strategy can give me a profit, but I am sure that there are people who can learn more from that Turtle Trading Strategy.

good for you , any method, making profit is the only standard, only truth about trading.

[1715182166]

1715182166

[gabbie2010]

It's too complicated for me because I don't learn to trade too deep. So far, I only use a simple strategy which is buying low and sell high, and it's working for me. I will learn the other strategy, but I realize it will need more time to master and now, I don't have much time to learn many things, so I stick with my strategy. At least, that strategy can give me a profit, but I am sure that there are people who can learn more from that Turtle Trading Strategy.

good for you , any method, making profit is the only standard, only truth about trading.

I will suggest you backing up this turtle trading strategy with a chart illustrations if possible this will enable newbie traders to fully grasp and understand the strategy better and encourage interested traders to demo trade and ascertain its workability and verify it here kudos to you for taking your time on this strategy.

[henrythebest]

It's too complicated for me because I don't learn to trade too deep. So far, I only use a simple strategy which is buying low and sell high, and it's working for me. I will learn the other strategy, but I realize it will need more time to master and now, I don't have much time to learn many things, so I stick with my strategy. At least, that strategy can give me a profit, but I am sure that there are people who can learn more from that Turtle Trading Strategy.

good for you , any method, making profit is the only standard, only truth about trading.

I will suggest you backing up this turtle trading strategy with a chart illustrations if possible this will enable newbie traders to fully grasp and understand the strategy better and encourage interested traders to demo trade and ascertain its workability and verify it here kudos to you for taking your time on this strategy.

thanks a lot , will do that

[Obiwankenodium]

You can also look into the sort of counter trading this turtle strategy called "turtle soup".

[Sengoko]

I just read this and to be sincere, this is the first time I’m seeing anything called Turtle Strategy. But I’m not really understanding this strategy so I’ will just bookmark this page and come back later to read it and see if I can understand how it works. Already have a strategy, if this seems better, might try it out later. Thanks for sharing.

[henrythebest]

I just read this and to be sincere, this is the first time I’m seeing anything called Turtle Strategy. But I’m not really understanding this strategy so I’ will just bookmark this page and come back later to read it and see if I can understand how it works. Already have a strategy, if this seems better, might try it out later. Thanks for sharing.

no problem, glad you like it!

[deisik]

In my experience, generally speaking, the simpler the system, the more robust it is. Beginning traders make the mistake of trying to develop a system that is rarely wrong. There is no Holy Grail of systems.
The Holy Grail of trading is inside of you, in terms of knowing yourself and your emotional weakness, and working to trade in a way to minimize harm from your weaknesses

Agree with every word said

From my experience, the best strategy long term wise is simply following the trend, i.e. when the price goes up, you buy in, when it starts to slide down you sell out (using stop-losses or otherwise). If you look at historical data, you will see that this strategy would always bring you profits in the long run, even if it could sometimes bring you small losses when you would have to get out from a losing position. And as you get the hang of it, you can proceed to tweak it so as to squeeze more profits from every price movement but not until then

[rubythebest888]

great communication here.
Learn and think a lot.
Posts like this from newbie trader should be not overlooked.

[Awesomus Maximus]

   2. When to open a position
The action of opening a position comes from the generation of a trend breakthrough signal. If the current price breaks through the upper track, it will generate a buy position signal.

I tried using Donchian channel once, but it somehow gave a me lot of false signals so I gave up. I may revisit it in the future, as it showed some promise. It seemed to me that it could be especially good for trend following, which I think this system does very well. A question: How about waiting for 2 consecutive breaks through the upper track? Is such a signal more trustworthy than using just one break through the upper Donchian line?
 

[trycrypto]

4. How to do dynamic stop loss

If the holding position is long positions and the price of the asset falls by 2N based on the last holding position (or adding position), then stop loss for all positions;

If the holding position is short position and the price of the asset has increased by 2N based on the last holding position (or adding position), then the entire position must be closed.

Of course, the user can customize the dynamic stop loss plan, such as a 0.5N drop to start partial closing position, instead of waiting for a 2N decline after a rush to close the position; after all, the impact cost is there.

if my crypto exchange does not have a stop loss function. What should I do then?

[Awesomus Maximus]

if my crypto exchange does not have a stop loss function. What should I do then?

There is not much you can do but change the exchange. (Or stay by your computer all the time monitoring the price, which is pretty cumbersome if you ask me) No serious trader would trade without a stop loss. In my opinion trading without a stop loss is a recipe for disaster. The major part of my personal loses originate from the time I didn't care about stop losses, so I didn't use them. Now I regret that deeply.

[henrythebest]

4. How to do dynamic stop loss

If the holding position is long positions and the price of the asset falls by 2N based on the last holding position (or adding position), then stop loss for all positions;

If the holding position is short position and the price of the asset has increased by 2N based on the last holding position (or adding position), then the entire position must be closed.

Of course, the user can customize the dynamic stop loss plan, such as a 0.5N drop to start partial closing position, instead of waiting for a 2N decline after a rush to close the position; after all, the impact cost is there.

if my crypto exchange does not have a stop loss function. What should I do then?

almost most of them have the API interface, which means you can connect it through certain programming skills, check this website, fmz.com   it all done the job for you , you just need some programming skills to code your trading ideas if you are interested.

[henrythebest]

   2. When to open a position
The action of opening a position comes from the generation of a trend breakthrough signal. If the current price breaks through the upper track, it will generate a buy position signal.

I tried using Donchian channel once, but it somehow gave a me lot of false signals so I gave up. I may revisit it in the future, as it showed some promise. It seemed to me that it could be especially good for trend following, which I think this system does very well. A question: How about waiting for 2 consecutive breaks through the upper track? Is such a signal more trustworthy than using just one break through the upper Donchian line?
 

great advise, this strategy is just a framework, in real market enviroment, i think there are still lot of parameter need to be modify.

[Supercrypt]

I think liquidity plays an important part in that question. If you have a good amount of capital than having two break positions would be more beneficial in case of double dipping on the trend however if your capital is too small to make a difference than one break would be enough. I know not many people with just couple hundred dollars care about donchian however if that is the case (which is rare but could happen) those people should be strictly one break and it would be enough.

Moreover, when companies with billions of dollars to invest do this they probably do double even triple break points just in case. You need to ask yourself what is the amount of risk you are willing to take, if you are willing to risk all at once than you can go all in, more than likely it will be fine however if you want less risk and less reward double would be better.