TURTLE TRADING STRETAGY

TURTLE TRADING IS INSPIRE BY  Richard Dennis  By the early 1980s, Dennis was widely recognized in the trading world as an overwhelming success. He had turned an initial stake of less than $5,000 into more than $100 million. He and his partner, Eckhardt, had frequent discussions about their success. Dennis believed anyone could be taught to trade the futures markets, while Eckhardt countered that Dennis had a special gift that allowed him to profit from trading.

The experiment was set up by Dennis to finally settle this debate. Dennis would find a group of people to teach his rules to, and then have them trade with real money. Dennis believed so strongly in his ideas that he would actually give the traders his own money to trade. The training would last for two weeks and could be repeated over and over. He called his students "turtles2"

TURTLE IS A TREND FOLLOWING SYSTEM AND IT USES BREAKOUT FOR BUY AND

SELL SO MY strategy IS LITTLE MODIFIED WITH TURTLE TRADING strategy AND

MY strategy IS VERY SIMPLE AND I BACKTEST IT PI BACKTESTER …IT SHORT TERM TRADING STRAGY

THINGS REQUIRMENT:ADX,PSAR INDICATORS

ADX IS FOR TRENDING SIGNAL , PSAR FOR TRAILING STOPLOSS AND PROFIT

BUY: WHEN CLOSE IS GREATER THAT PREVIOUS 7 CANDLE HIGH AND ADX DI+

IS GREATER THAT 25 AND PSAR (CLOSE,0.02,0.2) FOR PROFIT BOOKING AND STOPLOSS

SELL: WHEN CLOSE IS LESS THAN PREVIOS 7 CANDLE LOW AND ADX DI-

IS GREATER THAT 25 AND PSAR (CLOSE,0.02,0.2) FOR PROFIT AND STOPLOSS

PI TRADESCRIPT:

FOR BUY: CLOSE>REF(HIGH,-7) AND

CLOSE>REF(HIGH,-1) AND

DIP(10)>25

FOR SELL: CLOSE<REF(LOW,-7) AND

CLOSE<REF(LOW,-1) AND

DIN(10)>25

BUY EXIT: CLOSE<PSAR(CLOSE,0.02,0.2)

SELL EXIT: CLOSE>PSAR(CLOSE,0.02,0.2)

YOU CAN BACKTEST IF FOR YOUR SELF IN PI BACKTESTER JUST COPY AND PASTE SCRIPT CODE:

SAMPLES OF BACKTEST:

EXTRA NOTE: FOR COMFIRMATION ABOUT BREAKOUT YOU CAN USE VOLUME IF VOLUME IS HIGH OR ANY NEW EVENT  THAT CLEAR THE DIRECTION OF STOCKS THIS strategy  WILL NOT WORK ON ALL STOCK

CHOOSE BEST TRENDING STOCK AND GREATER TRUE RANGE STOCKS  YOU CAN DO MANULLY BACKTEST THE strategy FOR BETTER PERFOMACE USE DAILY CHARTS FOR STRATEGY TO WORK YOU HAVE TO SELECT BEST TRENDING STOCK AND SELECT MULTIPYL STOCK LIKE 3 OR 4 STOCK FROM DIFFERENT SECTORS

FOR BOOK SUGESTIONS:WAY OF THE TURTLE

OR DO YOU HAVE ANY QUESTION REGARDS MY STRAGY FEEL FREE TO QUESTION I WILL DO BEST TO CLEAR YOU MINDS YA I KNOW I WILL GET DOWN VOTE BUT NO REGRET I TRY TO GIVE SOME REAL DECENT STRATEGY  OR DO YOU WANT MORE PROOF I WILL SENT MORE RESULT.. THANKYOU