Registered: Aug 2011
09-30-11 06:34 AM
example for one of the "old" turtles strategies, is,
to wait for a new High after at least 4 bars between the last high and go short on the new high or wait for the next bar until price starting to go down and short then - mostly traded on the daily chart, exit was about 2 - 3 daily bars after that, or if price would move extremely, exit would be on the end of that bar - day......
This still happens all the time, its just testing of high and lows.
But to trade like i describe above, is just to simple and thats why it is not really successfull, maybe it still have a success rate of 30%, i dont know.
you must imagine they traded it without any indicator......