since i started this thread i would like to give an update. we finished backtesting a portfolio of three different trend following strategies. they form a modified sharpe of 1.8 over twenty years of backtesting. one of them is very turtle-like. we had the portfolio on paper trading for two months and start to trade within the next days. thanks everyone participating in this thread. peace
Just got this email from CBOT: Turtle Trading Strategies: Still Working After 20+ Years July 24, 2004 @ 8:00 AM Chicago / 9:00 AM Eastern. Join Russell Sands, one of the original 14 "Turtle" traders, for a three-hour presentation as he discusses how you can apply the same strategies that the "Turtles" use, in your own trading. Click here to register: http://www.hotcomm.com/virmeetCID_ARR.asp?CID=YMDZYQ&MID=CRTAY3
I didn't know that. Do they have Q&A at the end of those webinars? That would be a great question but I doubt you'd get an answer.
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Darkhorse made an accurate quote ''not an absolute''on that Ed Seykota paragraph , rightly noting the difference between a high probability & infallibility. John Henry made the managed money review again. A different,[non John Henry fund apparently] , # 1 fund made " +79.25% YTD [60 % max drawdown Acct]''. Futures magazine,July 2004,subtitled includes stocks , options. Dont Know if Bruce Kovner or Michaell Masters did as well as Ed Seykota, in % gain; but all three made the Jack Schwager read, the former 2 had low, exception to the rule , single % drawdowns. Interesting they would subtitle a fund ''60 % Max Drawdown' Acct'
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Cutten ; Could take an outsize risk[say over 3% equity] with private money; like the first year of a bull market in stocks in 2003 and i would agree with you on with that reguardless of equity trend. As a general principle would agree with darkhorse more because its trading with equity trend- not saying make a habit of outsize risk taking. Simply the darkhorse scenereo has better working capital results even if he loses on that one trade. Even a HIGHLY intuitive multi-million top trader/Schwager , who compared trading to ''art of archery'' paper trades after 3 losses l. Unusual top trader like Joseph who used dreams to trade corn in 7 year trends. Also championship archers use a lot more than intuition & lots of experience; many use compound & complex pulleys, mechanical sights, some use mechnical releases.....
Hello Mr. Faith. I learned from this article on the Van Tharp website http://www.mastermindforum.com/phorum/read.php?f=9&i=13133&t=13133 that you have stopped giving away the Turtle Rules for free, despite the fact that the document brags and brags about how proud you are that you're not charging money for them. As the Tharp article points out, your Rules document includes the direct quotations below. On your software website it says that you've done this to buy yourself a nice bottle of wine?? Mr. Faith, you are the owner of several cocktail bars in the US Virgin Islands, don't you have plenty of wine already? From Tharp's site: "This project had its seed in various discussions among a few of the original Turtles, Richard Dennis, and others regarding the sale of the Turtle Trading System rules by a former turtle, and subsequently, on a website by a non-trader. It culminated in this document, which discloses the Original Turtle Trading Rules in their entirety, free of charge." "Like many of the other Turtles, it always bothered me that some were making money off the work of Richard Dennis and Bill Eckhardt without Rich and Bill's consent;" "I had often thought that a great way to deal with this problem would be to give the Turtle Trading Rules away for free. Since others had already let the cat out of the bag, and since anyone who really wanted the rules could already get them by paying, ..." "For that reason, it seemed like poetic justice that giving the rules away and revealing the truth about those who had been selling them would probably end the practice of selling the Turtle Trading Rules"
Yes, I agree on these points. And I have tested these rules. Extensively. And much like *most* of the other posters on this thread, I have found the basic rules don't work - or at the very least don't work as well as simple buy and hold. Oh, the "basic core" works, but then you tested something different? That's not the same "system" then is it? Yes. Please THINK. Do some work. And don't regurgetate this crapola like some vendor.