Presumably, i guess, i am just an amateur chartist. As a total beginner, i examined the supposed rules they had. And they really sucked. big time.
Don't waste your money. That site will only discourage you, nothing but hype. It will take years of research to develop a successful trading system I'm sorry but that is the truth. Risk and money management is still the key to the way I trade. I use different time frames, entry, exits and most of all stops. Donchian Channels/Turtle entrys once worked successfully but I doubt now if you can squeeze any profits using this methodology. Most successful fund managers listed on iasg.com would not even consider using those methods. Here are some helpful hints statistics, programming, and due diligence. Hopefully this will help, just remember never buy a system and don't sell yours.
I read recently that the last 1-3 yrs were not so good for turtle method ... as there was a large drawdown ( if this drawdown was based on hypothetical P+L curve based on basic turtle rules , perhaps it would have been greatly reduced by a good trader who could adjust some of the rules ina bad run ) ?
-Perhaps no one in the world of commodity trading has more lore attached to him than the legendary Richard Dennis, the founder, along with William Eckhardt, of the original Turtles and the system they established. Dennis's stunningly successful involvement with mechanical systems came about when he realized that whatever worked for him in his trading could be reduced to and defined as a trading rule.- excerpted below ... www.traders.com/Documentation/FEEDbk_docs/Archive/042005/Abstracts_new/Interview/interview.html
============ May want to study Schwager much more; and narrow your askjeeves.com search to ''turtle traders'', not just turtles. Michael , something else to help your discretion; true ,as my banker dad said , many business men are ''crooks'', but when you do find somebody honest like Schwager whose job included director of research, study him much. And even when you & discretion do find out the truth, people still make mistakes; even as helpful as Rich Dennis ,Curtis Faith [inflector]was/is !!!!!, never believed Rich's old interview negative comments on lack of trends in stocks. Especially since had seen/traded too many stock trends to worry about it.
Turtles are hundred years old - no pun intended but some turtles do live a long life.... The whole concept started in the seventies (30+ years ago) with Rich Dennis. Turtle trading is more of a portfolio and money management system rather than a system to pick buyers and sellers (longs or shorts) Further it takes at least $250,000 account to implement any turtle style for a mini futures account so it is not for your casual daytrader who usually does not have a pot to piss in. I hope this helps.
Original Turtle System 1997: 127.2% 1998: 55.7% 1999: -43.3% 2000: 83.2% 2001: 27.2% 2002: 12.6% 2003: -5.6% 2004: -55.9% 2005: -24.3% Dual Moving Average (300, 50) 1997: 59.4% 1998: 173.7% 1999: 81.2% 2000: 257.0% 2001: 128.9% 2002: 38.8% 2003: 126.6% 2004: 38.3% 2005: 24.9%
checkout this scam site.... www.market-millions.com Although it's one of the cheaper ones out there it seems.