Turtle Trading System??

I don't think the turtle system is the best system. I think it's the best system sold to the public. I have a short term system to trade S&P's that makes a Avg. Win/Loss Ratio of 5.5:1 and a Pfactor of 3.38. I also have long-term systems with Pfactor of over 3.00 for every market that would perform better than the Turtle. I think the turtle system works but I also trade systems that outperform the turtle.

Trend456

Good Luck!!!

 

one of turtles system coded for TC

{ Turtle Trading System
Strategy is used as a simple flag
0 = Trade on close
1 = Trade next open
2 = Trade intraday
The exit signal is, instead, a classic intraday breakout
Riccardo Ronco, 1999, London
rrb3@btinternet.com }

Input: Entry_L(20), Exit_L(10), Strategy(1);

If CurrentBar > 1 then begin

If Strategy = 0 then begin
If Close > Highest(High,Entry_L)[1] Then Buy on Close;
If Close < Lowest(Low,Entry_L)[1] Then Sell on Close;
end;

If Strategy = 1 then begin
If Close > Highest(High,Entry_L)[1] Then Buy at market;
If Close < Lowest(Low,Entry_L)[1] Then Sell at market;
end;

If Strategy = 2 then begin
Buy Highest(High,Entry_L) + 1 point stop;
Sell Lowest(Low,Entry_L) -1 point stop;
end;

{ now let's manage the exit... }
If marketposition = 1 then ExitLong Lowest(Low, Exit_L) -1 point stop;
if marketposition = -1 then ExitShort Highest(High, Exit_L) + 1 point stop;

end;

hope it helps

 

LOL, where did you get that from, no wonder most of you feel the system is inferior.

 

bigscalper, are you sworn to secrecy?

 

from some site))))))))))
i don't even know, what it all about, just browsing and remember this topic about turtles)))))))))))

 

if you want a hint, the turtle system can't (can not) be successfully backtested in TS.

if any you guys want some more indepth info, PM me

 

Hey Bigscalper,

I agree with you saying that it can't be tested. Most of them test it and don't recognize that there's a lot of judgemental or materials in the system that just can't be tested. I think most of them think it's a computerized system. I think the computer just does some job but not all of it. Computer just speeds up the decision making process.

trend456

 

so you do understand

Alot of the turtle system involves the way you pyramid into a winning trade. Hard to backtest that effectively

 

Bob,

Where did you find that info on the Turtle system? Playboy?
I will get back to you and Mr. Bigscalper. The only one who seems to know what they are talking about re: the turtle system is Trend 456. Bigscalper, slow down, you have proven to me that you know very little about the turtle system. You haven't even answered my questions! For ex., How long have you used the Turtle system and HOW DO YOU KNOW THE efficacy of it?

 

I already knew this in the past but that's the thing most people don't understand. I actuallly remember Van tharpe saying that he doesn't recommend the method because it's not purely systematic.

I'm surprised to see somebody bringing this point because nobody did in the past. diversification and liquidation also tends to be judgemental, too.

trend456