This is how it worked: Curtis was one of the original turtles and this book tells the story of what happened. The same kind of wisdom we can use in the forex markets. This got me thinking. Now, I have to say, the rules mention advanced position sizing. I also implemented the simpler system 2, which uses a long term channel breakout strategy using the day price high and low. Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed.
Ignore it at your peril. The original Turtles traded futures so obviously we will not be doing that and test it out on one of the currency pairs. These are the admittedly, simplified rules:.
Rather, this was an exercise in building a simple expert advisor based on the foundation of the turtle trader rules. Trade with an edge, manage risk, be consistent, and keep it simple. The entire Turtle training, and indeed the basis of all successful trading, can be summed up in these four core principles.
I'm a full-time, independent forex trader. I've been trading for over 10 years and specialize in price action trading, reversal trading, trading psychology and algorithmic trading. If you're determined to become a pro trader, I offer select consulting and coaching services. When I'm not trading, I'll either be travelling the world or rock climbing likely both. Read my story here. A very interesting topic.
I wrote three articles myself on this subject. If you can read them here: Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
I set out to build the turtle traders expert advisor. These are the admittedly, simplified rules: People are responsible for any losses that may incur if traded live. The result is below: Have you tested this EA yourself? Let me know in the comments below! You might also like this: Felix I'm a full-time, independent forex trader. Is it possible to make sustainable profits trading forex?
Forex sites ofMore...