Revamp: Turtle Trading System

Website: https://traderslanding.net
In December of 1983 Richard Dennis and William Eckhardt set out to prove if traders are made or born. They placed an advertisement in the Wall Street Journal and selected 14 people off the street to go through a 2 week training course on Dennis’ trading system. Dennis then funded these traders using his own personal funds to trade his system on the commodities market. These new traders were called Turtles and they had a very successful year of trading, gaining a combined 80% over the course of a year.

I tested the original system as described and documented. However the system used in the 80’s does not translate to modern Forex or Crypto trading. So I modified the system and created the Modern Turtle System which I tested 100 times and proved profitable.

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Trader’s Landing is a trading system review and education channel. By testing indicator-based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.

If you are looking for trading systems to test out on your own here is a playlist of systems that I like: https://bit.ly/SystemsILike

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/
📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/
📊 Link to all indicators tested on the channel: https://traderslanding.net/indicators/
🏠 System Web page: https://traderslanding.net/2021/08/18/27/

See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.

⏱️ Timestamps
00:00 - Start
00:48 - Indicators
01:41 - Long Examples
02:26 - Short Examples
03:15 - Test
03:23 - Testing Results & Equity Curve
04:00 - Trader’s Landing Score
04:13 - Optimization

System Specifics

🎹 Instrument: Euro vs. US Dollar (EUR/USD)

⌛ Time Frame: Daily (D1)

👀 Indicators
Name: Donchian Channels (DC)
Settings: Length = 34
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502253-donchian-channels-dc/

Name: Donchian Channels (DC)
Settings: Length = 8
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000502253-donchian-channels-dc/

Name: Exponential Moving Average (EMA)
Settings: Lenght = 200
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/

Name: ATR Bands
Settings: ATR Upper = 2, ATR Lower = 2
By: AlexanderTeaH
Link: https://www.tradingview.com/script/uTetNB3s-ATR-Bands/

☝️ Long Entry
1. Price above the 200 EMA.
2. Price touches the upper 34 length DC band.
3. Enter on the close of the candle that touches the upper 34 length.

👇 Short Entry
1. Price below the 200 EMA.
2. Price touches the lower 24 length DC band.
3. Enter on the close of the candle that touches the lower 34 length.

🔥 Risk to Reward: Variable

🛑 Where to place stop-loss
For Longs: Lower ATR band (2 X ATR) below entry candle.
For Shorts: Upper ATR band (2 X ATR) above entry candle.

🚀 Where to take profits
For Longs: When price touches the lower DC band - 8 length and trade is in profit.
For Shorts: When price touches the upper DC band - 8 length and trade is in profit.

Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R

Metatags
#StrategyReview #TradingStrategy #TurtleTradingSystem

For more general information:
https://www.investopedia.com/articles/trading/08/turtle-trading.asp
For more information detailing the Turtle experiment:
https://analyzingalpha.com/assets/docs/posts/2020-08-07-original-turtle-rules.pdf

Disclaimer
This content references opinion and is for information purposes only. Not intended to be investment advice. Seek a licensed professional for investment advice.