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My recollection is that the Turtles use a Donchian breakout
system, where the upper channel line is drawn at the highest
high of 20-60 bars ago, and the lower channel line is the
lowest low of 20-60 bars ago. I don't recall how they exit
their trades. They apply the system to a large basket of
non-correlated futures to even out the equity curve.
For a system like this you would get large drawdowns, so
money management would be critical. The entry system is
a valid one, but you'd need a good exit, a large account to
properly diversify and, in my opinion, nerves of steel.
----- Original Message -----
From: "Sean Taylor" <cloudnine@xxxxxxxxxxxx>
To: "Metastock List" <metastock@xxxxxxxxxxxxx>
Sent: Thursday, August 23, 2001 7:39 PM
Subject: Turtle Trader System
> Has anybody out there tried the Turtle Trader system?
> From what I've heard/read, it has it's foundations in money management.
>
> I'd be grateful for any information (especially from someone who uses it),
>
> Thanks,
> Sean
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