system are as follows: Markets: What to buy or sell; Position Sizing: How much to buy or sell; Entries: When to buy or sell; Stops: Where to get out of a losing position; Exits: when to get out. Hope that you like the strategies that we share. Greedy: Do not exit a trade unless it is in profit or the SL is hit. During times when I feel normal risk-aversion, I set 1 N as equal to 1 of my account equity. As always, the key to trading success lies in consistent discipline. And, during times when I feel more risk-averse than normal, or when my account is more drawn-down than normal, I set 1 N as equal.5 of my account equity.
In spite of the round-the-clock availability of e-mini trading, I only enter during the daytime trading session. If you like the strategies here, you will absolutely love our latest strategy. Go short a 20-day breakout and close the trade when price action reaches a 10-day high. Youll need to program your mechanical trading system to make sure you dont run out of money on stop-outs before hitting a home run. The stops are set at 2N since each N of price movement equals 1 of my account equity. Turtle trading was born from an experiment in the 1980s by two pioneering futures traders who were debating whether good traders were born with innate talent, or whether anyone could be trained to trade successfully. But, for turtle trading personal accounts I have found that my drawdowns are less when adhering to the rule of only trading if the previous breakout trade was or would have been a loser. That is, youll receive many signals to enter trades from which youll be quickly stopped out. I let my mechanical trading system make those decisions for.
Even when the volatility in a given market is lower, through successful turtle trading in that market youll still win big because youre holding more contracts of that less-volatile future. To do so, this indicator will only show a trend change when a bar actually closes above or below the current trendline -instead of just touching it like a normal stop-loss order would.