BTC/USD LONG Turtle S1 Breakout trigger (28-Aug-18)BTC has smashed through its 20 day high so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOT/USD Short Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below.
As for this trade:
P1 triggered as shown on the chart. P2 & P3 unit order in place.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 triggers then the SL will move and I will show this in an update to this trade.
Exit: 10 day low as shown. If the exit moves above the SL in subsequent days I will provide in an update to this trade.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOT/USD Long (Closed on 11-Jun-18), 2% Loss
2) XRP/USD Short (Closed on 03-July-18), 0.45% Loss
3) ETH/USD Short (Closed on 03-July-18) 1.15% Loss
4) IOT/USD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTC/USD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTC/USD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETH/USD Long (Closed on 31-July-18) 2% Loss
8) XRP/USD Long (17-July-18) 2.11% Loss
9) ETH/USD Short (01-Aug-18) ACTIVE
10) IOT/USD Short (03-Aug-18) 9.28% Gain
11) XRP/USD Short (06-Aug-18) ACTIVE
12) BTC/USD Short (08-Aug-18) 0.36% Gain
13) EUR/USD Short (10-Aug-18) 4.55% Loss
14) IOT/USD Long (28-Aug-18) ACTIVE
15) BTC/USD Long (28-Aug-18) ACTIVE <--- This Trade
Overall 2.61% Loss (will be positive overall once trades 9 & 11 close)
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
Turtletrader
BTCUSD Short Turtle S1 Breakout trigger (08-Aug-18)BTC has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below.
As for this trade:
P1 & P2 triggered as shown on the chart. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below)
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P2).
Exit: 10 day high as shown but this will not trigger since the SL is lower.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (this trade 08-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
EURUSD Short Turtle S1 Breakout trigger (10-Aug-18)The Euro has broken down below it's 90 day low which has triggered a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. The only difference with this trade to the others (which are all crypto pairs) is that I am entering on a 90 day high/low and exiting on a 8 day high/low. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below.
As for this trade:
P1 & P2 triggered as shown on the chart. P3 set but not yet triggered. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below)
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P2). Note that SL will move down for all trades if P3 is initiated.
Exit: 8 day high as shown but this will not trigger since the SL is lower. If we stay in the trade that Exit may move below the SL in future.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (08-Aug-18) ACTIVE
13) EURUSD Short (this trade 10-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
XRPUSD Short Turtle S1 Breakout trigger (06-Aug-18)XRP has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below.
As for this trade:
P1 triggered as shown on the chart. P2 & P3 unit orders placed.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 trigger then the SL will move and I will show this in an update to this trade.
Exit: 10 day low as shown. Notice that this will trigger before the SL unless the SL moves with subsequent positions.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (this trade - 06-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
IOTUSD Short Turtle S1 Breakout trigger (03-Aug-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade.
P1, P2 & P3 triggered at prices shown on chart.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of the final position, i.e. P3.
Exit: 10 day low (if SL not triggered)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD -0.42% Short (01-Aug-18) ACTIVE
10) IOTUSD Short (this trade - 03-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
ETHUSD Short Turtle S1 Breakout trigger (01-Aug-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade.
P1 triggered at prices shown on chart. P2, P3 & P4 set at Stop Orders at prices shown on chart.
Position Size: 1N per position
Stop Loss as shown. Note SL will move up if P2-P4 trigger (see future updates).
Exit: 10 day low (if SL not triggered)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (17-July-18) ACTIVE
7) ETHUSD Long (17-July-18) (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (this trade) ACTIVE
Overall 6.83% Loss
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BTCUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade.
P1, P2 & P3 all triggered at prices shown on chart.
Position Size: 1N per position
Stop Loss: $6524 (2N from P3)
Exit: 10 day low (if SL not triggered)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
Overall 0.21% Loss
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
XRPUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade.
P1 triggered at prices shown on chart. P2, P3 set as Stop Orders at prices shown on chart. Note: P4 not being set as total number of positions / units would be exceeded.
Position Size: 1N per position
Stop Loss: As Shown (2N from P1). Note SL will move up if P2-P4 trigger (see future updates).
Exit: 10 day low (if SL not triggered)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (17-July-18) ACTIVE
7) ETHUSD Long (17-July-18) ACTIVE
Overall 0.21% Loss
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
ETHUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD -0.29% Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade.
P1 triggered at prices shown on chart. P2, P3 & P4 set at Stop Orders at prices shown on chart.
Position Size: 1N per position
Stop Loss: $6524 (2N from P1). Note SL will move up if P2-P4 trigger (see future updates).
Exit: 10 day low (if SL not triggered)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (17-July-18) ACTIVE
Overall 0.21% Loss
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
XRPUSD Short Turtle S1 Breakout triggerClick on the following trade for details of the trading strategy used for this trade:
P1 (Position 1): 22-Jun-2018
Entry: 0.50286
Position Size: 1N
P2: 23-Jun-2018
Entry: 0.48066
Position Size: 1N
P3: 27-Jun-2018
Entry: 0.45638
Position Size: 1N
For all Positions..
Stop Loss: 0.5435 (2N from P3)
Exit: 0.5611
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades (links below).
"Luck is what happens when preparation meets opportunity"
History of trades for this Turtle S1 strategy:
1) IOTUSD 1.80% -4.32% (Closed on 11-Jun-18), 2% Loss ()
All other trades linked below are still open
IOTUSD Short Turtle S1 Breakout trigger (11-Jun-18)See the following trade for details of the trading strategy used for this trade:
P1 (Position 1):
Entry: 1.33
Stop Loss: 1.70 (2N)
Position Size: 1N
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
History of closed trades for this Turtle S1 strategy:
1) IOTUSD -3.75% (Closed on 11-Jun-18), 2% Loss ()
ETHUSD Short Turtle S1 Breakout triggerClick on the following trade for details of the trading strategy used for this trade:
P1 (Position 1): 12-Jun-2018
Entry: 492.52
Position Size: 1N
P2 (Position 2): 13-Jun-2018
Entry: 469.52
Position Size: 1N
Stop Loss (for all positions): 563.53 (2N from P2)
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades (links below).
"Luck is what happens when preparation meets opportunity"
History of trades for this Turtle S1 strategy:
1) IOTUSD -4.32% (Closed on 11-Jun-18), 2% Loss ()
BTCUSD Short Turtle S1 Breakout triggerSee the following trade for details of the trading strategy used for this trade:
P1 (Position 1):
Entry: 7040
Stop Loss: 7809 (2N)
Position Size: 1N
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
History of trades for this Turtle S1 strategy:
1) IOTUSD (Closed on 11-Jun-18), 2% Loss ()
IOTUSD Long Turtle S1 Breakout triggerI have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the Turtle Trading strategy 1 & 2 as described in www.goodreads.com
On all of the pairs I tested the Turtle Strategy 1 performed best. IOTUSD is first pair where a signal has triggered. I will be updating this trade as it progresses. I will also be linking to other related trades which you can follow once they trigger.
The Turtle Trading strategy is a systematic trend-following breakout trading system which works well in trending markets - its designed to catch the big trends! The strategy looses money over time when the market is ranging. Historically crypto markets have primarily been trending which makes the Turtle strategy a good fit over time.
In this trade I will follow these Turtle strategy principles:
Entry : Long (or Short) is placed when the price breaks above (or below for Shorts) the price for the previous 20 days.
Position Size : 1% of portfolio size adjusted to account for volatility of the market, known as 1N. More volatile markets have a wider Stop Loss (see below) but they also have smaller position size. This equalises risk across all entries and results in better diversification and more robust risk management. As the portfolio size increases or decreases so therefore will the subsequent position sizing.
Additional Positions : Purchased if price moves in the direction of the trade at 1/2N or 1/2% of portfolio size/risk. A maximum of 3 additional units, making for a total of 4 units will be purchased.
Stop Loss : Placed based on a calculation involving the Average True Range (ATR) for the previous 20 days where the Risk amounts to no more than 2% Portfolio size. i.e. Stop is placed at 2N. If additional units are purchased then each one has its own Stop Loss and each will be executed individually if and when they are reached.
Exit : No fixed exit target is set. Turtles do not agree with the old saying "You can never go broke taking a profit", instead they believe that taking a profit too early is one of the most common and damaging mistakes in trading trend-following systems. Instead an exit will be triggered when the trend has a 10-day low (or 10-day high for Shorts). Thus the Exit is not shown on this trade set-up. If additional positions have been purchased then ALL will be exited when the exit target is hit for the original position.
Maximum Positions : The Turtle strategy advocates a limit on the number of positions held across all traded pairs for uncorrelated and correlated markets. Since all crypto pairs are closely correlated (see: cointrading.ninja) I will be ignoring this rule and instead following the rule which states that a maximum of 12 long positions and 12 short positions can be held at the same time. It is noted that it is unlikely that 24 positions will be opened as the close correlation of crypto markets means that positions will either be long or short but not both at the same time.
Given the rules above the IOTUSD Long triggered yesterday when the price hit a 20 day high. My initial trade is as follows:
P1 (Position 1):
Entry: 1.7792
Stop Loss: 1.3758 (2N)
Position Size: 1N
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"