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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.
BITFINEX:XRPUSDLong
by HackneyCrypto
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.
BITFINEX:ETHUSDLong
by HackneyCrypto
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
BITFINEX:XRPUSDShort
by HackneyCrypto
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 ()
BITFINEX:IOTUSDShort
by HackneyCrypto
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 ()
BITFINEX:ETHUSDShort
by HackneyCrypto
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 ()
BITFINEX:BTCUSDShort
by HackneyCrypto
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"
BITFINEX:IOTUSDLong
by HackneyCrypto
What is the job of a trend-following trader?The chart is not going to tell anyone whether to go long or short. I cut deeper than that. This post is about what I see as the job of a trader, who wants to be consistently profitable over a long time using trend following strategies. The following therefore excludes systems that tend to have fixed targets, such as harmonic trading and exploiting levels of support and resistance. Trend-followers usually do not have fixed targets as they do not know how far a trend would go before changing. My job as a trend-following trader is to do the following: Estimate probability of direction of future price movement based on a sound system of analysis. Engage losses but make them controlled and reasonable within a sound methodology. Exploit probability of price movement in a favoured direction by trailing the trend. Have realistic expectations of gain in any single trade relative to the Average True Range (or other suitably reliable measure of volatility). For trading situations where the Average True Range is high, stop-losses need to be acceptable and broad. Sometimes 2 x Average True Range is used as a rule of thumb. However, human judgement has to prevail. On occasions some instruments have a pattern of spiking deeply down or up, and recovering. For those a stop-loss of 3 x Average True Range may be better to avoid being stopped out. If 3 x Average True Range or even 2 x Average True Range is unacceptable as a loss I do not enter the trade. Too often new traders are spiked out and left behind. Average True Range varies by time frame and naturally so does visual appreciation of volatility. Make volatility your friend - and treat her with respect. Develop ' nerves of steel '.
Education
by Captain_Walker