Turtle Trading with momentum
Turtle Channel Trading
Turtle Channel with slow SMA and Stochastic
Submit by Aurora
The Turtle Trading strategy is a famous trading system based on two donchian channels successfully applied with a daily time frame on futures, commodities and treasury bonds. There is a large bibliography about it. I present a trend following, non-breakout variant that can also be applied to lower time frames. Also in this case the strategy proved to be very profitable.
Setup Strategy
Time Frame 15 min or higher.
Currency pairs:any.
Metatrader 4 indicators
Turtle Channel Method (50-20)
Turtle Channel Method (50-16)
Other platform as TradingView Ninja Trader or MT5
Donchian Channels 20 period, close.
Donchian Channels 55 period, close.Simple moving average 200 periods, close.
Oscillator Stochastic (21,8, 5), close.
Simple moving average 200 periods, close.
Oscillator Stochastic (21,8, 5), close.
Time Frame 30 min 60 min, 240 min Stochastic Oscillator
Oscillator Stochastic (14,3, 3), close.
Trading Rules The Turtle Trading with Momentum.
Trades only in the direction of the trend.
Trend up if the price is above 200 simple moving average.
Trend down if the price is below 200 simple moving average.
Buy
Trend upward.
When the price retraces on the lower channels the stochastic crosses upward. (This is the timing).
Sell
Trend downward.
When the price retraces on the upper channels the stochastic crosses downward. (This is the timing).
Exit position
Place Initial stop loss below/above the Donchian Channels 55 periods.
Profit Target minimum ratio stop loss 1:1.
In the pictures Turtle Trading with momentum
