Real Turtle — Strategy by DashTrader
By DashTrader
Performance Metrics
- Author: DashTrader
- Symbol: COINBASE:BTCUSD
- Timeframe: 4 hours
- Net P&L: +9,708,824.23 USD (+9,662.33%)
- Win Rate: 43.7%
- Profit Factor: 2.425
- Max Drawdown: 1,114,696.67 USD (19.38%)
- Total Trades: 300
- Sharpe Ratio: 0.716
Description
There are a few different attempts at the turtle strategy on here, but none that I have seen thus far correctly follow the strategy as I know it. This version uses a stop order to trail out of the position by moving the stop order to match the exit channel or stoploss as the N*2( ema of True Range * 2). This version of turtle strategy also uses stop orders for entry on either side in order to enter at optimal time. The ability to specify a backtest period was borrowed from another script, I grabbed it so long ago I no longer remember from whom i borrowed it, if it was yours I will credit you if you PM me. This version unlike others also allows you to specify a risk % so you only risk that percentage of your equity in a trade, as calculated from your stoploss. Disclaimer: I have published several scripts in the past when i was first learning pinescript and they are all horrible please ignore those. I would delete them, but TV doesn't allow you to delete.