Turtle Trading Strategy with ATR Stop + Pyramiding by Snorkle1990
By Snorkle1990
Performance Metrics
- Author: Snorkle1990
- Symbol: ASX:LDX
- Timeframe: 1 week
- Net P&L: +432.09 AUD (+0.43%)
- Win Rate: 50.0%
- Profit Factor: 1.06
- Max Drawdown: 7,143.65 AUD (6.64%)
- Total Trades: 2
Description
This indicator uses a Turtle-style breakout system with pyramiding. Long entries occur when price breaks above the highest high of the entry lookback period while above the long-term moving average. Additional positions are added every 0.5 ATR as price continues higher, up to a maximum number of entries. Exits occur when price breaks below the lowest low of the exit lookback period or falls below the ATR-based trailing stop. BUY labels are shown in green and SELL labels in red.Default SettingsEntry breakout: 20 barsExit breakout: 10 barsTrend MA: 200ATR length: 20ATR stop multiple: 2.0Pyramid add interval: 0.5 ATRMax pyramid entries: 4Position size per entry: 25% of equity