Turtle System 1 — Strategy by KobeChan1
By KobeChan1
Performance Metrics
- Author: KobeChan1
- Symbol: NASDAQ:RGTI
- Timeframe: 1 day
- Net P&L: +467,251.66 USD (+467.25%)
- Win Rate: 40.7%
- Profit Factor: 4.586
- Max Drawdown: 55,403.83 USD (48.39%)
- Total Trades: 91
Description
Turtle Trader system is a famous trend-following trading methodology created by Richard Dennis and his partner William Eckhardt in the early 1980s.The backstory is almost as interesting as the system itself:Dennis believed trading success was a skill that could be taught, while Eckhardt thought it was more about innate talent.To settle the debate, they recruited a group of ordinary people — with little to no trading experience — and trained them in a simple rules-based strategy. These students became known as the "Turtles".The system focused on trading breakouts in futures markets (commodities, currencies, bonds, stock indices) with strict risk management.System 1 (Short-Term)Entry: Buy when price breaks above the 20-day high. Sell short when price breaks below the 20-day low.Exit: Opposite 10-day breakout (i.e., sell long positions if price breaks below the 10-day low).