Any Turtles here?
What are your recent experiences of the Turtle trading systems?
I just finished reading the Turtle book and got a few questions unanswered by the Michael Covel book:
1. Did the Turtles do their calculation based on continuous contracts or individual contracts? Because they were trading futures, there are basically two possibilities: (1) individual contracts, or the continuous contracts which are constructed by stitching the individual contracts together.
2. When Turtles entered the markets, did they enter at market open or market close/settle or intraday, all in the next day? When they stopped out, they stopped out at market open or market close/settle or intraday, all on the same day or the next day?
3. In the book, it was mentioned that every time when their equity drop by 10%, their reduce their risk by 20%. But it didn't mention when would they restore the risk to the original risk level?
Any Turtles please shed some lights?
Thank you!
What are your recent experiences of the Turtle trading systems?
I just finished reading the Turtle book and got a few questions unanswered by the Michael Covel book:
1. Did the Turtles do their calculation based on continuous contracts or individual contracts? Because they were trading futures, there are basically two possibilities: (1) individual contracts, or the continuous contracts which are constructed by stitching the individual contracts together.
2. When Turtles entered the markets, did they enter at market open or market close/settle or intraday, all in the next day? When they stopped out, they stopped out at market open or market close/settle or intraday, all on the same day or the next day?
3. In the book, it was mentioned that every time when their equity drop by 10%, their reduce their risk by 20%. But it didn't mention when would they restore the risk to the original risk level?
Any Turtles please shed some lights?
Thank you!
