Question about Turtle Trading -

Hi Scott
I have another question. This relates to the 20 day exit. Say I entered the first position on 01 Dec and then the second position on 04 Dec - is the 20 working day Exit calculated from the first position being 01 Dec or the second position being 04 Dec if one is trading the 55 day entry and 20 day exit method?

Thanks
Shelton
 
shazam75 said:
Hi Scott
I have another question. This relates to the 20 day exit. Say I entered the first position on 01 Dec and then the second position on 04 Dec - is the 20 working day Exit calculated from the first position being 01 Dec or the second position being 04 Dec if one is trading the 55 day entry and 20 day exit method?

Thanks
Shelton
More...

Hi Shelton,

The 20 day exit is a trailing stop, so it will rise with the market in a bull market and fall with the market in a bear market. While the actual 20 day high or low may be different on the days you enter the new position, once both positions are entered, it will be the same.

For example, if you entered a new long position on December 1st, what is the lowest price of the previous 20 days? You simply count back 20 trading days and find that low price. When you entered the position on the 4th, that trailing stop may now be different than it was on the 1st, but it will be the same stop for both positions.

Scott
 
Thanks Scott - yep the trailing stop will be different for the second position entered on the 4th compared to the one entered on the 1st Dec and both positions will be existed going back 20 days from the 4th.

Cheers
Shelton
 
nursebee said:
My answer---don't do anything you have to ask questions about.
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Agreed...it's a good idea to test, test and test. At the same time, I believe learning the entire turtle system provides a good foundation for anyone who wants to trade futures, due to the concepts behind the system.
 
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