Turtle Trading... Thoughts?

[HATEtheRisk]

Quote from cfree5119:

Wanted to get everyone's take on the turtle trading system and their successes or failures under this given strategy? I am at a point where I am confused as to what type of strategy I would like to pursue at this point of my trading education.

Acutally i have backtested one of their systems.

BUT.....

just so, alone how it was, it was horrible for me.....

So i fixed the bugs........

And what did i have in the end, just exactly one of my old strategies i am trading very successfully for a long time...

So, i decided i dont need that Turtle Idea ???
Because it just comes down to what i already know !!!

In other words, i would not have traded every turtle trade, i brought it down, to the more conservative scenarios, where the most odds are on my side and boom---------- i just had my old strategy.....

Was interesting and a waste of time.....

 

[HATEtheRisk]

Quote from goodgoing:

99% of backtests look good. It's like the women in a dark bar Saturday early morning. They all look good to you after having 5 or 6 drinks.

LOL

Not, if you are know what you are doing.

You must know how to backtest correct, that is a lot of work, not just a quick view over the charts, you must go into each detail of the detail and detail.
thats not so easy.....

So long it looks good, it is wrong.

It must not look, it must BE perfect, backtested, then it makes future profits.

 

[On.Target]

Quote from Trend Following:

I would not trust anyone in here (including me). Go put rules, Turtle or whatever trend following system, into code and test them. See the nuances. Clearly, trend following has not stopped working, and yes basic robust systems still work, but the real success keys start with portfolio selection and money management. Then the system.

Interesting comment seeing that you've slammed others on this site for identical sentiments. In fact the verbiage is nearly identical.

 

[TimtheEnchanter]

...oh, no that was different. You are talking to the MAN, the turtle trading expert, who laboriously interviewed the some of the turtles, well except their teachers and bankroller Richard Dennis himself.....he can say this, others cannot. The other posts came from traders, Michael is not a trader, he is a professional "expert".

Quote from On.Target:

Interesting comment seeing that you've slammed others on this site for identical sentiments. In fact the verbiage is nearly identical.

 

[TimtheEnchanter]

in my personal experience reading free literature or books in the library is not enough. One should buy an expensive course to find out about turtle trading......

Quote from cfree5119:

Wanted to get everyone's take on the turtle trading system and their successes or failures under this given strategy? I am at a point where I am confused as to what type of strategy I would like to pursue at this point of my trading education.

 

[PilgrimFrank57]

I would not trust anyone in here (including me). Go put rules, Turtle or whatever trend following system, into code and test them. See the nuances. Clearly, trend following has not stopped working, and yes basic robust systems still work, but the real success keys start with portfolio selection and money management. Then the system.

Hello Mr. Covel,

Can you clarify whether there is an error in The Complete Turtle Trader book as shown in my attachment? Thank you.

 

[drm7]

Hello Mr. Covel,

Can you clarify whether there is an error in The Complete Turtle Trader book as shown in my attachment? Thank you.
View attachment 169415

The excerpt is correct, although not clearly written. Corn contracts are 5000 bushels, so $0.07 x 5000 = $350. Said another way, every 1 cent = $50 of value. 7 cents x $50 = $350.

 

[PilgrimFrank57]

Thanks!