One of the most famous strategy in the history of trading, #Turtle strategy have numerous legends, one of them is using Donchian Price Channels with 55 period for entries and 20 period for exits.
Can be used with any time frame Added alerts I added re-entries and re-exits for more scalps or for laddering trading. Also you can modify parameters for entries and exits for your market needs.
++Fixed Take Profit ++Fixed Stop Loss ++Trailing Stop Trigger (trailing stop will start after this threshold is reached) ++Trailing Stop Loss
Phát hành các Ghi chú
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++Alerts
Phát hành các Ghi chú
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* Redone the formula for all points (entries, exits, original exit formula, tp, sl tsl) * Added PnL on each entry and exit points (ex.: below each point you have PnL gained from previous entry point) * Added slippage (%) in settings for PnL (be aware, slippage is strictly for PnL, so if you have 1% profit and slippage is 10%, the final profit will be 0.9%) * Alerts for every entry/exit point
How to trade: Analyze the market, adjust the settings according to market condition! 1. Enter when new high of low is formed and price breaks the channel 2. Re-enter for pyramiding (high risk) 3. Exit: - when price breaks smaller channel (original formula) - when price reach fixed TP or SL - when trailing stop is reached - when price reverse 4. Calculate profit/loss after each exit(each PnL is from the last entry point until the current exit - from last long until current tp, from last long until current sl, from last long until current tsl, from last long until exit point, from last long until current short)
I haven't studied it well enough but i like what i see already. Thanks Zekis for this one
Akin_S
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Thanks for sharing this study, I was looking to change trailing stop formulation with ATR based one instead of % but no luck. It's protected script :/
Marzipug
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This is great thank you for sharing. Just wanted to ask, what do the yellow crosses mean? And there are also a couple other symbols without a label in the indicator settings.
saeed2stone
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Hi, Thanks for sharing nice this indicator.
ashley666
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Hi @zekis, Love this script! Is there anyway I can live trade with this strategy? Would it possible you could make a MT4 EA exactly like this one? People will pay for it. :)
dilace
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very nice!
DTCash
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This is amazing work mate! Thanks a lot for your contribution. Is there anychance you could convert from study to strategy script for backtesting?
edward_Z
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@DTCash, Hi there, I'm not a big fan of this kind of backtesting