I have long been interested to learn the trading method, but have not managed to, until recently, when I attended C K Ee's workshop. In short this is what it is about:
It is a trend-following system based on:
System 1: Long on 20-day high
Exit on 10- day low
or vice-versa
System 2: Long on 55-day high
Exit on 20-day low
or vice-versa
Initial stop-loss at 2 x ATR
Limitations of the Turtle trading include 1. Whipsaw losses
and 2. Slow and insensitive
However, in the long run, the expected return is positive (about 4%). Therefore, it is a system that is worth applying, especially with penny stocks.
No comments:
Post a Comment