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Yes, I am familiar with it. I bought the Turtle manual several years ago
and at the time thought it was a complete waste of money. It was so poorly
written grammatically as well as technically that it was virtually impossible to
understand what they were writing. The explanations were atrocious as were the
examples given. Then, more recently, they revised it completely. Now it is
substantially more understandable, and the examples are more lucid and make
sense. So, would I recommend buying it? If you are committed to long term trend
following, which I am, I think I would recommend it. A big negative is the
technical support, which is a major disappointment. When you write in and
ask a question, if you get more than a 3-word answer, consider yourself lucky.
In fact, the support downright sucks. The most important part of trading like a
Turtle is money management. Even the master trader himself, Richard Dennis,the
co-founder of the Turtles, says that the entry and exit are not that important;
it's the money management that makes you money (although you still have to have
a positive expectancy system, which is determined by the entries and exits). In
fact, the actual entry and exit are quite simple: it's simply a channel breakout
system where you buy the highest high over the last n days and exit at the
lowest low over the last m days (there are other exits, too, such as a hard2ATR
stoploss at trade initiation). Same for shorting. You can optimize n and m if
you like. That part is no secret. The critical part is the money managementand
pyramiding scheme. That's what separates the Turtles from the rest of traders.
Turtles never risk more that 2% of total equity on any one trade. That's a very
important feature of the Turtle system, and as far as I'm concernd, of any
system.
Hope this discussion helps. Good luck with your decision.
Al Venosa
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
dingo
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 10, 2002 2:55
PM
Subject: RE: [amibroker] Turtle trading
with AB?
<FONT face=Arial color=#0000ff
size=2>Check the archives for the following dates:
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>2002/09/19
<FONT face=Arial color=#0000ff
size=2>
<FONT
size=2>2002/06/23 thru 2002/06/<SPAN
class=051454918-10102002>30
<FONT face=Arial color=#0000ff
size=2>2002/06/04 thru 2002/06/06
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>2002/02/10 thru 2002/02/15
<FONT face=Arial color=#0000ff
size=2>
<SPAN
class=051454918-10102002>2002/01/13 thru
2002/01/14
<SPAN
class=051454918-10102002><FONT
face=Tahoma><FONT face=Arial
color=#0000ff>
<SPAN
class=051454918-10102002>It seems like Al Venosa is familiar with
it..??
<SPAN
class=051454918-10102002>
<SPAN
class=051454918-10102002>dingo
<SPAN
class=051454918-10102002>
<SPAN
class=051454918-10102002>
<SPAN
class=051454918-10102002> -----Original
Message-----From: <A
href="">funnybiz@xxxx [mailto:funnybiz@xxxxxx]
Sent: Thursday, October 10, 2002 12:09 PMTo:
amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Turtle trading with
AB?
Dear fellow users,
has anybody had some experience trading the
"turtle way"?
Besides, has someone ordered material from <A
href="">www.turtletrader.com or Russell Sands
and is satisfied with it (regarding the scope of material and/or the trading
results so far??????
Any comment is highly
appreciated!!!!
Thanks
MarkusPost
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