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But, Thomas, you don't trade with 1% equity. You RISK 1% of current equity
(the Turtles risk 2%) on each trade, at least initially. Risk is defined as the
amount of money you are willing to lose on any given trade, not the amount of
money invested in the trade. Big difference. So, the AB code is:
PositionSize = -1*BuyPrice/(2*ATR(15));
The Turtles risk 2%, so you would substitute -2 for -1 in the above
example. As they add on positions, each unit they add is another 2%, but the
risk for the first unit is decreased by half a unit, and so on. Money management
is the key, not the actual entry and exit system.
Al
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=tchan95014@xxxxxxxxx
href="">tchan95014
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, April 15, 2003 9:07
PM
Subject: [amibroker] Re: Free original
turtle trading rules
Hi, Al,As you can see from the manual,
the secret of their success is not the system itself but the position
sizing on the portfolio level. Trade with 1% equity requires a large
account for position sizing to be
effective.Thomas--- In <A
href="">amibroker@xxxxxxxxxxxxxxx, "Al
Venosa" <advenosa@x...>
wrote:> Hi, Thomas:> > Funny you
should post this. I was just about to do it myself. I found out about the
Curtis Faith site today before you posted it here and downloaded the rules
he publishes for free. It's just as described in the Turtletrader.com site
that you have to pay $999 for. So, now you don't have to pay anything for
it. The basic breakout system is fairly easily coded in Amibroker except
for the pyramiding. When TJ comes out with that capability, then you won't
even need the Veritrader software for $1995. I was amused by Faith's
belittling of the one-man show at Turtletrader.com. I have to agree that
the support you get at that site pales in comparison to what TJ offers
here. If you get more than a 3-word answer from them, consider yourself
lucky. > > Al Venosa>
> ----- Original Message -----
> From: tchan95014 > To:
amibroker@xxxxxxxxxxxxxxx > Sent: Tuesday, April
15, 2003 6:19 PM> Subject: [amibroker] Free
original turtle trading rules> >
> It has been available for a while, since no one
posted it, here it > goes:>
> > >
> <A
href="">http://www.turtletradingsoftware.com/
and> > > <A
href="">http://www.originalturtles.org/system.htm>
> > >
> TJ might benefit from the details of the system
as AB evolves.> > >
> > >
> Thomas> >
>
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> Send BUG REPORTS to
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