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Glen:
I am unable to download this file from this web site. Can you send me the
file privately?
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Sent: Friday, August 24, 2001 11:25 AM
Subject: Re: Turtle Trader System
> A free EasyLanguage Reference Guide can be found at
> http://www.tradestation2000i.com/support/guide/default.shtm
>
>
>
> ----- Original Message -----
> From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Friday, August 24, 2001 7:34 AM
> Subject: Re: Turtle Trader System
>
> > David:
> > Thanks for the information. "wavemechanic" posted a site page that shows
> > that it is a price channel very much like the Metastock price channel
> > indicator. However if someone could post a dictionary of the Easy
language
> > terms, I could have a stab at translating other indicators.
> > Lionel Issen
> > lissen@xxxxxxxxxxxxxx
> >
> >
> >
> > ----- Original Message -----
> > From: "David Jennings" <DavidJennings@xxxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Friday, August 24, 2001 2:36 AM
> > Subject: Re: Turtle Trader System
> >
> > > Lionel,
> > > I don't have the original reference, but read The Ultimate Trading
Guide,
> > > by Hill Pruitt et al of Futures Truth Fame, Here it is in Easy
Language,
> > > if you want to have a go at the translation.
> > >
> > >
> > > inputs: last(30), setlook(30), atrdays(10),
> > > highelt(30),lowelt(30),highelt2(30),lowelt2(30);
> > >
> > > vars: daysInTrade(0), lookBack(30), midLevel(0), longLiqPt(0),
> > > shortLiqPt(0)
> > > ;
> > >
> > > if(marketPosition = 1) then
> > > begin
> > > midLevel = entryPrice(0) - (highest(high,highelt) -
> > > lowest(low,lowelt))/2.0;
> > > end;
> > > if(marketPosition = -1) then
> > > begin
> > > midLevel = entryPrice(0) + (highest(high,highelt2) -
> > > lowest(low,lowelt2))/2.0;
> > > end;
> > >
> > > if(marketPosition <> 0 and barsSinceEntry > 0 and
> > > (Mod(barsSinceEntry,5) = 0)) Then
> > > begin
> > > lookBack = lookBack -2;
> > > lookBack = maxlist(lookBack,6);
> > > end;
> > > longLiqPt = maxlist(lowest(low,lookBack),midLevel);
> > > shortLiqPt = minlist(highest(high,lookBack),midLevel);
> > >
> > > if barsSinceEntry(0) = 0 and marketPosition <> 0 then
> > > begin
> > > longLiqPt = midLevel;
> > > shortLiqPt = midLevel;
> > >
> > > end;
> > >
> > > if(marketPosition = 1) then exitLong ("lxit") at longLiqPt stop;
> > > if(marketPosition = -1) then exitshort ("shtxit") at ShortLiqPt stop;
> > > buy ("D buy") Next Bar at Highest(high,last) stop;
> > > sell ("D sell") Next Bar at Lowest(low,Last) stop;
> > > ExitLong ("CDL") MaxTradeHigh - 3. * AvgTrueRange(atrdays) Stop;
> > >
> > > if(marketPosition = 0) then lookBack = setlook;
> > >
> > > I like to think it's fairly self explantory, but if you need help / an
> > > explanation shout. BTW I'm no Metastock wiz.
> > >
> > >
> > > ----- Original Message -----
> > > From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Friday, August 24, 2001 4:06 AM
> > > Subject: Re: Turtle Trader System
> > >
> > > > Where can I get some detailed information on the Donchian system?
The
> > > > only thing that I have seen about Donchian is that he did a study of
> > > > moving averages.
> > > > Lionel Issen
> > > > lissen@xxxxxxxxxxxxxx
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: "Glen Wallace" <gcwallace@xxxxxxxx>
> > > > To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
> > > > Sent: Thursday, August 23, 2001 8:28 PM
> > > > Subject: Re: Turtle Trader System
> > > >
> > > > > My recollection is that the Turtles use a Donchian breakout
> > > > > system, where the upper channel line is drawn at the highest
> > > > > high of 20-60 bars ago, and the lower channel line is the
> > > > > lowest low of 20-60 bars ago. I don't recall how they exit
> > > > > their trades. They apply the system to a large basket of
> > > > > non-correlated futures to even out the equity curve.
> > > > >
> > > > > For a system like this you would get large drawdowns, so
> > > > > money management would be critical. The entry system is
> > > > > a valid one, but you'd need a good exit, a large account to
> > > > > properly diversify and, in my opinion, nerves of steel.
> > > > >
> > > > >
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "Sean Taylor" <cloudnine@xxxxxxxxxxxx>
> > > > > To: "Metastock List" <metastock@xxxxxxxxxxxxx>
> > > > > Sent: Thursday, August 23, 2001 7:39 PM
> > > > > Subject: Turtle Trader System
> > > > >
> > > > > > Has anybody out there tried the Turtle Trader system?
> > > > > > From what I've heard/read, it has it's foundations in money
> > > > > > management.
> > > > > >
> > > > > > I'd be grateful for any information (especially from someone who
> > > > > > uses it),
> > > > > >
> > > > > > Thanks,
> > > > > > Sean
>
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