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Turtle Trading System on TOS


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Turtle Trading System on TOS

  #1 (permalink)
Kansas City MO
 
Experience: Intermediate
Platform: Thinkorswim
Trading: Stocks
 
Posts: 35 since Oct 2012
Thanks: 262 given, 17 received

Turtle Trading System on TOS

Has anyone used the Turtle Trading system from ThinkScripter | thinkScript Indicators for thinkorswim.

He has some really great indicators. I am in the early stages of following a Trutle Method Strategy. I am currently trading it on Daily charts and 5 min charts.


It is hard to wait for a 10 period low to exit a winning trade, and see alot of the profits go away. Does anyone have any thoughts on this system and its use?

I would be interested to see how the turtles scanned for or chose stocks.

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  #2 (permalink)
Dubai, UAE
 
Experience: Intermediate
Platform: TOS, TradeStation
Broker: OX, TradeStation
Trading: Stocks & Basic Options
 
RedK's Avatar
 
Posts: 171 since May 2012
Thanks: 44 given, 141 received

on the scanning, i don't think the original group scanned for anything.. they traded only futures contracts on a pre-decided list of commodities (main criteria was liquidity), and they watched them for the entry signals..

that's what i understood from reading the white paprer "The Original Turtle trading Rules" ..

hope that helps,
RedK

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  #3 (permalink)
Torino Italy
 
 
Posts: 1 since Nov 2012
Thanks: 0 given, 1 received


Just for info. If you want to try the turtle trading system there is a free server at ts.inrim.it .

Cheers

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  #4 (permalink)
Kansas City MO
 
Experience: Intermediate
Platform: Thinkorswim
Trading: Stocks
 
Posts: 35 since Oct 2012
Thanks: 262 given, 17 received

Turtle System has been successful over the last week. Its still hard to wait for a 10 period low to stop out but it has paid off. All my backtesting has proven that the method would be profitable on the group of stocks I have checked so far (which is only 10 stocks back 20 trading days).

good so far though
fw

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  #5 (permalink)
Kansas City MO
 
Experience: Intermediate
Platform: Thinkorswim
Trading: Stocks
 
Posts: 35 since Oct 2012
Thanks: 262 given, 17 received

Update

I started off trying to day trade this system with really mixed results. So after a month I started swing trading it and so far so good.

Ihave been using the thinkscripter turtle system for 2 weeks now and I have some great success using it on a daily chart basis. I'm currently on 3 stocks that are pretty hot czr, gmcr, and nflx. I'm also into another 9 that are hanging around even give or take a little. I've only been stopped out of one stock as a loser (msft).

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  #6 (permalink)
NY
 
 
Posts: 5 since Feb 2011
Thanks: 0 given, 0 received

Trading

How is the method working now for you?

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  #7 (permalink)
Kansas City MO
 
Experience: Intermediate
Platform: Thinkorswim
Trading: Stocks
 
Posts: 35 since Oct 2012
Thanks: 262 given, 17 received

Going great

I am constantly in and out of 30 stocks or so. I went from down 10% in all my day trading efforts to up 10% with this method. I love it and follow the rules strictly. I learn something new every week.

I am currently long 27 stocks with open profits of about 7%. And short 3 stocks. I pay zero attention to the news, reports of any kind or any fundamentals of the companies and trade purely on price.


Last edited by Fourwedge; March 24th, 2013 at 08:45 PM. Reason: Added info
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  #8 (permalink)
Buenos Aires
 
 
Posts: 11 since Apr 2014
Thanks: 2 given, 3 received

Hello, I'm currently studying this system.

I know this post has a year old, but if you read this ... did you finally used the Thinkscript indicator or you just follow Turtle rules?

How did it worked for you over the last year?

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  #9 (permalink)
Chicago
 
 
Posts: 5 since Dec 2013
Thanks: 0 given, 0 received

I was learning this method recently also and was trying to implement it on TOS platform.
I found out that TOS named the Donchian channel as Price Channel with their platform.
You should see it under 'Studies" section.

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