Turtle Trend Trading System AZT
Strategy Premise
It is a trend following breakout strategy which takes a trade whenever there is a breakout in the nth period range. As a default, if the candle closes above/below the high/low of previous 55 candles, a trade entry signal is generated. The position is exited, whenever the candle closes below/above the low/high of the past 20 candles.
Strategy Logic
Long Entry: Send LE when candle breaks previous nth period high
Long Exit: : Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period low, LX and SE is sent
Short Entry: Send SE when candle breaks previous nth period low
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period high, SX and LE is sent
Turtle Trend Trading System for TradingView Charts
Entry Length: Number of bars to lookback to for a high
Exit Length: Number of bars to lookback to for a low
Trade Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in the message box.
Important: do not change any settings during live trading.
It is a trend following breakout strategy which takes a trade whenever there is a breakout in the nth period range. As a default, if the candle closes above/below the high/low of previous 55 candles, a trade entry signal is generated. The position is exited, whenever the candle closes below/above the low/high of the past 20 candles.
Strategy Logic
Long Entry: Send LE when candle breaks previous nth period high
Long Exit: : Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period low, LX and SE is sent
Short Entry: Send SE when candle breaks previous nth period low
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period high, SX and LE is sent
Turtle Trend Trading System for TradingView Charts
Entry Length: Number of bars to lookback to for a high
Exit Length: Number of bars to lookback to for a low
Trade Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in the message box.
Important: do not change any settings during live trading.