OPEN-SOURCE SCRIPT
Turtle System 1
Turtle Trader system is a famous trend-following trading methodology created by Richard Dennis and his partner William Eckhardt in the early 1980s.
The backstory is almost as interesting as the system itself:
Dennis believed trading success was a skill that could be taught, while Eckhardt thought it was more about innate talent.
To settle the debate, they recruited a group of ordinary people — with little to no trading experience — and trained them in a simple rules-based strategy. These students became known as the "Turtles".
The system focused on trading breakouts in futures markets (commodities, currencies, bonds, stock indices) with strict risk management.
System 1 (Short-Term)
Entry: Buy when price breaks above the 20-day high. Sell short when price breaks below the 20-day low.
Exit: Opposite 10-day breakout (i.e., sell long positions if price breaks below the 10-day low).
The backstory is almost as interesting as the system itself:
Dennis believed trading success was a skill that could be taught, while Eckhardt thought it was more about innate talent.
To settle the debate, they recruited a group of ordinary people — with little to no trading experience — and trained them in a simple rules-based strategy. These students became known as the "Turtles".
The system focused on trading breakouts in futures markets (commodities, currencies, bonds, stock indices) with strict risk management.
System 1 (Short-Term)
Entry: Buy when price breaks above the 20-day high. Sell short when price breaks below the 20-day low.
Exit: Opposite 10-day breakout (i.e., sell long positions if price breaks below the 10-day low).
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.