[Zekis]Turtle Trading Donchian Price Channels Strategy
One of the most famous strategy in the history of trading, #Turtle strategy have numerous legends, one of them is using Donchian Price Channels with 55 period for entries and 20 period for exits.
Can be used with any time frame
Added alerts
I added re-entries and re-exits for more scalps or for laddering trading.
Also you can modify parameters for entries and exits for your market needs.
Trade safe!
@edward_Z
Can be used with any time frame
Added alerts
I added re-entries and re-exits for more scalps or for laddering trading.
Also you can modify parameters for entries and exits for your market needs.
Trade safe!
@edward_Z
Release Notes:
++Fixed Take Profit
++Fixed Stop Loss
++Trailing Stop Trigger (trailing stop will start after this threshold is reached)
++Trailing Stop Loss
++Fixed Stop Loss
++Trailing Stop Trigger (trailing stop will start after this threshold is reached)
++Trailing Stop Loss
Release Notes:
++Alerts
Release Notes:
* Redone the formula for all points (entries, exits, original exit formula, tp, sl tsl)
* Added PnL on each entry and exit points (ex.: below each point you have PnL gained from previous entry point)
* Added slippage (%) in settings for PnL (be aware, slippage is strictly for PnL, so if you have 1% profit and slippage is 10%, the final profit will be 0.9%)
* Alerts for every entry/exit point
How to trade:
Analyze the market, adjust the settings according to market condition!
1. Enter when new high of low is formed and price breaks the channel
2. Re-enter for pyramiding (high risk)
3. Exit: - when price breaks smaller channel (original formula)
- when price reach fixed TP or SL
- when trailing stop is reached
- when price reverse
4. Calculate profit/loss after each exit(each PnL is from the last entry point until the current exit - from last long until current tp, from last long until current sl, from last long until current tsl, from last long until exit point, from last long until current short)
P.S. All alerts should be set On bar close
All settings can be edited/adjusted
* Added PnL on each entry and exit points (ex.: below each point you have PnL gained from previous entry point)
* Added slippage (%) in settings for PnL (be aware, slippage is strictly for PnL, so if you have 1% profit and slippage is 10%, the final profit will be 0.9%)
* Alerts for every entry/exit point
How to trade:
Analyze the market, adjust the settings according to market condition!
1. Enter when new high of low is formed and price breaks the channel
2. Re-enter for pyramiding (high risk)
3. Exit: - when price breaks smaller channel (original formula)
- when price reach fixed TP or SL
- when trailing stop is reached
- when price reverse
4. Calculate profit/loss after each exit(each PnL is from the last entry point until the current exit - from last long until current tp, from last long until current sl, from last long until current tsl, from last long until exit point, from last long until current short)
P.S. All alerts should be set On bar close
All settings can be edited/adjusted