How to find a position opening point in the turtle trading system? 70

Choose different ** companies, the difference in handling fees is very large

We will give you the lowest level directly: only 1 point will be added to the handling fee of all ** varieties (only +

After some form of breakout, new trends tend to emerge. In simple terms, a breakout is a place where a new high or low breaks through to a new high or low that begins to move in a new direction and goes beyond the current consolidation period.

This is also where breakout traders enter the market. However, in the real market, most breakouts are not enough to develop into profitable trends.

Therefore, the Turtle Trading System is a two-fold breakout system that includes System 1 and System 2. among othersSystem 1 refers to the 20-day fast breakout system, and System 2 refers to the 55-day slow breakout system.

In the Turtle trading system, fast breakouts are designed to help traders enter the trend early and open positions as early as possible at the beginning of a new trend. A slow breakout is waiting for a stronger trend signal to ensure the accuracy of the trend.

The slow breakout system also allows for a larger retracement of the trend compared to the fast breakout system. This allows it to maintain a strong trend for a long time.

The Turtle Trading System is a sophisticated rule-based system. It covers all aspects of trading, including the trading market, position size, entry and exit. In terms of basic mechanics, the turtle trading strategy is oneDouble breakout system, working in tandem and complementing each other, the aim of which is to identify new trends and profit from them.

1) Market: What to buy and sell

Trade all major ** contracts, metals, currencies and commodities;

Trade in multiple markets to diversify your risk.

2) Position size: How much to buy and sell

Position size is determined based on 20-day** market volatility;

Trade with total account equity1.

3) Admission When to buy and sell

Trade the Tangchian breakout system, system 1 uses a 20-day breakout, and system 2 uses a 55-day breakout;

Increase in winning trends**.

4) Stop Loss When to close a losing order

System 1 exits on the 10th day of a breakout in the opposite direction to the entry, while System 2 exits on the 20th day of a breakout in the opposite direction to the entry;

All orders will not exceed the risk of 2, set a stop loss according to the rules.

5) Strategy How to buy and sell

The most important strategies for trading are confidence, consistency, and discipline;

Successful traders use a fixed trading system;

Only the liquid market is traded.

It used to work, but now it doesn't.

n=(19 pdn+tr) 20 where: pdn - n value of the previous trading day tr - actual range of the current day Since this formula uses the n value of the previous trading day, you must calculate the initial value from the 20-day simple average of the actual range.

The initial value is calculated by adding up all 20 days of TR and dividing it by 20. A mean is obtained.

Eight years ago, I was also asking and debating what kind of trading system to use, and I also used a variety of models, but I was still on the road to loss, and it was not until my own trading model was formed that I turned a profit. I still want to tell the subject, the important things are: 1. What system are you suitable for, what operational needs do you have, why can't you build your own trading model, but trust other people's models; 2. Whether you will strictly implement the system formation, or consistently chase the rise and fall, reverse operation, etc.; 3. Whether the psychological tolerance is strong, if you don't control the market, you will be led by it, for example, once the loss exists, you want to recover it immediately, which will lead to the loss of the principle and the loss will continue to expand; 4. Always keep in mind that this is probability, there must be losses and wins, and the significance of the system lies in the fact that only on the basis of controlling risks can we consider making profits, small wins + big wins + small losses + never big losses = stable profits.

A stop loss is just a concept, and launching to the exit breakout point is also a kind of stop loss. The turtle emphasizes a system, and there is a ** problem in it. **With the point, you can probably calculate the stop loss level, what is the problem?

Also, no matter how you set your stop-loss, it ultimately comes down to the stop-loss action, which corresponds to a specific point, so there's nothing wrong with that.