Turtle Money Management
The Turtle Trading approach* is a trend following system that uses volatility for position size. *(Richard Dennis & William Eckhardt )
Turtle traders use the N unit system for risk management, which has its own advantages. This indicator offers beginners a simple interface that uses the same logic. Using ATR (Average True Range) to measure volatility.
The indicator shows the suggested position size and stop-loss price. You need to activate position line to see how it behaved in the past. Information about the Turtle system shows that it works in a daily candle. Intraday candles can be misleading (for ATR) because of this indicator use daily ATR by default. I leave the choice to you.
Limits recommended by Turtle Traders
-
Single Trade % 2 Maximum risk
Single Market % 4 Maximum risk
Closely Correlated Markets % 6 Maximum risk
Loosely Correlated Markets % 10 Maximum risk
Single Direction – Long or Short % 12 Maximum risk
Turtle traders use the N unit system for risk management, which has its own advantages. This indicator offers beginners a simple interface that uses the same logic. Using ATR (Average True Range) to measure volatility.
The indicator shows the suggested position size and stop-loss price. You need to activate position line to see how it behaved in the past. Information about the Turtle system shows that it works in a daily candle. Intraday candles can be misleading (for ATR) because of this indicator use daily ATR by default. I leave the choice to you.
Limits recommended by Turtle Traders
-
Single Trade % 2 Maximum risk
Single Market % 4 Maximum risk
Closely Correlated Markets % 6 Maximum risk
Loosely Correlated Markets % 10 Maximum risk
Single Direction – Long or Short % 12 Maximum risk
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.