The turtle trading system a Trading System or the tortoise is a system made by Richard Dennis. In the early 1980s, Dennis became famous thanks to her success. With starting capital totaling no more than $ 400 she is able to multiply it to more than $ 100 million. Dennis is a graduate of DePaul University sells with a BA. A postgraduate degree from Tulane University before joining the Chicago Board of Trade.
Initially Dennis watched the breeders tankar turtles. Unique way shown its petangkar it is to ascertain whether the child turtle can survive or not. That is by entering them one by one into the water. Turtles are drowning dielimasi by the petangkar because it is considered not able to live long. While that survive and are considered able to swim and be kept for sale later.
methodology the turtle trading system
Then in 1983 Dennis recruited 13 disciples, also known as "The Turtles" which was derived from a variety of different backgrounds who do not even have experience in investment/trading earlier. The goal is to prove that by following a certain rules in the trade, a person can ' learn ' to be successful in trading. Each student was entrusted to manage the Fund as large and ordered to follow a set of rules that Dennis, also known as Turtle Rules. Uniquely, although it has the same rules, the student gives different results. The training program ended in 1988 and some of the Turtles become successful traders and most fail.
Methodology The Turtle Rules
Trading systems based on the concept of ' Trend Follower ' and was taught by Richard Dennis or commonly known as the turtle rules, require a complete trading system must have 6 ways, namely:
1. Market – what to buy/sale the first thing to note is the market what we will tradingkan, or in other words in the world of forex currency pairs, such as where we are going to play. This includes diversification, which can be interpreted as how many types of currency pairs we will play.
2. Size/Volume/Lot – how much should be sold/bought. A measure will be how much should be sold/purchased affect diversification and money management. Practice is the maximum number of Open positions is permitted.
3. Entry/Open – when doing the opening position. When we have made a pretty sophisticated system, then the system will give us the signal when is the best time to enter the market.
4. Stop – when closing a position (in case of loss) Turtle rules say that a trader who did not want to close the position at the time of the losers will not survive in the long term.
5. Exit-when closing a position (in profit) in addition to determine the limit of losses, turtle rules also requires determining when to go out on profit.
6. Tactics – how do I buy and sell outs how to do the opening position also needs to be taken into account, bearing in mind in particular occasionally our transactions in the status wait until profits come (status of the floating loss)
From here we can picture, that the Turtle Trading System is a system of Trend Follower or Trend following. Bottom line if you want to generate a profit don't fight the Trend.
Performance
At the age of 25 Dennis become millionaires (USD millionaire) – 1983 recruiting and training 13 people are known by the term ' The Turtles '. When Monday Grey (Black Monday) occurred in 1987, Dennis unexpectedly suffered a loss of $ 10 million and in total to $ 50 million during the period of 1987-1988. One thing to note that Dennis is not always put into practice its own Turtle Rules that he had taught at his students.
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