Initial stops and -R

Discussions about Money Management and Risk Control.
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dispassionate
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Initial stops and -R

Post by dispassionate »

If one has selected say a 2 ATR stop as the initial stop, as per the Turtle rules, is it a good idea to select a techical stop within the 2 ATR stop with the aim of perhaps keeping the majority of of the losses at 1 ATR?
Forum Mgmnt
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Post by Forum Mgmnt »

There are many ideas which can be good ones that are not part of what we did 20 years ago. If you read in the recent weeks posts you will also get some hints as to changes that improve recent period results for the Turtle system.

I strongly suggest testing and exploring other methods which are easier to understand and trade based on moving averages or channels centered around them. Focusing too much on the Turtle rules is a mistake. It was only one way to make money, even back then. Rich considered other rules but decided to give us those rules. His research then, and my subsequent research indicates that there are many ways to make money. Some of them are much easier to implement and undestand.

The important consideration is the approach, not the specific set of rules but the fact that we had one and that those of us who were successful learned how to consistently follow those rules.

- Forum Mgmnt
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