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Ariel Simple Turtle Robot
Ariel Simple Turtle Robot
Ariel Simple Turtle Robot
The turtle trading strategy is a famous trend-following strategy by legendary traders Richard Dennis
and William Eckhardt in the 1980s.
Richard felt anyone could learn how to trade if taught properly. His partner, William Eckhardt,
disagreed, and their debate resulted in an experiment with a group of would-be apprentice traders
recruited during 1983 and 1984 for two trading “classes.” That “Turtle” name? It was simply the
nickname Dennis used for his students.
Starting with less than 10million, the group made over 150million in 5 years. (There is no official
figure but this is based on estimates by Michael Covel in his book “The Complete Turtle Trader”.)
Ariel is a simplified version of the Turtle Strategy. The full Turtle Robot will in included in the later
sections.
Trend Following
The turtle trading strategy is a trend following strategy. This means that the edge comes from
capturing and riding long term trends.
Trading Rules
• Long: When closing price is equal to or crosses Donchian(20) upper bound from the
bottom.
• Short: When closing price is equal to or crosses Donchian(20) lower bound from the top.
• Profit-Taking Exit 1: Exit the long trade when closing price is equal to or crosses
Donchian(20) lower bound from the top.
• Profit-Taking Exit 1: Exit the short trade when closing price is equal to or crosses
Donchian(20) upper bound from the bottom.
• Stop Loss Exit: Exit trade when closing price travelled 1 ATR in the adverse direction.
• Trending and low volatility conditions. High Volatility is extremely detrimental to the
robot. If there exist high volatility, increase the Donchian periods and ATR StopLoss
multiple to allow the robot to absorb the noise.
• Mid-High timeframe - 30m and larger.
Source: Asirikuy.com