Turtle-Style Breakout Entries and Shorter-Period Exit Signals

Summary

The document explains a Turtle-style trend-following indicator built around breakouts of historical highs and lows. Its general rule enters on an N-day breakout and exits when price breaches an M-day extreme, with N longer than M. Examples pair a ten-day entry with a five-day exit, or a twenty-day short entry with a ten-day exit. The indicator displays entry and exit signals and is intended to work alongside a channel indicator that represents the broader system rules.

A described modification waits for a bar to close beyond the trendline before signaling a trend change, which can avoid reacting to an intrabar touch but delays detection until the bar closes. The text says the indicator can resume entries along a trend after a prior trade is stopped out and mentions alerts and use with two system variants. It refers to EURUSD backtests spanning 1995–2012, including position sizing, adding to positions, and ATR-based trailing stops, but supplies no readable performance figures or detailed results. The claims about historical profitability therefore cannot be assessed from the text alone.

Key ideas

• The system enters on an N-day high or low breakout and exits on a shorter M-day opposing extreme.
• The entry lookback period is longer than the exit lookback period.
• The indicator marks entries and exits with directional arrows and dots.
• Waiting for a bar close beyond the trendline delays signals but avoids treating an intrabar touch as a confirmed change.
• The document references historical EURUSD tests but does not provide enough results to evaluate profitability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.