OPEN-SOURCE SCRIPT

Aggiornato

Turtle System

First pinescript strategy I've ever written so still learning what is possible.

This strategy is based on the famous turtle system and tried to stay true
to the rules within the confines of what pinescript will allow me to do.

Features:
Green lines represents the 20/55 day highs (configurable)
Red lines represent the 10/20 day lows (configurable)
Purple line represents stop (defaults to 2N away configurable)
Pyramids up to 5 long positions (each 1N away configurable).
Arrows:
Up Arrow Green - 20 day long position entered
Up Arrow Purple - 55 day long position entered
Down Arrow Green - Winning trade exited out.
Down Arrow Red - Losing Trade either stopped out or exited out.
Code tracks successful wins as it is only allowed to enter positions if the last trade was not a wining trade.
One limitation, only supports Long trades although wouldn't be a lot of work to also make it support Short.

Love to hear feedback on improvements, particularly to make it more robust.

Note di rilascio

Small change to update the way the labels present for each trade.

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Removed some unnecessary code.

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Documented the system and added comments to the logic.

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Fixed one minor logic bug.

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Updated the chart.

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Fixed a couple more logic issues.

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Fixed bug was adding 6 units max, should only add 5.

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Rewrite to consolidate rules and improved the aesthetics to make it easier to visually see breakouts.

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Breakouts now occur when the bar moves into the green. One of the rules of turtle system is to not take trades where the last trade was a winning trade, rather skip the next trade. Logic is implemented and you can visually see the trades skipped because the labels are greyed out (L1 labels). If the trade keeps going, it will take the L2 trade as according to the rules.

Note di rilascio

Fixed issue of code not adhering to the dates used.

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More cleanup and now uses next day market order to close position rather that an exit order. exit orders were somewhat unpredictable in terms of when they were filled.

Note di rilascio

little more cleanup.

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Fixed bug in calculating avg price.

Note di rilascio

1) Fixed bug not always taking L2 trades in strategy tester (visually could see them but strategy entry would not always take it)
2) Added lines to show next buy price as well as the stop price (these are the dashed lines).

Couple things to note about this script so far, which vary slightly from the original turtle rules.
a) All entries to positions are triggered if the close > L1 or L2, NOT the high. This has an interesting side effect. If high crosses over the L1 or L2, but doesn't close above it, this extreme point (high of day) must be crossed in subsequent days to generate a trade. Backtesting, I like this as it forces the trade to really stretch and be bullish, also helps reduce some of the noise in this day to day trading.
b) The actually buy in trading view occurs at the open the next day.

Note di rilascio

Fixed issue that L2 trades take precedence.

Note di rilascio

Minor changes.

Note di rilascio

Fixed issue where L2 trades where using L1 stop.

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The latest version handles position sizing based on N. It computes position size as follows
# of shares=(risk/n), where risk=capital*riskPercent and n=ATR14.

Note di rilascio

Improvements to calculating position size.

Note di rilascio

Figured out a way to have pine script tell me capital left for determining position sizing.

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Entry points are taken on close instead of next day's open. Strategy takes entry based on high/lows > L1 or L2 rather than close.

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More updates. Added max units configuration. Cleaned up code a bit. Added alerts. Uses new functionality in strategy to determine cost basis, position sizing based on turtle rules, etc.

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More improvements.

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Updated version

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Make ATR period configurable (defaults to 14)

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Someone reported the last version had a bug and wouldn't load, so hopefully this fixes it.

Note di rilascio

Bug fix.

Note di rilascio

Fixed issue with position sizing. Fixed crash in 5 minute time frame. Fixed crash in some futures charts.

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

eugene71

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

eugene71