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The turtle trading strategy’s profitability in the current market
Finance & Accounting
Pages 9 (2259 words)
This paper discusses and undertakes a literature review on the turtle trading rule in its original form, including what its profitability is, and what the advantages and disadvantages of the rule are.
It is a complete trading system that is based on mechanical trading hinged on market price signals. The following aspects of the trades were all accounted for and covered by the rules: what to buy and what to sell, or the markets; how much of a particular market to sell or to buy, or the size of the position; the timing of the buying and the selling; the stops, or the timing of bailing out of positions where the trader is in a losing proposition; the exits, or the timing of the bailing out of positions where the trader is winning; and the selling and buying hows, which comprise the tactics for the trading exercises. Moreover, the turtles trading system focused on a number of trading instruments, all of them markets that are considered liquid. In the Chicago Board of Trade, the turtles traded in 30 year and 10 year Treasury bonds and notes. In the New York Exchange for Sugar and Cocoa, the turtles traded in cotton, coffee, sugar and cocoa. In the Chicago Mercantile Exchange, the turtles focused on a select group of currencies, which included the Japanese Yen, the Canadian Dollar, the British Pound, and the Swiss Franc. The list also included the S&P 500 Index of Stocks, as well as the 90 day US treasuries. ...
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