The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires

Entries and Exits: It's always better to buy rallies

System One (S1) used a four-week price breakout for entry and a two-week price breakout in the opposite direction of the entry breakout for and exit.

System Two (S2) used an eleven-week breakout for an entry and a four-week breakout in the opposite direction for an exit.

Risk Management: How much do you bet on each trade?

N - The Turtles took a twenty-day moving average of true ranges.

Unit - They bet a fixed 2 percent of their capital on hand on each trade.

The Turtles used a 2N stop.

Pyramiding: Adding to winners

You will add another unit each 1N move. Turtle could pyramid a maximum of 5 units. They set their stops at 2N on the first day of trading and from that point forward, 2N stops were used. Then, once the second unit was bought, both stop were brought up to the new unit's 2N stop.