This is a backtest of a simplified version of the famous Turtle Trading strategy. No stop losses or position sizing strategies were used. Trades are entered on a 20-day (120 candle on the 4H chart) high or low breakout, and closed on a 5-day high or low reversal in the opposite direction. All trades are entered with 100% of the portfolio's equity.
This strategy matches buy and hold performance since 1/1/2017, but has a max drawdown of 20% instead of 85%.
This strategy matches buy and hold performance since 1/1/2017, but has a max drawdown of 20% instead of 85%.
Comment:
The backtest starts with $10K USD on 1/1/2017 and has $95K as of 11/20/2019.