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Dennis trained his Turtles, as he called them, for only two weeks. They were taught a simple trend-following system, trading a range of commodities, currencies and bond markets, buying when a market broke above the top of its recent range and vice versa if it broke below. The original system consisted of two mechanical trading strategies, S1 and S2 with S1 being far more aggressive and short term than S2. Some of those turtles went on to enjoy careers as successful commodity trading managers.

TurtleTrader® The Original from Michael Covel - Learn TurtleTrader® trend following trading.

However, a money management firm, Acceleration Capital, set up by former Turtle, Curtis Faith apparently imploded , although there appears to be some debate about how strictly this firm was applying the Turtle Rules.

It can also apparently lead to major drawdowns - Faith alludes to this in the book when he describes how nine months profits were immediately erased in the wake of the '87 stock market crash.

Sign up now f or access to our exclusive Beta! According to Curtis, the Turtle System Exits were apparently the single most difficult part of the Rules. For more information on Turtle Trading , a free PDF written by Curtis Faith is available outlining the original Turtle Rules.

Learn to Trade Stocks as a Trend Follower - TurtleTrader® The Original from Michael Covel

His book, The Way of the Turtle , is available on Amazon. How 23 Novice Investors Became Overnight Millionaires.

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