Signal library Β· Breakouts
55-day high breakout (Turtle)
The close moves above the highest high of the previous 55 bars.
- What it is for
- The Turtle Traders' long-term entry: a new 55-day high.
- Rule
- Buy (long) on 1d bars when close crosses above dc highest 1 bars ago. Stop: 2 Γ ATR(14) from the entry. Target: 2 Γ the risk (stop distance). Exit after 60 bars at the latest.
- Side
- β² Long (buy)
- Timeframes
- 1d
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample Β· after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 1d | information only | β | β | β | β |
| India | 1d | information only | β | β | β | β |
| United Kingdom | 1d | information only | β | β | β | β |
| Europe | 1d | information only | β | β | β | β |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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