Turtle Model

Turtle Model: Close to selling WTI Crude

Filed in Turtle Model
Denmark, 23 October 2012 at 07:47 GMT+0
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The model is getting a little confused over the whipsaw action in the USD. It is thus long EURUSD and USDJPY at the same time. It is also long Natural Gas (see update from yesterday) and getting close to selling WTI Crude.

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2012_10_23_Turtle Trading Model (Original).pdf

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2012_10_23_Turtle Trading Model (32 most liquid instruments).pdf

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The Saxo Bank Turtle Model made its first trade on September 13, 2012, with an initial investment of USD 65,000. The model invests in a total of 15 instruments, including the S&P 500, softs like coffee and sugar, metals including gold, energy and five currency pairs.

Our Turtle Model is based on a trend-following trading system developed in the 1970’s that gives signals for trade entries, stops and exits, but also rules for risk management. The idea is to catch breakouts in major liquid financial instruments and ride the momentum until the trend slows down.

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Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:
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