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1. SUMMARY

Poseidon is an offspring of famous Donchian Channel and Turtle Trading Strategies first introduced in Poseidon Strategy Rules and Test Results (1 March 2013). It is a trend following strategy aiming to capture a trend and not letting it go until trend fades.
The rules are simple and can be found in above mentioned article in detail. Shortly, it enters the market when 55 days’ highest or lowest value is breached. It has a initial stop loss and trailing stop depending on the ATR value of currency pair.
You can find test results of optimization of ATR values and proof that Poseidon works with wide range of stop loss and trailing stop values in Simple Money Management and Poseidon Test Results Revisited (1 April 2013). Also why I believe risking certain percentage of your equity is better than using fixed amount per trade explained in the same article.
I re-introduced my own system with my simplified rules in Poseidon Makes 50.000 $ to 360.000$ - Jforex Files Included (7 July 2016). I removed ATR calculation for every trade and started use fix amounts…
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Efegen avatar
Efegen 28 Aug.

Thank you everyone for your support :)

driven avatar
driven 28 Aug.

Nicely done.

Sharpshooter avatar

Хорошая стратегия, но не каждый сможет следовать ей. Спасибо за материал.

fxsurprise8 avatar

great article as always!

Ninnell avatar
Ninnell 21 Sep.

great article))

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2/47
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SUMMARY
Poseidon is an offspring of famous Donchian Channel and Turtle Trading Strategies. It is a trend following strategy aiming to capture a trend and not letting it go until trend fades.
I have working on this strategy for a while and I published two award winning articles regarding my strategy. Please click on them to read them.
1) Poseidon Strategy Rules and Test Results
2) Simple Money Management and Poseidon Test Results Revisited
In this article I will continue my award winning series and I will introduce simplified rules for Poseidon, deliver Visual JForex files i developed and share my 10 year long test results for EURUSD.
1. DEFINING TOOLS OF POSEDION
1) 20 days’ Average True Range
2) 55 days’ highest high and 55 days’ lowest low are the only three information we will use to setup this strategy.
I simplifed my rules. I do use fixed values to determine my stop as will be explained below.
The motto of the strategy is to buy high to sell higher, sell low to buy lower.
1.A. RULES OF ENTRY

-BUY if Price breaks above 55 days’ highest high. We will buy when the Price gets one tick higher than the 55 days’ highest high.
-SELL if Price gets below 55 days’ lowest…
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Bruno_Grunberg avatar

Go for the trading contests.

klizthiac avatar
klizthiac 11 Aug.

Good job

bibo avatar
bibo 5 Sep.

I WILL LEARN AND TRY IT FOR MYSELF

Knaz_RA avatar
Knaz_RA 17 Oct.

На истории красиво.....однако рынок не постоянен, характер движения цены постоянно меняется- из-за чего приходить редактировать ТС.Данная ТС  проживет года 2-3, о 10 лет нужно забыть.......

hamidkeikha avatar

Good job

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3/40
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Poseidon is an offspring of famous Donchian Channel and Turtle Trading Strategies. It is a trend following strategy aiming to capture a trend and not letting it go until trend fades. Simple enough? In this article, I will define the Poseidon with entry and exit rules. After defining the strategy, I will be testing the Poseidon in EURUSD, USDCAD, AUDUSD and GBPUSD pairs without any money management. The profits may seem low for 7 year period, however in my next article I will be demonstrating how money management can be used to boost profits and how I use money management to optimize strategies. Furthermore, if I got enough feedback I will be revealing my Metatrader Code of Poseidon in the third article. 1. DEFINING TOOLS OF POSEDION 20 days’ Average True Range (hereinafter “ATR&rdquo value, 55 days’ highest high and 55 days’ lowest low are the only three information we will use to setup this strategy. The motto of the strategy is to buy high to sell higher, sell low to buy lower. 1.A. RULES OF ENTRY* -BUY if Price breaks above 55 days’ highest high. We will buy when the Price gets one tick higher than the 55 days’ highest high. -SELL if Price gets below 55 days’ lowest low. We w…
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Efegen avatar
Efegen 1 Apr.

@Specialforex, I tested every ATR combination. In forex 1.5 and 0.5 perfomes the best overall. Deeper the market it is better. Sometimes 1.3 with 0.3 and 2.4 and 0.4 performs better depending generally depending on the currency pair.
However Turtle's 2.0 and 0.5 ATR values perfom better in commodities.
Money management is in next article;)

SpecialFX avatar

I have to say that i'm not convinced :) In my opinon 2ATR, plus the low/high of 20 bars works better, all things considered (different pairs, all kinds of market states, with low/high volatility, ranging/trending). Of course you will have specific pairs that perform better using other combinations, but 2ATR + 20 bars, would work better if you consider all markets/pairs as a whole. 0.5 ATR for initial stop generates so many unnecessary losses...and those small losses add up. Like I said, add 2005-2006 (or any other range-bound years) to the testing period and everything changes :)

doctortyby avatar

I agree special FX, 0.5 ATR is probably the most used and most dangerous SL

doctortyby avatar

But with a 2ATR +20 Bars what would be the TP?... just trail the stop?

geula4x avatar
geula4x 17 Apr.

Well explained idea + detailed results

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