Can advanced turtle trading still be applied to the current trading market with algorithmic trading?

Abstract

The purpose of this report is to test the applicability of the modified Turtle Trading System to different markets through algorithmic trading. The trading rules used in the report are the Turtle Trading System invented by Richard Dennis in the 1970s. The program trading tool is known as Multicharts. The methodology used in the information is to modify and adapt the Turtle trading through backtesting and validation to develop a customized trading strategy for each market. The report concluded that each market, including indexes, Forex, cryptocurrencies, and commodities, can achieve consistent profits by trading a portfolio composed of new versions of the Turtle trading strategy with the appropriate parameters. The conclusion is that even though the Turtle trading strategy has been in place for decades, it can still work in various markets through improvements and adjustments with the help of program trading.