APIBridge Turtle System

Strategy Premise

It is a trend following breakout strategy which takes a trade whenever there is a breakout in the nth period range. As a default, if the candle closes above/below the high/low of previous 55 candles, a trade entry signal is generated. The position is exited, whenever the candle closes below/above the low/high of the past 20 candles.


Strategy Logic

Long Entry: Send LE when candle breaks previous nth period high

Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period low, LX and SE is sent

Short Entry: Send SE when candle breaks previous nth period low

Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and candle hits previous nth period high, SX and LE is sent



Turtle Trend Trading System for TradingView Charts

1.Entry Length: Number of bars to lookback to for a high

2.Exit Length: Number of bars to lookback to for a low

3.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time

4.Alert_Message : Need to copy while creating alert into Message Box

5.Trade Setup : Intraday / Positional (Selecct accordingly)

6.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1

7.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply

8.Use Second Session : Check this to use second intraday session

9.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2

10.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply

11.Use Target : check if you want to set required target if not cheque will not applicable

12.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable

13.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable

14.Point Or Percentage For TG SL : Use Points or Percentage as per your choice

15.Target : Set as per the selection of (Point Or Percentage For TG SL)

16.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)

17.TSL_Type : Select as per your logic in %/ATR/Points

18.TSL_Input : Set in case you select %/Points in TSL_Type

19.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type

20.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type

21.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )

22.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )

23.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )

24.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )

25.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )

26.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )

27.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )

28.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM

29.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )

30.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only

31.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100

32.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet

The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity