🐢 Turtle Trading – Classic Breakout and Trend-Following Method (with Python)
“Let the trend be your friend.” That’s the philosophy behind Turtle Trading – one of the most iconic and successful trend-following strategies in trading history. In this blog, we’ll explore what Turtle Trading is, how it works, and implement a simple version in Python using historical stock price data. 📈🐍 📖 The Story of Turtle Trading In the 1980s, two famous traders – Richard Dennis and William Eckhardt – had a debate: Dennis believed anyone could be taught to trade. Eckhardt thought good traders were born, not made. To settle this, Dennis trained a group of people (his “turtles”) in just two weeks , gave them real money, and let them trade. The result? The turtles made millions using a simple, rule-based system! 🔍 Turtle Trading Strategy: The Basics The strategy focuses on breakouts – when price moves outside its recent high/low range. 📌 Entry Rules: Buy when price breaks above the 20-day high . Sell when price breaks below the 20-day low...