Turtle Trade /how to track previous trade result we didn't take?

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ScottishSpeculator
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Joined: 03 Jan 2023
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Turtle Trade /how to track previous trade result we didn't take?

Postby ScottishSpeculator » 12 Mar 2023

I am sure the experienced traders here have looked at the Turtle trade ... Want to try it out. I have no issues with the entry/exit and ATR stops etc.
What is more interesting and probably helpful for new users to understand including me is the logic of tracking trades which perhaps we didn't take.

In the turtle strategy, they have a filter in which if the last trade was a win they don't enter. However, how do we logically go about tracking the result of trades we don't actually enter? Do we need to set up a dummy strategy and some sort of global variable?

You could obviously say don't enter trade if the last trade we took was a win but this wouldn't capture the trades we didn't take which ended up as wins.

Any ideas guys how you would approach this>

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