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Richard Dennis / Original Turtles (Free Rules Project)

Turtle Trading. System 1 (long side)

RECOMMENDED 1D

Win rate

38.6%

Trades

44

Profit factor

4.30

profit > loss

Return

+119.8%

under hold +7164.4%

Drawdown

4.3%

Account curve

BNBUSDT · 1D2018-09-21 → 2026-09-19 · 8.0 years

StrategyBuy & hold

Wins and losses

39%win rate
  • Wins17
  • Losses27
Drawdown4%
Hold drawdown69%
Time in market43%

How it trades

  1. 1

    Timeframe

    1D

  2. 2

    Setup / filter

    no separate filter, the entry rule is the whole setup

  3. 3

    Entry

    close breaks above the 20-candle range → market at the next candle open

  4. 4

    Stop

    2 × ATR(20) from entry

  5. 5

    Target / exit

    Target: no fixed target · Rule exit: a close below the 10-candle low closes the trade at the next open

  6. 6

    Risk

    1% of equity risked to the stop

Evidence

5
Rules executed
2
Published sources
5
Known limits
tradingblox.comnewtraderu.com

What this test cannot reproduce

The Turtles traded futures both ways; a short breakout cannot be executed on Spot, so only the long side is tested.

The published system adds up to 4 units at 1/2 N intervals and reduces size in correlated markets; this test trades a single unit, so returns are smaller and smoother than the original.

Turtles risked 1% of equity per N of volatility; this test uses the app's fixed 1% risk-per-trade sizing, which is the same idea expressed through the stop distance.

The original System 1 skips a breakout when the previous breakout would have been a winner; that filter needs trade history at signal time and is NOT applied.

They traded liquid futures (bonds, metals, currencies); this test runs on the crypto pair you named.

Every backtest of these rules