P&F Turtle trading strategy

Turtle trading is a popular trading method. The whole story and concept of the method is explained here.

Time is not considered while plotting P&F charts. A breakout based on the number of columns can be applied to P&F charts instead of the number of days.

The turtle breakout pattern on P&F charts is very effective and it is explained here.

A turtle breakout pattern is a very effective positional trading strategy.

Below is a possible strategy in the Momentify Trading setup.

Strategy Name: P&F Turtle Breakout Strategy

Stock Group: Your choice

Allocation: Your choice

Number of Stocks: Your choice

Rank Criteria: Volar

Position Size: Fixed

Ranking Period: 252

Retracement: Within 50% of 52-week high

Moving Average Filter: 200-EMA

Relative Strength: Above D Smart

Entry Condition: Turtle Breakout – Bullish

Exit Condition: Below D Smart

Market Trend Filter: Change the exit strategy to Double Bottom Sell or High Pole when Nifty turns bearish, or when X% breadth rises above 75, or X% breadth falls below its moving average.

Please note: When using Point & Figure charts, the box-value can be defined based on the stock universe:

• 0.25% x 3 for large-cap stocks
• 1% x 3 for other stocks
• 3% x 3 for medium- to long-term trading setups

You can run this strategy on large-cap, mid-cap, small-cap, micro-cap, or the entire market universe. It can also be applied to various sectors, thematic indices, or even your own custom group of stocks.

In the above template, position sizing is kept as fixed. However, you can also opt for ATR-based or Risk-based position sizing methods.

It is important to understand that the above rules are meant to help you understand the structure of the template. You are encouraged to tweak the parameters as per your comfort, and backtest across different time periods and stock universes to build your own customized trading template.

You can customize the exit strategy — including setting your preferred stop-loss percentage and target levels.

You can use this base template, make necessary adjustments, and save it in your Momentify Trading dashboard.

To backtest your strategy, go to:
RZone → Backtesting → Momentum Trading Backtesting

The above strategy in the Momentify Trading Setup is a long-only (buy-only) strategy and can be applied across any market segment — cash or derivatives, across any timeframe or instrument.

In Momentify trading setups, there are two options: Fresh and Running.

• Running: Displays stocks that qualified earlier and are still running in the same column. These stocks are ranked based on the selected ranking criteria.
• Fresh: Shows only those stocks that qualify the setup on the current day, also ranked based on the selected criteria.

The stock basket in Momentify is generated based on the previous session’s closing price.
To scan stocks using live market prices, simply click the Scan button.