This strategy is based on the « Turtle soup+1 » trading system developed by Larry Connors. It consists in detecting a bullish (bearish) signal among the last 20 candles of a Japanese candlestick.

There is a bullish signal if

• The lowest price is recorded in the last candle
• There are at least 3 candles between the 2 last lowest prices recorded
• The close price of the last candle is above the former lowest price recorded

There is a bearish signal if

• The highest price is detected in the last candle
• There are at least 3 candles between the 2 last highest prices recorded
• The close price of the last candle is below the former highest price recorded

We have added the following conditions to make the signal more relevant

In the case of a bullish signal :

• The 20-day-CCI must be above -100
• The 15-day-Repulse 15 must diverge upward against the two lowest prices recorded

In the case of a bearish signal :

• The 20-day-CCI must be above 100
• The 15-day-Repulse 15 must diverge downward against the two highers prices recorded

WARNING:

• This trading system is dedicated to the most experienced investors
• A stop loss allows you to close your position in the case you aren’t on the good way.