Having a little trouble understanding how this system profits. It has been noted that this method requires large equity because it experiences huge drawdowns. What is the scenerio in which it wins? I've only read it briefly, but don't understand the difference between the turtles method and simple pyramiding.

Which turtle method are you testing btw? System 1 or 2? What exit strategies are you using, 2 N or whipsaw 1/2? Do you think there is a way to trade this idea that will not produce the profits a true turtle system would produce, but perhaps bring in more consistent profits with less drawdown? Matt