This Expert Advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. He trades exactly like this
the same as the original turtles, and can be used by experienced traders to determine trends on the ascending or descending
markets. [

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• Easy to use and control
• Fully customizable strategy parameters
• Fully customizable trading settings
• Works for ECN/Non-ECN brokers and 2-3-4-5-digit characters
• Works with CFD and Forex instruments

The strategy trades two additional systems, the main one and the fault-tolerant system:

• The system is the first to trade on 20-day breakouts and closes trades on 10-day breakouts
• System two trades on 55-day breakouts and closes trades on 20-day breakouts

The main principles of the strategy are the following:

• Transactions are filtered based on the results of the last signal.
• Pyramid trades up to 4 trades, with ATR (30) / 2 intervals
• The trailing stop applies to all trades using Ask/Bid /- ATR (30) * 2.
• The risk per transaction is reduced by 10% for every 20% drawdown on the account

This Expert Advisor implements the default settings of the original traders, but a lot has changed in the financial markets since then. To achieve
profitability, the trader will need to express his opinion on what to trade and optimize the settings in the strategy tester.

settings

When loading an Expert Advisor on any chart, you will be presented with a set of options as input parameters. Do not despair if you
you think there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

• Turtle Trading Settings
  This group of parameters allows you to configure the period of trading systems S1 and S2 and
  use filters.

• Adding to positions
  After the deal was done, the original turtles accumulated three more positions
  on top of the first one, adding an additional deal every time the market moved in its favor at 50% of the ATR. This group
  parameters allows you to disable or configure this behavior.

• Stop Loss Settings
  The initial stop loss for all trades by default is twice the average true
  range. You can set your own stop loss using this group of parameters.

• Money Management
  For every 10 percent drawdown on their account, turtles reduce the risk of their trading unit by 20
  percent. In this group of parameters, you can disable this behavior and configure general money management parameters.

author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Support and questions

Use the help desk for questions or timely support. Write a letter by
address: [email protected]