This pro Advisor implements exactly the initial trading platform of Dennis as well as Eckhardt, commonly called The Turtle Trader. It deals exactly like this
the same as the first turtles, and may be used by experienced traders to ascertain tendencies on the down or up
markets. [

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• easy to use and control
• entirely customizable strategy choices
• Fully customizable trading configurations
• Works for ECN / Non-ECN agents and 2-3-4-5-digit personalities
• Works together with CFD and forex instruments

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

• The system is the first to trade on 20-day breakouts and close 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 as follows:

• Trades are filtered based on the results of the last signal.
• Deal a pyramid of up to 4 trades, at intervals of ATR (30) / 2
• The trailing stop is applied to all trades using Ask / Bid / – ATR (30) * 2.
• The risk per trade 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 reach
The trader will need to express their opinion on what to trade and optimize the settings in the strategy tester.

settings

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

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

• Adding to positions
  After the deal was made, the original turtles accumulated three more positions
  on top of the first one, adding an extra trade each time the market moved in its favor at 50% of the ATR. This group
  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 one
  range. You can set your own stop loss using this group of parameters.

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

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 to
address: [email protected]