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[REQ] - Original Turtle Trader - Net return + 254% from 2009-2010


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I have been researching Turtle Trading System and found this automated EA trading based on the original turtle rules:

 

hxxp://originalturtletrader.com/

 

Total Return from 2008 To 2010: +254%

Backtests were performed on all 7 currency pairs from Jan 1st 2008 to Dec 31st 2009 at 1% risk.

 

Please share this great EA. Thanks!

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With 200+ Pips StopLoss?

633 2008.02.26 20:31 buy 313 0.09 1.49500 1.47168 0.00000

 

Be very careful!

 

Stoploss size is completely irrelevant as far as money management is concerned. It is lotsize that is important. The size of the average winner as compared to the average loser is also much more relevant than the stoploss size alone. What if this systems average winning trade is 600 pips? Would a 200 pip stoploss bother you in that case? To look at one statistic from a system and judge it from that one stat is asinine.

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I agree with tmalone!

 

The stop loss in the turtle system is based on current market volatility. The more volatile, the higher pips but the lot size is adjusted so that you only risk 1% every trade. It is a very robust money management system. As a matter of fact, the turtle system works so well mainly due to its money management and following a set of strict rules.

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Regardless of the "robust" money management the SL is a reflection of how much you are willing to risk to find out if your prediction of a long or short trade will play out. If you put down a SL of 250 pips -->> it means you are willing to risk 250 pips.. no matter which other way you want to sugarcoat it. It the market turns against you right from the entry - you lost 250 pips buddy! And where are the "Turtles" now? Last time I checked they lost everything and more and their fund was dissolved.. tells you a lot about their strategy.. of course we don't even know if this is the original Turtle concept.

Besides -->> basic definition of good money management: TP to SL ratio 2:1. This is why you see so many scam commercial EAs because hardly any commercial developer pays close attention to basic MM.

Edited by fxknight
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