eticon Posted November 22, 2010 Report Share Posted November 22, 2010 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! Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted November 22, 2010 Report Share Posted November 22, 2010 With 200+ Pips StopLoss? 633 2008.02.26 20:31 buy 313 0.09 1.49500 1.47168 0.00000 Be very careful! Quote Link to comment Share on other sites More sharing options...
tmalone Posted November 22, 2010 Report Share Posted November 22, 2010 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. Quote Link to comment Share on other sites More sharing options...
eticon Posted November 23, 2010 Author Report Share Posted November 23, 2010 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. Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted November 23, 2010 Report Share Posted November 23, 2010 (edited) 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 November 23, 2010 by fxknight Quote Link to comment Share on other sites More sharing options...
eticon Posted November 24, 2010 Author Report Share Posted November 24, 2010 Anyone to share this EA? Quote Link to comment Share on other sites More sharing options...
chimera123 Posted December 2, 2010 Report Share Posted December 2, 2010 That would be great if anyone could share this one !!! thxxxxx Quote Link to comment Share on other sites More sharing options...
pro Posted December 3, 2010 Report Share Posted December 3, 2010 http://www.4shared.com/file/tncwLs_I/GoHan_Turtle_Trader.html its not the one from the above mentioned page, I lost 30% on demo in 2009 with it, so be careful when using this old fashioned trading method. acaciam39 1 Quote Link to comment Share on other sites More sharing options...
li21 Posted January 28, 2012 Report Share Posted January 28, 2012 Any updated Turtle Trader? What is this one they are talking about ? http://www.reviewpips.com/systems/automated/item/turtle-trader-robot/reviews/ Quote Link to comment Share on other sites More sharing options...
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