Hello Traders,
many people have asked me and continue to ask me how my strategy works and what is my exit strategy if things go wrong.
This is a brief description of how the Turtle EUR strategy works:
Turtle EUR use an Expert Advisor to manage trading operations, the Auto Money Management (the risk for each trade) is set to 2%.
The system run on my own server and, whenever possible, I constantly watch the open trade.
In the 90% of the cases the strategy open in the right direction and close the trade in a few hours, sometimes in a few days.
The remain 10% of the cases, when the strategy open in a wrong direction, after a loss of about 150-200 pip, it open a recovery trade in the same direction of the initial trade with a higher lot size (from 3x to 4x depend which pair is involved).
This way, thanks to small movements towards the right direction the strategy closes all trades in overall profit.
Actually the system works with EURUSD and GBPUSD currency pair.
Only one trade is open at a time.
I would not say that this is a typical martingale system. Martingale does not work the way that Turtle EUR works. The Expert Advisor opens only one additional trade and the risk is beforehand specified by me. Furthermore, the additional trade is triggered only during specific conditions, unlike more martingale systems. My point is that if you trade with reasonable risk, your account should be safe enough and long-term profitable.
This is how my strategy works, sometimes it can happen that the first trade goes wrong.
If the loss in pips exceeds the threshold value of 150, a recovery trade can be expected with a higher lot size.
But this is not an exact value, the distance in pips may be different, because the strategy wait for a good market condition to open the recovery trade.
Unfortunately I do not have a magic wand.
This can cause an increase in heartbeat, but for 10 years of backtest and 3 years of real trading the strategy has worked well and will continue to do so in the future.
The Plan B
Question: What’s happen if also the Recovery Trade fails and the price is not retracing enough (after all what has not happened in the past, sooner or later it can happen in the future)?
Answer: Actually I setup the maximum allowed drawdown for the account, his value is 30%.
This option is based on the current drawdown, which is the difference between the current account balance and equity.
Also if the trades remain open for more than a month (4 weeks), they will be manually closed.
Regards
Andrea Lanza
Oh, you reduced the Total Drawdown from 53% to 25%?
Thx for the summary!
Hello,
where did you read 53%?
The value of 25% I got from my backtests, I considered the fact that at most in 12 years the drawdown does not exceed 25% for both currency pair.
Regards
Andrea Lanza
In September 2017 Update Report you commented:
“The maximum allowed drawdown for the account is set to about 53%.
This option is based on the current drawdown…”
If I set the copying multiplier to x2, my lotsizes are doubled.
The consequence are:
– I have twice as high gain (at the moment about 6%)
– my maximum Drawdown when the failing recovery trades are closed amounts 50%
Is that correct? Is there anorher consequence?
I follow since may 2017. I love it and have much respect to your performance and success quote.
Sometimes in phases of drawdowns I join Turte with a second account, close to the point when a recovery trade is opened. This lateral entry enables additional gain, compared to the original system, after recovery.
At this point the drawdown potential is less than 25%, so I think about multiplying the lotsizes of these lateral entry Trades.
Well yes, if you double the lot you increase the gains but also the risks, keep this in mind if you increase the multiplier.
However, a 25% drawdown would be the worst event and we hope it never happens.
The idea of opening a trade in parallel with that of recovery seems very interesting, also because statistically speaking the recovery trade has never failed.
The problem is that you have to wait more or less the exact point when the recovery is opened and also this operation is done only a few times (thankfully).
However, you suggested an idea that I will consider to try to optimize the strategy and it would be better to use this system on a second trading account to avoid further drawdown if the graph does not immediately turn right.
Have a nice day
Andrea Lanza
Of course this point is hard to hit. Before Turtles big Drawdown in October 17, I copied Turtle on Account 1 and on 4 other accounts one other system each. I watched Turtle recovering from small DDs very reliable several times without knowing of all that I understood later and what you wrote here. Then the October DD started. I joint on account 2 at 1%, on acc 3 at 2%. 4 at 3% and the fifth account at 4% DD. My whole budget at myfxbook was linked with turtle and the DD became bigger and bigger. It became a very exiting week for me 😉
Unfortunately not a profitable on, because I had not enough faith in Turtle yet and disabled further trades on account 2 to 5. Overall no win no loss.
After this event I began to understand the recovery trade process and got a feeling for the Entry point.
Could it be possible to put such a strategy into a separate ready-to-copy System at myfxbook? Could be called Turtle 2 😀
One more Idea:
The easiest way of setting up such a system would be Turtle “Recovery Trades Only”, I guess. This would provide only one or two handful of trades each year. It could be activated for example together with another System of myfxbook, to use the money on the Account more efficient (a succesful other system assumed).
Second possibility: Turtle “Drawdown Entries”.
If Turtle 2 could open trades that already have a drawdown of about 1 or 2 or 3 … % at Turtle 1, much more Trades could be performed, included the recovery trades. There would be smaller additional profits, but more in number.
Which Possibility is the best, could be found out by backtests maybe. I don’t know what s implementable, I just want to give some ideas.
I have another Question, regarding a long-term common future:
At the moment I use a Pro-Account at Broker Think Markets. I have Slippage of about 1 pip and there are some commision costs per lot due to pro-Account. Without, the slippage would be 2 pips, I guess. Is that acceptable or would you recommend to copy on Alpari Accounts?
If plan B will happen. So if the draw down will be bigger dan 25% and there will be a big loss do you continue trading with Turtle eur? Of will you stop the system? This is important because this gives a opportunity to recover the loss. I really hope that plan B will not happen.
Hello,
in my simulations it never happened to touch 25% drawdown.
If this happens it would be very difficult to recover this situation, that’s why in the remote event that this could happen I would decide to close the trades in order to lose only a quarter of the entire capital.
Regards
Andrea Lanza
I think Coen means to recover the 25% longterm by continuing trading after closing the bad trades.
Hello Andrea,
I just purchased the EA , do u mind sharing your Turtle EUR set file…
Been following your signal on demo for a while, now.. Thanks.
Hello,
I just created a new post where I explain how to download Backtests & Settings for Turtle EUR.
Regards
Andrea Lanza
Thanks, Andrea, playing around with your set files.
I’m beginning to understand the settings a little.
Also What about topping up account once it hits 25% of capital drawdown? I think this would be a good strategy in case of a big impact
Hello,
Topping up the account when it is in heavy loss seems to me very risky, if the signal reaches that level of drawdown I think that there would be very little chance of recovery and therefore better to close in strong loss than to lose the entire capital.
Regards
Andrea Lanza
And after that?
Will you do a new start with the remaining 75%
Hello,
I do not want to think about this bad news right now, it’s been fine for over 2 years now and I’m confident that Turtle EUR will continue to work well for a long time.
Regards
Andrea Lanza
Good attitude, didn’t want to stress you.
Good performance this week so far!
Regards!
Hello,
thank you.
I made some small changes to the parameters of the GBPUSD pair and now it should be slightly more performing.
Regards
Andrea Lanza
I’m using Turtle EUR through Myfxbook and the last trade was on the 6th of September. Did you stop running it?
Hello,
no no the strategy is working properly.
Some weeks trades more than once a day, some weeks only one trades and sometimes nothing at all.
But I prefer in this way, better less trades but more safer with less recovery.
Regards
Andrea Lanza
Hi Andrea
Keep up the good work. I have a number of accounts that AutoTrades via MyFXBook with your system. I just wanted to check that all is still running well because there does not seem to have been a trade since 6 Sep 2018.
Thanks
Hello,
no no the strategy is working properly.
Some weeks trades more than once a day, some weeks only one trades and sometimes nothing at all.
But I prefer in this way, better less trades but more safer with less recovery.
Regards
Andrea Lanza
Actually, a new recovery trade is in progress. This is alway an exiting phase.
Andrea, is a revovery trade automatically opened at 150 Pips resp. about 4% DD or do you open it manually depending on the market / signal situation?
Hello,
the Recovery Trade was opened by the Expert Advisor.
For GBPUSD the distance in pips is 145 but this is not an exact value.
The EA wait for a good market condition to open the Recovery Trade.
Now we must wait that the trades will be close in overall profit, hoping that the Recovery Trade retrace quickly.
Regards
Andrea Lanza
can someone recommend a broker to copy your trades on myfxbook?
Hi,
I use ICmarkets with no problem
Think Markets.
Slippage mostly under 2 pips
do they add a mark-up to spreads? if so, what is the mark-up?
I want to buy this ea, can you give me the link?
Hello,
yes of course: https://www.wallstreet-forex.com/
The name is “Wallstreet Recovery PRO Evolution”.
Regards
Andrea Lanza
how come the Wallstreet Recovery PRO Evolution opens more trades than yours?
Hello,
I use different settings.
I think that my configuration is more stable and long term profitable.
If you look at the official signal on myfxbook (https://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-20-evolution/1934826), you will see a higher drawdown and more recovery trades than mine.
Less but safer!
Regards
Andrea Lanza
Is it possible, to run turtle with MT4 and with the settings from the download section on my own server or PC to avoid slippage as with copying via myfxbook?
I am new to MT4.
Hello,
the answer is no.
You must have your own copy of the Expert Advisor and then upload my settings, if you want to have the strategy running on your PC.
Alternatively you must have an account with my broker Alpari, in this way you can copy my signal with the PAMM system and you pay a fixed fee based on your earnings and you don’t have problems about slippage, spread etc…
Regards
Andrea Lanza
I am going to buy the EA. Slippage is simply a to big problem and causes to much performance losses.
Was there a special reason for running it on Alpari RU for you?
Do you know anything that argues against broker Think Markets?
I am study the manuals, if I have Questions (for example about replacing the settings with Turtles), I can ask you hopefully?
Hello,
there is not a particular reason why I use alpari, it was my first broker and so far I have never had any problems.
Other brokers unfortunately I do not know, if you buy the engine it is good to do some backtest and maybe test it first on a demo account, because the EA behaves slightly differently with different brokers.
If you have problems with the settings ask me, you can also download the settings that I publish monthly on my blog.
Regards
Andrea Lanza
Yes of course I want to run the EA with Turtle Settings, cause I loose about 30-50% of your gain by Slippage.
Furthermore I want to enter the EA in its drawdown phases on a secondary account. Same I want to do with Turtles DD phases (Enter at about -150 pips/ -4%). I think this can cause good additional profits.
At the moment I run Turtle with multiplier 2.0 on myfx and I am going to reduce it step by step. If I want to run the EA on my own with Turtles settings, think I will have to change the Lotsize Settings somewhere, right?
Hello,
yes you can change the lot size with the fixedlot parameter or with the AutoMM parameter.
The automm set your lot size accordlyng with the size of your equity.
But in the manual you can find a detailed description.
Regards
Andrea Lanza
If I change the AutoMM Parameter from 2.0 to 4.0 (multiplier = 2, like on myfxbook), will this affect the lotsize of a recovery trade?
Hello,
yes of course.
I do not recommend to set up the risk level too high, verify that you have enought equity to do this.
It’s better also to make some backtest on your account first.
Regards
Andrea Lanza
Hi Andrea,
What settings did you put on your back test for the ea???
Cheers
Hello,
here you can find “May2019.zip”, the latest backtest and .set files.
Follow also this link for EURUSD myfxbook statistics and this link for GBPUSD.
Regards
Andrea Lanza
There is a quite interesting development with the EA, Turtle uses.
The publisher runs several accounts with the EA.
Demo:
https://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-20-evolution/1934826
REAL:
https://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-20-evo/2536318
REAL NEW:
https://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-20-evo/2643183
All 3 of them were links on the Homepage of the publisher, some weeks ago, but the Demo-Account suffered from a massive Drawdown since January, because a Trade and its Recovery Trade (GBPUSD Sell) turned negative. This link of the account was removed from the publishers Homepage. Now, 5 Months later, the Account really almost did recover from the longest Drawddown, I could find in the 3 Charts. The Trades still are open, but it looks much better that in the past.
The REAL NEW Account did not suffer from these Sell Trades, but opened a GBPUSD Buy Trade an its Recovery Trade in May, that went negative. Here, the Equity dropped under 70% of the Balance.
At the moment, it seems, that there are two Recovery Trades, that are 4x higher than the initial trade, that should be recovered.
This is new, I think.
I am very interested, what will happen.
I try to back test it and then it comes up with initialisation is failed with error code when I use your settings. It also says unsupported currency pair “Gbp52” can you please explain what I can do ?? Thanks
Hello,
even for backtests it is necessary to be connected to the internet.
Make sure you set these two parameters correctly: UseCustomPair=true; UseSettingsFrom=”GBP52″.
The account number you use for backtests must be activated on the wallstreet-forex.com website.
Regards
Andrea Lanza
Same settings on GBP USD and it blows out on 14/10/2014
Hello,
have you tried with the latest published data?
Probably depends on several factors.
It may be that the leverage you use on the backtest account is too low, make sure it is at least 1:100 or higher.
Historical data probably dumps them from metaquotes, they are not very reliable.
For my backtests I use Alpari data.
Regards
Andrea Lanza
Hi Andrea My leverage is 1-500 on my Pepperstone account.
Cheers
Hey Andrea!
You told us, that turtle is a safer version of the EA. So it openes only one position at once. The EA sometimes has both currency pairs in both directions opened.
I understand that it is safer to trade only one currency pair at the same time. Otherwise the risk is twice as high.
But why not allow to trade for example Buy if there are already open (and negative) Sell trades in one currency pair, lets say, if there is a small Buy trend during a longer Sell trend? There is no risk increase, because if one trade falls, the other rises.
Maybe this is a possibility to increase the traffic and the gain at the same risk level!?
Hello,
yes, but this is a different strategy and I can’t control it.
Turtle uses an engine made by others programmers and the only thing I can do is optimize the parameters to minimize the sad recovery trade event and, when it happens, close them quickly and well.
Regards
Andrea Lanza
What about setting number of trades up to 2? Would that open up to 1 Sell and 1 Buy Trade oder would it even allow to open up to 2 Buy OR 2 Sell trades (except the Recovery Trade)?
In the first case, if 1 Buy and one Sell order is open in one Currency Pair, the other Pair gets deactivated.
What do you think?
Does not work,
the engine opens in buy or in Sell following its internal logic.
If the operation goes wrong, open the recovery trade in the same direction.
I can also tell him to open a second transaction, but I can’t decide which direction to open it.
Furthermore if a second one trade is open and in the first operation the recovery trade is trigger, can be a very dangerous situation.
Regards
Andrea Lanza
Hi Andrea. How come your strategy does such little trading? Do you switch the ea on and off? If so when do you switch it on and off??
Hello,
The strategy works regularly and the engine is always active.
It is a period of little activity, moreover my settings are quite conservative, in order to limit the number of recovery trade and keep the drawdown low.
The engine I use for Turtle EUR is called “WallStreet Recovery PRO Evolution” and if you look at the original signal on myfxbook https://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-20-evo/2643183 you will find which performs more operations but is much more unstable with a higher drawdown.
I prefer to do less operations but have the capital more secure.
Regards
Andrea Lanza
Hey Andrea,
What was going on tonight? There was a Buy trade during a sell trade? Two at one time?
That’s new to Turtle, isnt it?
Hello,
Yes due to low trading activities I Made some small changes to the strategy.
Now 2 independent trade can be Open for the same currency.
Regards
Andrea Lanza
Thats good, I suggested to do so.
Opposite Trades in the same currency increases the traffic without increasing the risk.
Very interesting:
On the 3 Recovery-Accounts of forexwallstreet
https://www.myfxbook.com/members/forexwallstreet
both, the Sell as well as the Buy Trade(s) in EURUSD are still open.
Turtle closed them successfully, maybe due to your changed settings.
Meanwhile, they all could close the EURUSD Sell, too, but much later than Turtle.
I want to follow you in Autotrade , could you please advise the maximum acceptable multiplier i can use ? i mean according to ur recommendation not to be higher than what?
Hello,
I don’t recommend to use a multiplier value too high, if the Recovery Trade is activated (and sooner or later this will happen) it can be risky if you do not have enough margin and the recovery trade does not retrace quickly.
With multiplier set to 1 I think that the monthly gain will be about 2.5% – 3%
If you want to be aggressive, eventually you can set the multiplier = 2 (double risk) and give yourself a monthly target to be reached in terms of earning and, once achieved, you could withdraw, so as not to increase your account too much.
Regards
Andrea Lanza
We had some nice past days with turtle! Keep it going!
Question:
Did you remove Turtle EUR from Signal Start?
Hello, thank you.
Turtle EUR is still at signalstart, but is nomore in the main list, because signalstart change is sule.
I must reduce the leverage to 1:500, but I don’t want to change it.
Regards
Andrea Lanza
Hi, Does your trading depend on the EA, or do you switch off the EA at times??
Cheers
Hello,
the signal is fully automated.
Sometimes may happen manual operations.
For example, now due to brexit, I temporarily disabled GBPUSD pair.
Regards
Andrea Lanza
Kindly, Could anyone suggest a broker with low Slippage , as i am losing because of it, please share, thanks so much
Hello Andrea,
Unfortunately, with the slippage i do not get any profits although it close on profit with u
Can i buy the expert with the Turtle eur setting please? Please provide the link
Also, could you recommend any broker that it makes preofits if i want to use that expert on it?
Thank you so much
Hello,
unfortunately some trades are closed with a gain of around 2 or 3 pips, so having too high spreads or slippages can lead to a loss.
I use a commercial engine for Turtle EUR, its name is “WallStreet Recovery PRO Evolution” and you can find it here: https://www.wallstreet-forex.com/
Currently you can also take advantage of a 50% discount on the website.
Regarding the settings, following this link: https://www.dropbox.com/sh/k2elc6vf5n7555h/AABWIq94JwUGS4ycgBnHC3O-a?dl=0 you can find the backtests with the respective setup files (* .set) of the WallStreet engine.
I can’t tell you exactly which broker to use, it’s still a broker with low spreads and slippage.
Have a look here: https://www.forexpeacearmy.com/ to get an idea on which broker to use.
Regards
Andrea Lanza
Hama, you should know, that if you run the EA yourself, the trades in your Metatrader will have their own opening and closing values. They are not exact copies of anything. You cannot compare with any account like in turtles case.
For me, this was hard to bear.
Kindly Mac Stef , if you do not mind could you please share your advice. How you really make any profits and which broker you really trade with?
I use Think Markets Zero Account.
https://www.thinkmarkets.com/de/trading-platforms/account-types/
This is an upgrades Account type with less slippage. With a standard account you have about 2 pips loss. I Turtle ends up trades with 1 or 1,5 Pips profit, you loose money.
With a zero account of TM I sometimes have +2 Pips, sometimes -2 Pips, but in general I have less slippage.
Disadvantage is, that you pay a commission of 6 € per Lot, but the lower slippage brings more advantage.
Well, Turtle had 2 calm week, where no gain was possible. Better times will come.
Hi Andrea,
I’m trying to use your Expert with same settings but I’m unable to get any orders since 1 months and half. Do you use the wall street evolution or recovery?
Thanks in advance
Hello,
I use “WallStreet Recovery PRO”.
As for EURUSD with the settings published, in fact, it rarely opened.
Now I have modified them and EURUSD is opened more frequently (later I will publish the new settings).
However, as far as GBPUSD is concerned, it should have been open lately.
Try to verify that the spread is not too high and if there are errors in the log files.
Regards
Andrea Lanza
I did but neither EURUSD and GBPUSD orders where executed. Log files shows no errors. I don’t know if maybe another strategy that I receive with simpletrader can interfere with them…
Hello,
the engine behavior is slightly different from broker to broker, but if it doesn’t open there is some problem.
Usually if he tries to open and fails he writes it to the expert log file.
If necessary, try to contact wallstreet support.
Regards
Andrea Lanza
Hi Andrea, I’m still here to understand…
What I noted is that with default settings (Wall Street recovery) I get similar orders to your Turtle. The difference I found between settings is the custom pair…do you use EUR33 or EURUSD? From your fileset seems EUR33 but I’m unable to emulate your orders in this way.
Thanks in advance
Hello,
generally I use EUR33 for custom pair, but when I notice that there are very few trades, I switch to the default settings with custompair=false.
For example, in the last month I used false and now I switch again to EUR33 that is more safe and stable.
Regards
Andrea Lanza
Do xou even switch between an initial trade and a recovery trade?
Hello,
yes the system works like this and nothing has changed.
If the drawdown exceeds 150-200 pips, the recovery trade is triggered.
Regards
Andrea Lanza
hi, where can i buy the turtle eur ea from?
thanks
Hello,
the EA is “Wallstreet Recovery PRO Evolution” and you can find it here: wallstreet-forex.com
Regards
Andrea Lanza
I know.
What I meant is: Do you for example use I use EUR33 for custom pair and if a initial trade goes negative, switch to the default settings with custompair=false, to get a more safe recovery trade?
No,
the configuration always remains the same.
Custompair = True only affects the opening strategy.
Regards
Andrea Lanza
I’ve made a litte summary of Turtles last years (via costum analysis):
2016: 33,65 % (in 7 months)
2017: 34,61 %
2018: 30,14 %
2019: 15,04 %
What could be the reasons for this decreasing yearly gain?
Did you set the EA more careful?
Kind regards!
Hello,
There are cycles of greater and lesser operation, also we must add Brexit, in recent years I often and willingly blocked the GBPUSD pair (which is the most operational) to avoid excessive risks.
Another reason may be that a couple remains open for several days, in which case until the operation is closed, others are not opened.
Regards
Andrea Lanza
Thank you for your answer, Andrea!
Here is a small addition to my facts:
2016:
183 Trades (in 7 months)
30x EURUSD = 4,3 Trades per Month
64 GBPUSD = 9,1 Trades per Month
Rest other
2017:
173 Trades (12 Months)
59x EURUSD = 4,9 Trades per Month
108 GBPUSD = 9 Trades per Month
Rest other
2018:
196 Trades (12 Months)
68x EURUSD = 5,7 Trades per Month
128 GBPUSD = 10,7 Trades per Month
2019:
111 Trades (12 Months)
24x EURUSD = 2 Trades per Month
87 GBPUSD = 7,3 Trades per Month
Hello.
I purchased the EA : WallStreet Forex Robot 2.0 Evolution, could you please give me the settings you are using in order to run Turtle EUR? I want to be conservative, and I believe your settings suits me.
Thank you
Hello,
the engine is “WallStreet Recovery PRO Evolution” and you can find the latest settings here: https://www.dropbox.com/sh/k2elc6vf5n7555h/AABWIq94JwUGS4ycgBnHC3O-a?dl=0
Set AutoMM=1 if you want to be conservative.
Regards
Andrea Lanza
Did you disable the eurusd pair? In Wallstreet recovery pro I see recently trades with eurusd but in Turtle eur I see no trades with eurusd.
Hello,
no it is always enabled.
I realized that the EURUSD pair opens very few transactions, for this reason I have changed the parameters and now they are the same that fxAutomater uses.
It’s a little more risky but I couldn’t do it differently, we can expect an open trade in the next few days.
Regards
Andrea Lanza
Today 2 weeks without trade on Turtle account.
The Wallstreet demo and real account had their last trade Feb, 11th.
Calm days!
Hello,
you have to be patient.
I have modified the settings of EURUSD and currently they are the same as fxAutomater, in order to make the pair more operational.
Also, yesterday I added a new pair, AUDUSD.
The backtests have given good results and you can go and see them here: https://www.myfxbook.com/strategies/turtle-eur-audusd/212420
Regards
Andrea Lanza
Hi Andrea,
Thanks for a good trade today. I just want to share this with you.
Please continue what you are doing. There is no need to get pressured from your followers to tweak too much just to have more trades. Like they say, if it ain’t broke, don’t fix it!
I know that It’s been two weeks since the last trade and it can be frustrating for some of us your followers who wants to see more action happening. However, judging from the history and frequency of your trades, this should be expected. The profitability shows it all as well which is about 15-30% per year NOT per month like what seem most people want!
This is the problem with many traders including myself. We all want to see action and profit fast. However, I’m now beginning to outgrow this destructive emotional desire. This is also probably one of the reasons why they say 90% of trading is psychology. In fact, I intend to check my account once every end of the month only to avoid this psychological issues. Just make sure we don’t lose more than 30% in the worst case scenario (LOL!)
Thanks again and all the best!
Hello,
thank you.
I do my best to keep the account as safe as possible, even if I don’t have a magic wand.
I modified the parameters of EURUSD to make it a little more operational, in fact its operations are very few.
In addition, I added another pair, AUDUSD, the backtests gave good results.
Regards
Andrea Lanza
Hey Fernando, hey Andrea.
I am totally with you.
If I say: „…calm days“, it does not mean „change something, make it trade more often.“
Not at all. Its just sharing emotions.
We are all weak and we need the stability and „discipline“ of Turtle!
Keep going!
Hi Mac
Apologies, it is not meant to offend you or anyone. It’s just a reminder for all of us what we should expect from the system. If you read past comments you can see that some followers were asking whether the system is still alive during quiet times. It only shows we all feel the same.
You are right, we are all weak and need stability and discipline of a turtle. That’s probably the reason why the turtle won the race against the rabbit (lol). By the way, thanks for the handy analysis you posted regarding the yearly profitability and trade statistics of the system.
All the best!
Your welcome!
In the past 4 Months it joined the “Oldies” Rain Maker and Vine. They both had Drawdown-phases, as they had it in the past years several times again. I thought: “They are Oldies and they are trustworthy, so an upwards phase will follow and I m gonna join to benefit from this phase.”
The small DD phase of Rain maker turned into the biggest DD in the systems history. It seems, something totally changed at this systems.
Vine almost recovered from its DD, but then it made sevaral bad trades in a row which lead to a big Balance-Drawdown, that is untypical for Vine.
What’s the conclusion? It shows the Value of Turtle EUR again. I tried so many systems and they ALL (!!!) caused losses to me. Turtle is the only system to be successfull in my portfolio.
I really want to keep its stability. Rather slow (like a Turtle) but safe than fast but crashing!
Hi Mac
Thanks for sharing your experiences! It is really important to do some due diligence before putting hard earned money at risk. Before I invest, the first thing I want to know is if there is a stop loss in place. I also want to know the maximum percentage I could lose per trade. If these are not existing, I would stay away from it. If I am happy with the risks involved with solid back test and years of actual trading history (not just just one year!), then I will go for it!
Good luck!
Congratulations to the first successfull AUSUSD trade since 2016-09-20!
Thank you,
we hope that will be the first of a long series…
The system won on big weekend gap today. Has this kind of win ever happened before? If so, when were the last few times it occurred?
Hello,
generally I try to avoid the system working during the weekend to avoid excessive risks, but sometimes it can happen.
This time it was good.
Regards
Andrea Lanza
Hi Andrea,
Thanks for that last minute trade last Friday that resulted in a decent profitable gap.
1.) Sorry, can I ask again, when there’s a gap and it is in profit, do you let the system close the trade or do you close it manually?
2.) Also, did you ever close any open trade manually, and if yes in what situation?
Many thanks
Hello,
generally the only times I intervene manually is on Friday evening, if there is an open trade in profit.
In this case I manually close the operation to avoid excessive risks during the weekend.
If the trade is at a loss, I leave it open.
Another reason can be related to the news, if there are high risk news, sometimes I close the pair concerned (for example GBPUSD in the case of Brexit).
Regards
Andrea Lanza
Love the risk management in volatility markets, this black monday the Turtle have all the control in AUDUSD trade. Amazing! this EA survive Brexit and This times… Thanks Andrea.
ciao Andrea dove posso prendere il tuo expert advisor
grazie
Ciao,
puoi scaricare il programma qui: https://www.wallstreet-forex.com/
Il motore è “Wallstreet Recovery PRO Evolution” e sul mio blog trovi anche i backtest e i settaggi da me utilizzati.
Buona giornata
Andrea
Although we have only the 17th of March, let me say: What a great month so far!
Thast true! a perfect month with perfect trades, in perfect currencies and perfect entries!
So, this is a change in settings of the system? or is simply by the current market situation?
Hope everything is good in Italy by the way Andrea.
Regards.
Hello,
the settings are always the same, now probably there are the conditions to open a Recovery Trade.
Sorry, we hope everything goes well.
Regards
Andrea Lanza
Whe are now on a draw down of 300 pips. There should be a recovery trade.
Yes,
but the EA is waiting a better conditions.
Regards
Andrea Lanza
Hi
I have noticed that before your trades would open at each quarter interval when they open; however, lately some trades just open at random times and some got closed within a min. May I know what caused these changes?
Hello,
when the quarter of an hour starts the program tries to open, but if the spread is too high then it makes several attempts and in this case opens with a few minutes of delay, when the spread level returns below the threshold.
The short operations you saw was my mistake, sorry.
Regards
Andrea Lanza
We expierience the most profitable month of Turtle ever!
So far, December 2016 was the best month with 6,72 % and we still have a week.
Could the increased activity of the EA be a result of higher volatility due to the Corona crisis?
Yes, sure.
There is much volatility and this increase the chance to trigger open condition for the EA.
Regards
Andrea Lanza
Andrea, what do you think about the new myfxbook-layout?
I don’t like it. It provides much less possibilities of analysing.
Only the loading time for opening the account managing section is faster than before.
Dear Andrea,
I have a question its simple but I need confirm with you, in the lifetime of the Turtle EUR strategy, whats the maximum Drawdown ? Myfxbook report 15% MQL 32%. Can you confirm please.
thank you.
Hello,
both are correct.
myfxbook and mql5 use two different systems for calculating the drawdown.
On myfxbook it is 15% while on mql5 it is 32%
The old post of this user “Luca” explains this difference, I report what he wrote:
“I think this solves the issue (copied from mql5 statistics for Turtle EUR):
Relative drawdown:
By Balance: 6.56% (286.07 EUR)
By Equity: 32.78% (1 436.37 EUR)
Myfxbook quotes DD by balance and mql5 by equity. But DD by balance is what really matters, since this parameter tells about the amount of risk involved. DD by equity is about floating volatility, which is of lesser interest, imho.”
Regards
Andrea Lanza
Hi Andrea, congratulations on such a good performance, I copy you from 2018 and at the moment everything is going great. I was thinking of acquiring the WallStreet Recovery PRO robot, do you use any specific VPS service?
Hello,
yes I use this VPS service: https://tradingfxvps.com/
The server is located in London and so far I have never had a problem.
Regards
Andrea Lanza
Thanks Andrea, very kind. I had a question, in your most recent backtests and configurations you always have a configuration file called WSPRO EURUSD.set and one called WSPRO GBPUSD.set. Which of the two do you use?
Regards.
Hello,
both of them.
EURUSD.set for EURUSD pair and GBPUSD.set for GBPUSD.
The EA trade on both pair.
Regards
Andrea Lanza
You’re a nice man. I wish you continued success!
Thanks Andrea.
Kind regards
You are the man Andrea.
BIG THANKS FOR THIS MONTH! and keep improving the strategy to stay safe and steady as today!
Hello Andrea,
Are there any problems with opening of AUDUSD? There were 2 negative trades recently, opened simultaneous to other Trades.
No problem,
sometimes may happen that two pairs open simultanuosly.
In this case I manually close one of them (I must be honest, I randomly close one of them).
Regards
Andrea Lanza
Hi Andrea,
have you changed the threshold as to when the recovery trade should be opened? i’ve noticed that the current recovery trade got opened before the 145 pips threshold was reached; hence the recovery size is larger than usual at 4.5x
Hello,
yes you are right.
For AUDUSD pair the RecoveryAfter variable is set to 95 pips distance and the Multiplier is 4.5x
Regards
Andrea
Hey there!
Glad to say Hi Sir, I hope no make same question again or if you has been responded to anybody this:
With this new addition of AUDUSD engine, will have the probability of the three engines working at the same time? or if we have for example EURUSD opened as right now… GBPUSD and AUDUSD will wait to close this trade to open a new one?
Probably can we have three diferents pairs and three different trades opened at the same time or the EA respect if one trade is open, the other pairs is in a queue…
Thanks a lot.
Hello,
the engine does not handle this, when an operation is opened, I manually disable the other pairs.
It rarely happens that two couples are opened simultaneously, in this case I always provide to close one.
Regards
Andrea
Thank you for your reply. So is the multiplier for AUDUSD fixed at 4.5x? how about for GBPUSD and EURUSD?
It’s set to 3.5x for both of them.
Regards
Andrea