Skip to content

A few notes about Turtle EUR strategy

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

Published inForex

215 Comments

  1. Mac Stef Mac Stef

    Oh, you reduced the Total Drawdown from 53% to 25%?

    Thx for the summary!

    • Andrea Lanza Andrea Lanza

      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

  2. Stefan Stefan

    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.

    • Andrea Lanza Andrea Lanza

      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

  3. Stefan Stefan

    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?

  4. Coen Dekker Coen Dekker

    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.

    • Andrea Lanza Andrea Lanza

      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

  5. Stefan Stefan

    I think Coen means to recover the 25% longterm by continuing trading after closing the bad trades.

  6. SulsMel SulsMel

    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.

    • Andrea Lanza Andrea Lanza

      Hello,
      I just created a new post where I explain how to download Backtests & Settings for Turtle EUR.

      Regards
      Andrea Lanza

  7. SulsMel SulsMel

    Thanks, Andrea, playing around with your set files.
    I’m beginning to understand the settings a little.

  8. Denny Bejan Denny Bejan

    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

    • Andrea Lanza Andrea Lanza

      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

  9. Mac Stef Mac Stef

    And after that?

    Will you do a new start with the remaining 75%

    • Andrea Lanza Andrea Lanza

      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

  10. Stefan Schöne Stefan Schöne

    Good attitude, didn’t want to stress you.
    Good performance this week so far!

    Regards!

    • Andrea Lanza Andrea Lanza

      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

  11. Ana Ana

    I’m using Turtle EUR through Myfxbook and the last trade was on the 6th of September. Did you stop running it?

    • Andrea Lanza Andrea Lanza

      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

  12. Edward Ko Edward Ko

    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

    • Andrea Lanza Andrea Lanza

      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

  13. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  14. Daniel Daniel

    can someone recommend a broker to copy your trades on myfxbook?

    • Giorgos Giorgos

      Hi,
      I use ICmarkets with no problem

      • Dan Dan

        Hi Giorgos,

        i’m also with ICmarkets. which server is your account on and do you usually get a 1s delay for your entries?

  15. Mac Stef Mac Stef

    Think Markets.
    Slippage mostly under 2 pips

    • Daniel Daniel

      do they add a mark-up to spreads? if so, what is the mark-up?

  16. John John

    I want to buy this ea, can you give me the link?

  17. Mac Stef Mac Stef

    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.

    • Andrea Lanza Andrea Lanza

      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

  18. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  19. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  20. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  21. Denny Bejan Denny Bejan

    Hi Andrea,

    What settings did you put on your back test for the ea???

    Cheers

    • Andrea Lanza Andrea Lanza

      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

  22. Mac Stef Mac Stef

    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.

  23. Denny Bejan Denny Bejan

    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

    • Andrea Lanza Andrea Lanza

      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

  24. Denny Bejan Denny Bejan

    Same settings on GBP USD and it blows out on 14/10/2014

    • Andrea Lanza Andrea Lanza

      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

  25. Denny Bejan Denny Bejan

    Hi Andrea My leverage is 1-500 on my Pepperstone account.

    Cheers

  26. Mac Stef Mac Stef

    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!?

    • Andrea Lanza Andrea Lanza

      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

  27. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  28. Denny Bejan Denny Bejan

    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??

    • Andrea Lanza Andrea Lanza

      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

  29. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      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

  30. Mac Stef Mac Stef

    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.

  31. Mac Stef Mac Stef

    Meanwhile, they all could close the EURUSD Sell, too, but much later than Turtle.

  32. Hama Hama

    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?

    • Andrea Lanza Andrea Lanza

      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

  33. Mac Stef Mac Stef

    We had some nice past days with turtle! Keep it going!

    Question:
    Did you remove Turtle EUR from Signal Start?

    • Andrea Lanza Andrea Lanza

      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

  34. Michael V Michael V

    Hi, Does your trading depend on the EA, or do you switch off the EA at times??

    Cheers

    • Andrea Lanza Andrea Lanza

      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

  35. Hama Hama

    Kindly, Could anyone suggest a broker with low Slippage , as i am losing because of it, please share, thanks so much

  36. Hama Hama

    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

    • Andrea Lanza Andrea Lanza

      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

  37. Mac Stef Mac Stef

    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.

    • Hama Hama

      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?

  38. Mac Stef Mac Stef

    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.

  39. Michele Di Gregorio Michele Di Gregorio

    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

    • Andrea Lanza Andrea Lanza

      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

      • Michele Michele

        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…

        • Andrea Lanza Andrea Lanza

          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

          • Michele Michele

            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

          • Andrea Lanza Andrea Lanza

            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

  40. Mac Stef Mac Stef

    Do xou even switch between an initial trade and a recovery trade?

    • Andrea Lanza Andrea Lanza

      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

      • Nikesh Patel Nikesh Patel

        hi, where can i buy the turtle eur ea from?

        thanks

        • Andrea Lanza Andrea Lanza

          Hello,
          the EA is “Wallstreet Recovery PRO Evolution” and you can find it here: wallstreet-forex.com

          Regards
          Andrea Lanza

  41. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      No,
      the configuration always remains the same.
      Custompair = True only affects the opening strategy.

      Regards
      Andrea Lanza

  42. Mac Stef Mac Stef

    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!

    • Andrea Lanza Andrea Lanza

      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

  43. Mac Stef Mac Stef

    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

  44. John John

    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

  45. Coen Coen

    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.

    • Andrea Lanza Andrea Lanza

      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

  46. Mac Stef Mac Stef

    Today 2 weeks without trade on Turtle account.
    The Wallstreet demo and real account had their last trade Feb, 11th.
    Calm days!

    • Andrea Lanza Andrea Lanza

      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

  47. Fernando I. Fernando I.

    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!

    • Andrea Lanza Andrea Lanza

      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

  48. Mac Stef Mac Stef

    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!

    • Fernando I. Fernando I.

      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!

  49. Mac Stef Mac Stef

    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!

    • Fernando I. Fernando I.

      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!

  50. Mac Stef Mac Stef

    Congratulations to the first successfull AUSUSD trade since 2016-09-20!

    • Andrea Lanza Andrea Lanza

      Thank you,
      we hope that will be the first of a long series…

  51. Daniel Daniel

    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?

    • Andrea Lanza Andrea Lanza

      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

  52. Fernando I. Fernando I.

    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

    • Andrea Lanza Andrea Lanza

      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

  53. Victor Ramirez Victor Ramirez

    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.

  54. luca luca

    ciao Andrea dove posso prendere il tuo expert advisor

    grazie

    • Andrea Lanza Andrea Lanza

      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

  55. Mac Stef Mac Stef

    Although we have only the 17th of March, let me say: What a great month so far!

    • Victor Ramirez Victor Ramirez

      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.

      • Andrea Lanza Andrea Lanza

        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

  56. Coen Coen

    Whe are now on a draw down of 300 pips. There should be a recovery trade.

    • Andrea Lanza Andrea Lanza

      Yes,
      but the EA is waiting a better conditions.

      Regards
      Andrea Lanza

  57. Dan Dan

    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?

    • Andrea Lanza Andrea Lanza

      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

  58. Mac Stef Mac Stef

    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?

    • Andrea Lanza Andrea Lanza

      Yes, sure.
      There is much volatility and this increase the chance to trigger open condition for the EA.

      Regards
      Andrea Lanza

  59. Mac Stef Mac Stef

    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.

  60. Victor Ramirez Victor Ramirez

    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.

    • Andrea Lanza Andrea Lanza

      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

  61. Ricardo Yepez Ricardo Yepez

    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?

    • Andrea Lanza Andrea Lanza

      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

      • Ricardo Yepez Ricardo Yepez

        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.

        • Andrea Lanza Andrea Lanza

          Hello,
          both of them.
          EURUSD.set for EURUSD pair and GBPUSD.set for GBPUSD.
          The EA trade on both pair.

          Regards
          Andrea Lanza

  62. Fernando I. Fernando I.

    You’re a nice man. I wish you continued success!

    Thanks Andrea.

    Kind regards

  63. Victor Ramirez Victor Ramirez

    You are the man Andrea.

    BIG THANKS FOR THIS MONTH! and keep improving the strategy to stay safe and steady as today!

  64. Mac Stef Mac Stef

    Hello Andrea,

    Are there any problems with opening of AUDUSD? There were 2 negative trades recently, opened simultaneous to other Trades.

    • Andrea Lanza Andrea Lanza

      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

  65. Dan Dan

    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

    • Andrea Lanza Andrea Lanza

      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

      • Victor Ramirez Victor Ramirez

        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.

        • Andrea Lanza Andrea Lanza

          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

  66. Dan Dan

    Thank you for your reply. So is the multiplier for AUDUSD fixed at 4.5x? how about for GBPUSD and EURUSD?

    • Andrea Lanza Andrea Lanza

      It’s set to 3.5x for both of them.

      Regards
      Andrea

      • Dan Dan

        hi Andrea

        has the multiplier been changed recently? currently GPBUSD is 4x

        • Andrea Lanza Andrea Lanza

          Yes, actually is 4x for GBPUSD.

          Regards
          Andrea

          • Dan Dan

            okay, and is it still 3.5x for EURUSD?

          • Andrea Lanza Andrea Lanza

            Yes,
            for EURUSD is 3.5x

            Regards
            Andrea

  67. Chan Chan

    Hello Andrea,
    May I ask if the 2nd trade is triggered and if it continue to move against your favour, would it be closed with the same number of pips like the first trade had triggered on the 2nd? By the way, appreciate the effort you have worked on this robot

    thanks

    • Andrea Lanza Andrea Lanza

      Hello,
      sorry but we don’t have a second chance.
      If also the recovery trade fail, the only possibility is to close manually both trades if the drawdown drop too much.

      Regards
      Andrea

  68. Larry Larry

    How and where can I buy this EA?

    • Andrea Lanza Andrea Lanza

      Hello,
      the EA is available at Wallstreet website: wallstreet-forex.com

      Regards
      Andrea

  69. Mac Stef Mac Stef

    What a good profit today!

  70. Jonathan Jonathan

    I was wondering if you could send a live account statement to ascension.fitness@hotmail.com? I know there are live stats on myfx book but I would like to view it as a report directly from Mt4?

    Thanks

    • Andrea Lanza Andrea Lanza

      Hello,
      I send the statement to your email.

      Regards
      Andrea

  71. Jonathan Jonathan

    Hi Andrea,

    ascension.fitness@hotmail.com is the email, still haven’t received, please let me know ocne you have sent it thanks 🙂 Happy Trading

      • Andrea Lanza Andrea Lanza

        Hello,
        I have now received a non-delivery email, but the email address has been entered correctly.

        Regards
        Andrea

        • Jonathan Jonathan

          Hi Andrea please try sending it to ascension.fx@hotmail.com maybe this will work Thank you. Please let me know how you go.

          • Andrea Lanza Andrea Lanza

            Hello,
            I just send it.

            Regards
            Andrea

  72. Bill Bill

    What is your suggestion about the month fee compare with myfxbook and signalstart?
    I want to ask as below,
    Signalstart fee is 25$/month and if turtle eur fee is 49$ so one month fee is 25+49=74$
    But if i use 1000usd to earn 5% will have
    1000*5%=50$/month

    So my net money earn =50-74=-24$
    So your suggestion how many minimum investment money can use signalstart and how many mini money can use myfxbook? Very hope your reply, thanks.

    • Andrea Lanza Andrea Lanza

      Hello,
      looking at myfxbook statistics, i think Turtle’s average monthly earnings can be around 2%, in some months he earns more and others less.
      Assuming that you sign up for Turtle USD (the exact same strategy as Turtle EUR) with a monthly commission of $ 30 / month, you would have an expense of 25 + 30 = $ 55 / month.
      With this expense, I believe you need at least $ 3,000 in your account to recover your losses.
      If there are even more then it is even better, in this case you would be gaining.
      As for myfxbook, I am not sure how much my copiers’ fees are but i think myfxbook gets some money by subtracting at least a couple of pips from the user trade.
      For example, if Turtle earns 10 pips, copying it with myfxbook you would earn no more than 8 pip, but I would not be able to say it precisely.
      Not having a monthly commission myfxbook earns in this way, so I think it is indifferent to have a little or a lot of money in the account.
      If I’m wrong, correct me …

      Regards
      Andrea

  73. Bill Bill

    Hi andrew,
    Thanks your detail reply as up item.
    I live in asia country-Taiwan, so our broker forex leverage be limited only have 1:30, not 1:500. So if i buy your turtle robo software, turtle can run 1:30 mt5 system?(not mt4)
    And your software Instructions can support chinese language? Thanks pls rely.

    • Andrea Lanza Andrea Lanza

      Hello,
      the software is not mine, you should ask the robot programmers (fxautomater.com) but I think the only supported language is English.
      The EA that I use for Turtle does not support MT5, but only MT4.
      Theoretically lever 1:30 can be used, but I strongly advise against it.
      Due to a possible recovery trade, the drawdown could be excessive and with too low leverage your account would be short-lived.
      I recommend at least 1:100, but 1:500 would be much better.

      Regards
      Andrea

  74. Mac Stef Mac Stef

    You can find it in the myfxbook support area (Frequently asked Questions):
    —————-
    AutoTrade providers earn 0.5 pips per a winning trade. Let’s check the following scenario:

    You have 250 subscribers.
    You make on average 100 trades per month.
    65% of your trades are profitable.
    Total volume of all subscribers is 80 mini lots.
    Value of 0.5 pip is $5.
    Your income is: 80*0.65*100*5=$26,000
    ————-
    So myfxbook is for small investors, signal start for bigger ones.

    I made statistic for complete 2020. I have a think markets zero account and have average 6-7% Slippage, about 0,7 pips. Sometimes i earn more pips, mostly less. I did not take recovery trades into account.
    Andrea, I can send this excel-file to you, if you want.

  75. Joghen Joghen

    Hi. Im new to this thread. I just need to understand the difference of turtle EUR and wallstreet evolution EA. are you saying that its the same?

    • Andrea Lanza Andrea Lanza

      Hello,
      no there are big differences.
      WallStreet Evolution acts as a normal strategy with StopLoss and it’s a low risk strategy.
      WallStreet Recovery PRO (Turtle EUR) is a high risk strategy because there isn’t a stoploss, a recovery trade will be open instead.
      This is a portion of text extrapolated from the manual:
      “WallStreet Recovery PRO is a modified version of Wall Street 2.0 Evolution. The EA trades the same way as the regular version does. The difference is in the way the opened trades are being managed. There are also few differences in the settings.
      The principle of operation is the following – if the initial trade is not closed from the EA’s trading logic and the price moves away with X pips loss, then the robot opens one (or more, depending on the currency pair) additional trade with a larger lot size. This way, the robot manages to compensate the loss from the initial trade and all trades are closed on overall profit.”

      Regards
      Andrea

  76. Bill Bill

    Hi Andrew,
    I compare with Wall Street 2.0 Evolution and WallStreet Recovery PRO, i find the gain&win% of Recovery PRO is best than 2.0 Evolution, and drawdown of Recovery is lower than 2.0 Evolution, so i’m confuse.
    In myfxbook chart, Recovery profit curve is very smooth and straight, 2.0 Evolution profit curve is wave up and down, why 2.0 Evolution is main product, not Recovery??
    No wonder you didn’t buy 2.0 Evolution, What is your suggestion? thanks

    • Andrea Lanza Andrea Lanza

      Hello,
      Wallstreet Evolution is a safer strategy with some months in profit and some months in loss, because the stoploss is hit several times.
      Recovery PRO always close in profit, every months will be in profit but with higher risk due to the recovery trade.
      With the recovery trade open, if the signal don’t retrace quickly, a huge drawdown may occour and we don’t have a second chance.
      I think that Wallstreet Evolution is suitable for larger account, Recovery PRO for smaller account instead.
      If you have a big account with Recovery PRO I recommend to withdraw the earnings every months.

      Regards
      Andrea

  77. Bill Bill

    Hi Andrew,
    I have a question, pls help me to check.
    I follow your turtle in myfx, the myfx have two function, one is close trade in ?% drawdown, the other is close trade in ?% net money.
    So if eveytime i setup when high 10% drawdown,the trade will be closed, the matin sys will not happen, although win% will down to 90%.
    Due to no matin happen, i can happy to add muiltiper(x2 ,x3), the gain will double or triple.
    My idea if it’s ok? Pls give me your suggestion, thank.

    • Andrea Lanza Andrea Lanza

      Hello,
      if I understand the question correctly, before the recovery trade is opened, do you close the trade in loss right?
      But in doing so the strategy changes completely, and to recover the loss it will take several gain operations and, in my opinion, the strategy would no longer work.
      Also if you use a 2x or 3x multiplier it is true that gains increase, but losses also increase.

      Regards
      Andrea

  78. Mac Stef Mac Stef

    But Turtle is suitable for biag accounts because of your Plan to close all trades when DD reaches 25%, right?

    • Andrea Lanza Andrea Lanza

      Hello,
      yes it is true, but it is something that I have to do manually and it still involves risks.
      Unfortunately this is an operation that the engine does not support.

      Regards
      Andrea

  79. Mac Stef Mac Stef

    Hello Bill,
    here is what I do:
    I have a safety account with multiplier 1,1 instead of 1,0 to compensate slippage. On that account the main part of my investment is deposited. If Turtle suffers a DD of 25% or (if Andrea isnt fast enough) 30 %, much of my investment is safe (70%).

    Additionally I have a second account. If Turtle has a DD of 0,5 %, what happens some times per month, I activate Turtle on that second account with multiplier 3,2. If the trade recovers and ends up with +-0, I have a gain of 0,5*3,2%=1,6 %.
    Why Multiplier 3,2? because if Turtle “crashes” with 30%, I have 30*3,2=96% DD=Loss. My Account is almost completely lost, but it will never crash, before Andrea closes 30%-DD-Trades manually.
    In this way I have a good compomise between the assumption, that the crash will occur soon or in far future.

    A high risk account supports a low risk account, that keeps the money safe.

  80. Bill Bill

    Hi Andrew,
    Thanks for your open mind to share your recovery setting value for us, your knowhow is so precious.
    I look at your setting: broker Stealth mode is true, the setting can help increase gain? Can you compare false and true? Thanks.
    And you say open two pair at the same time, if one pair open trade, the other pair will be closed use hand, but if you sleep in evening, how can you to close? Thanks.
    You like recoery robo, in the past long time, do you try many robo(ex. forex fury…)?

    • Andrea Lanza Andrea Lanza

      Hello,
      Stealth Mode simply mean that the StopLoss and take Profit are hidden to the broker and they are not manage by MT4 but only internally to the engine.
      The strategy and the Profit/Loss remain the same.
      If I’m sleeping, the not involved pair remain open sorry, I close it when I wake up in the morning (after the coffee obviously)…
      I don’t have much experience with other engine sorry, I’m focused on Wallstreet Recovery PRO at the moment.

      Regards
      Andrea Lanza

  81. FRANCESCO FRANCESCO

    Buonasera,
    sono venuto a conoscenza del Suo nominativo attraveso mql5.com
    sono un investitore privato e vorrei ove fosse possibile parlare con lei
    per potere investire attraverso i suoi sistemi di trading.

    • Andrea Lanza Andrea Lanza

      Salve,
      può scrivermi per posta, trova l’indirizzo in alto a sinistra del blog.
      Comunque in genere collaboro solamente con fornitori di segnali o con forex broker, non gestico direttamente i conti altrui per evitare qualunque responsabilità.

      Saluti
      Andrea

  82. Bill Bill

    Hi Andrew,
    I find your set April 2020 have eurusd, gbp/usd, aud/usd, but no usd/jpy. You not to trade usd/jpy, right? I find the win% of usd/jpy is good. Why don’t you add usd/jpy to your option?
    pls reply, thanks.

    • Andrea Lanza Andrea Lanza

      Hello,
      so far all the backtests made with usdjpy have never satisfied me.
      However now that you reminded me, I will try to perform other backtests, changing some parameters, maybe reducing the risk level to 1% I can also insert it in the account, we will see …

      Regards
      Andrea

  83. Tim Feeney Tim Feeney

    Hi Andrea

    I noticed your Myfxbook account has not updated since June 12th.

    • Andrea Lanza Andrea Lanza

      Hello,
      yes you are right.
      I noticed that Turtle EUR was not updated on myfxbook, now I have updated it manually and it seems to work.
      Thanks for the report, we hope it’s a temporary myfxbook problem.

      Regards
      Andrea

      • Tim Feeney Tim Feeney

        Thanks Andrea

        You are a very reliable trader, keep up the great work

        • Andrea Lanza Andrea Lanza

          Hello,
          thank you all, I hope not to disappoint you also in the future.

          Regards
          Andrea

  84. Tim Feeney Tim Feeney

    Hi Andrea

    I notice your broker is Alpari. RU. Is this so that you can have 500.1 leverage?

    I currently use ICMarkets, and copy you via Fxautotrade and I also have 500.1 leverage but I notice that I sometimes get quite a lot of slippage, over 4 pips sometimes which can often give me a considerable loss when your account has made a profit.

    Do you think moving my broker to Alpari. RU will help prevent such a large amount of slippage or maybe there is a more efficiently trade copy method that you can recommend

    Sorry for so many questions but I would greatly value your opinion

    Many thanks
    Tim

    • Andrea Lanza Andrea Lanza

      Hello,
      I think that even if you switch brokers it doesn’t solve the problem, because that difference of slippage you see is due to the fact that it is myfxbook itself that applies it.
      Since myfxbook does not charge a monthly fee, this is how myfxbook makes its money.
      Furthermore Alpari RU is not a broker supported by myfxbook.
      You could use signalstart.com, here you pay a monthly fee but you shouldn’t have slippage problems.
      If you have the possibility to open an account with Alpari RU, then you could use the PAMM system (https://alpari.com/en/invest/pamm/364838/#pamm-return).

      Regards
      Andrea

      • Tim Feeney Tim Feeney

        Thanks Andrea, very much apreciated, I will investigate this as the slippage can make quite a difference to profit.

      • Tim Feeney Tim Feeney

        Hi Andrea

        Regarding the trade that closed this morning. The positive side of the trade, for me, closed with 11.6 pips less profit than your trade (the negative side was almost exactly the same as yours). 11.6 is a significant difference and therefore resulted in a substantial loss for me (my trade size was 8.43). I know that you said Fxautotrade makes its profit from spread but 11.6 seems very excessive. I am still looking to move my account to avoid this issue but todays amount of slippage was so great I’m not convinced that moving to signal start will solve the problem. What are your thoughts.

        Many thanks

        Tim

        • Andrea Lanza Andrea Lanza

          Hello,
          this morning was a rather special case, it is the first time that Turtle also closes the overall profit at a loss.
          At that time there was a lot of volatility and unfortunately a slight delay was enough to make us lose some profit.
          However this morning was certainly an exception, generally the difference in pips between my account and those who follow me with myfxbook is much less.

          Regards
          Andrea

          • Tim Feeney Tim Feeney

            Hi Andrea

            Thank you as always for help and fast response.

            This is not an exception for me, this usually happens to my account when a second trade has opened. The large amount of slippage is causing a large loss in these cases even if your account has made a small profit or small loss. Obviously I am looking to greatly reduce this loss. Maybe I will have to open different accounts and use a trial an error process to find the best solution.
            Have any of your other subscribers experienced this issue.

          • Victor Ramirez Victor Ramirez

            Thanks for the feedback Andrea,

            Same situation for me copying by MyFxBook autotrade system, but Its Ok, We have a lot of months in profit, is not to concern.

            In this cases Im copying x0.5 and then when the first trade is over -100 pips increase my multiplier to x0.7 or X1 to reduce this differences, so many time I take a huge profit in the recovery trade by the way, probably work for the rest of the community, Im so conservative, Im fine with 2% , 3% montlhy.

            Thank you very much sir.

            kind regards,

    • Dan Dan

      Hi Tim,

      i’m also with ICmarkets. which server is your account on and do you usually get a 1s delay for your entries?

      • Tim Feeney Tim Feeney

        Hi Dan

        The server is ICMarkets-Live02. I have no idea if there is a delay, I’m not sure how I would even know that.

        • Dan Dan

          Hi Tim,

          Do your trades usually get opened at 00 second or 01 second? if the former then there is no delay

          • Tim Feeney Tim Feeney

            Hi Dan can you tell me where I would find that information.

            Cheers

            Tim

          • Dan Dan

            Hi Tim,

            Just take a look at the timestamps of your trades.

  85. Tim Feeney Tim Feeney

    Sorry Andrea one more question. I see your system is available on MQL5, this would be good for me as I like using MT4 platform. Would this system avoid slippage as this is also monthly subscription.

    Many thanks
    Tim

    • Andrea Lanza Andrea Lanza

      Hello,
      yes is similar to signalstart, but with mql5 you must always have your mt4 open and it must run on vps always power on.
      With signalstart I think that you can set and forget.

      Regards
      Andrea

      • Tim Feeney Tim Feeney

        Brilliant, thanks Andrea, I have a very reliable vps

  86. Mac Stef Mac Stef

    Did something go wrong with the close-price if the recovery trade today?
    The demo and the real account of Wallstreet closed with profit, but Turtle closed not even nearly with plus/minus 0. The exits seem to be triggered to early.

    • Andrea Lanza Andrea Lanza

      Hello,
      yes I also compared my signal with those of fxAutomater.
      At the time of the closing of both trades there was a lot of volatility and a few seconds between the closings made the difference.
      In addition, the recovery trade had a lot 4 times higher and a slight retracement of the signal resulted in several euros of loss.
      Unfortunately it can happen, I’m sorry.

      Regards
      Andrea

      • Tim Feeney Tim Feeney

        No need to be sorry Andrea, we know its not your fault.

        I just need to find a way to reduce the amount of slippage because I am getting losses quite often. For some reason the slippage always seems negative and not positive. maybe that’s just bad luck.

        I will let you know if I find a more successful way

        • Victor Ramirez Victor Ramirez

          Hi Tim,
          In my case to avoid this type of events, I´m Copying only X0.5 or x0.7 and then if the recovery trade going to -100 pips just increase my multiplier to X1. In this case I reduce a lote of losses in slippage and a huge of opportunities make a profits in recovery trade.
          The unique wrong whith this is Im taking I think just 70% of the profits of the total by the end of the month, if the Turtle EUR signal make 10% I´m just taking 7% by the way. But for me it´s ok.
          Hope this help
          regards,
          Regards,

          • Tim Feeney Tim Feeney

            Hi Victor

            Thanks for that information.

            What platform are you using for your copying

            Cheers
            Tim

  87. Mac Stef Mac Stef

    It’s a pitty, but you don’t have to be sorry.
    Further profits will follow later.

  88. Tim Feeney Tim Feeney

    Hi Andrea

    I noticed that your Myfxbook hasn’t updated again

  89. Victor Ramirez Victor Ramirez

    Hi Tim…
    Currently using Myfxbook Autotrade.
    Regards,

  90. Bill Bill

    Hi Andrew,
    i want to ask a question as below,
    1.When a loss of about 150 pip, it open a recovery trade 4x lot size.
    => If loss 150/2=75 pip, it open a recovery trade 2x lot size, then we can open two trades to reduce risk, what about this idea?
    2. If recovery software buy EURUSD then loss about 150/2=75 pip, why don’t we open a recovery trade in the wrong direction, just keep sell EURUSD every loss 25 pip, we can open three trades to sell/per 25pip.
    what about this idea?

    • Andrea Lanza Andrea Lanza

      Hello,
      the strategy is optimized to work as it has done so far.
      The engine does not plan to open several position in opposite direction, this grid system is not contemplated and however it would totally change the strategy.
      I have tested other engines that used this system, but so far I have not had good results.

      Regards
      Andrea

    • Victor Ramirez Victor Ramirez

      Hi Bill,

      I think we are confortable with this configuration, being profitable for a long time, just be patient like Andrea said, your idea sounds good, the same developers of the Recovery Pro create a new one called Grid Pro, I´m testing with good results, but in my backtest the DD from 2009 to 2020 is around 50% as minimum in default settings, you can find more information in the developer myfxbook (wallstreet guys) find the web on the top of this topic page.
      This is My backtest of GridMasterPro: https://www.myfxbook.com/strategies/gridmasterpro-10-a%C3%B1os-1000-default/252218

      In terms of Turtle EUR, I think Andrea really do a great job with this configuration as well. Long life for Turtle EUR Love it!

      kind regards,
      Victor Ramirez.

  91. Chan Chan

    Hi Andrea,
    the current GBPUSD pair looks shaky…pardon me if I ask are the indicators on your side still favourable? Somehow it tally with the bullish stock market and USD is weakening .

    thanks very much!

    • Andrea Lanza Andrea Lanza

      hello,
      please be patient.
      The strategy has been tested for a long time and will be able to close in profit once again.

      Regards
      Andrea

  92. Mac Stef Mac Stef

    Keep it going as we learned to love it‘

  93. Ahmed Ahmed

    Hello andrea

    I have been using recovery for quiet some time. One recovery trade is not enough. Right now you are betting that gbpusd will go back beliw 1.24 so it can close in positive. Just to let you the talk about the brexit is starting and any good news it will bring gbpusd above 1.26 easily. Anyway that was just my recommendation. Currency doesn’t always move in a range

  94. Coen Dekker Coen Dekker

    Is there a big chance that gbpusd will not going back to 1,244?

    • Victor Ramirez Victor Ramirez

      Hi Coen,

      In my personal analisys the pound in correlation with others pairs like NZD, JPY, CHF and AUD looks very strong, after go down for days and touch bottom prices in these pairs. Is a good time for look buys. But with our current situation in terms of GBPUSD dont look like that pairs, USD after weaks weeks is showing more strong than de pound, now at 1.2600 is a new high and figthing with the 100% of fibo retracement, Is probably broke that point and try to find new highs,the max point I think the pound could rise is 1.2686 is the daily line.

      Probably there we will see a nice rebound. In our betst scenary the pound cant broke the 1.2600 psycological number and finally come down for the 61% 1.2425 and 38% of Fibo 1.2385 in that point is the most favorable for us, Because the Breakeven point of the Turtle is around 1.2430 – 1.2420 all depends.

      So, if no accur anything what the people spected and the GBPUSD look for more highs I think Andrea have a hard stop limit in 30% of DD in our accounts.

      If you want to see what Im seeying shared my analisys here. https://www.tradingview.com/chart/t9vJtCEV/

      Kind regards,
      VR

  95. Mac Stef Mac Stef

    Phases like this occured already before. The Drawdown of Turtle never reached 25%.
    But of course this does not mean, it doesn’t do this or next time.

    These phases require nerves of steel, especially for those who have bigger accounts and a risk multyplier higher than 1 🙂
    I do have, but I am aware of the risk.

    What really annoys me is that the Swap GBPUSD Sell is negative these days. Some weeks ago it was positive…

  96. Bill Bill

    Hi,
    we must wait gbpusd to down 1.24 for a long time, maybe the system loss set 1000 is bad. But if you close trade right now, we will loss a lot of money.
    So we can’t do anything now, hope a good news this week. This issue happan, we will learn to reduce our MM, MM best down to 1.
    Ver so sad a week. Hope we are can earn this trade.

  97. john john

    this isnt looking good for GBPUSD?

    • Andrea Lanza Andrea Lanza

      Hello,
      we can’t do anything now, we can only wait in a signal retracement.

      Regards
      Andrea

  98. TK TK

    Like many of folks the REC trade has been in effect, in my case at 1.2433, not 1.2470. 30+pips difference looks something. Is anyone whose positions same to mine?
    I know this difference is resulted by variables like broker and so on, but now I wonder if there’s still any chance of exiting without losing.

    • Victor Ramirez Victor Ramirez

      The only chance we are fine is respecting the 1.2628/30 is our last chance to dont see the pair going for more highs, that’s because the DXY (Dollar index) is showing a tiny wick and rebound in 96.47 respecting the daily supports, that’s probably a good thing if looks for the 97.00. This will directly affect our trade in correlation with our two bounces on April 14th and 30th the pair make, these two big bounces in the same zone back 400 and 500 pips respectively. If we have luck (BIG LUCK) the GBPUSD now will do the same price action, we are safe only with 200 pips retracement.

      So In my case I have my Stop Loss in 1.2700 (Hope don’t touch this, fingers crossed) Just in case if you have the patience and can see your DD increase a little more you can wait this, if not! please be safe and cover your positions as soon as possible if the 1.2630 zone has new highs. But of course it is my personal recommendation, I’m not the official voice of the Turtle Eur. XD

      The Turtle EUR system is really consistent, if you look at the backtest the probability of these things happening in ten years is one or two times! For that you need to assume the DD mark, remember if we are copying the system it probably reached the 30% of DD and finally the system recovered. 

      This particular year, in MQL5 the best signal provider in this community is going down with 60% and 80% of Drawdown (BlackWave Signals – by Gary Comey) I said particular because his system is based in grid method and the probability of this happening in 5 years or more in history was one time!  

      I think if Andrea works finding a secure strategy with a SL defined, he is creating the best intelligent system of trading ever.

      We will learn a lot of this situation!

      Kind Regards,
      VR.

  99. Coen Dekker Coen Dekker

    I have already closed the trades on 7 July on 1,24991. I accepted the loss. Still I have big profit. There is a chance possibility that there will not be a retracement. But that does not mean that you have to stop with trading. WallStreet Recovery Pro 2.0 Evolution does also not stop. It opens still trades long on gbp usd. I want to encourage you to make a new start in case of a bad scenario. Investors can choose to close the current trades the same as I did or wait for a the retracement. Investeros can also choose to follow the new Turtle eur with the new start. The best traders and signalproviders also loose sometimes. You cannot always win. That is part of the forexbusiness. Does that mean that you have to stop? I think no. So please even in the worse scenario make a new start. Do not stop trading and being a signalprovider for investors to give them an opportunity to make profit. I would be very dissapointed if Turtle eur stops. Thanks in advance. I hope it will not be necassary and that there will be a recovery.

  100. Peter Peter

    I had a multiplier of 4 (that wasn’t smart, lesson learnt) and am about to get below required margin.
    What would you recommend doing to minimise losses? Close one of the trades? Put more money in? Open a new trade? Thanks

  101. Jonathan Michaels Jonathan Michaels

    My multiplier is on 3 🙁

Leave a Reply to Ricardo Yepez Cancel reply

Your email address will not be published. Required fields are marked *