Hello traders,
I added to myfxbook the latest backtest that I have been made about “Turtle EUR” system.
You can find it here:
EURUSD – https://www.myfxbook.com/strategies/turtle-eur-eurusd/151841
GBPUSD – https://www.myfxbook.com/strategies/turtle-eur-gbpusd/151772
Regards
Andrea Lanza
Hello Sir Turtel EUR -ea how to download its free?
Hello,
Turtle EUR use a commercial software, his name is “WallStreet Recovery PRO Evolution” and you can find it here: https://www.wallstreet-forex.com/
Regards
Andrea Lanza
What is the difference between turtle and WallStreet Recovery PRO Evolution ?
Do you close some trades manualy ?
Do you optimize the parameter every month ?
Is the risk of Turtle lower ?
thomas
Hello,
I use WallStreet Recovery PRO Evolution for my strategy Turtle EUR and the strategy is fully automated (in a very rare circumstances I closed a few trades manually).
I don’t like to use the default settings, I think that my settings are more safer and long term profitable.
Turtle EUR is as High-Risk strategy, I don’t use stoploss but a Recovery Trade instead.
I made backtest every month to try to obtain the strategy as safe as possible.
I recommend to use the same risk level of Turtle if you want to copy my strategy and, if you have a lot of money in your account, to withdraw your earnings every month to avoid that the account increase too much.
Regards
Andrea Lanza
Whats the problem with an increasing account?
This risk of higher losses at once or any other?
You told us the maximum drawdown is limited to 25%. Lets hope due to the high safety level of your strategy such a DD will happen…lets say every 5 years. 25% is what you can compensate in one year of trading without such a Crash.
So why not increasing an account for longsterm?
I dream of getting my monthly income from Turtle in a decade of years. A possible dream or utopia?
Hello,
the problem is that many investors use a higher level of risk than Turtle EUR, for example they use the Multiplier > 1 and this makes the strategy more risky.
Moreover if you use a leverage too low this further increases the drawdown value on that account.
My recommendation is always to use the same level of risk as Turtle EUR but, for those who want to earn more quickly and take greater risks, I recommend withdrawing the gain every month so as to avoid a major loss if the strategy were to a future (I hope very far) collapse.
Regards
Andrea Lanza