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34 Comments

  1. Dan Dan

    hi

    may I know how the size of each trade is determined?

    Thanks
    Dan

    • Andrea Lanza Andrea Lanza

      Hello,
      I use an Expert Advisor and the Auto Money Management system is set to 2%
      Here I reported the explanation retrieved from the EA user guide:

      AutoMM: automatic risk management activates at values greater than zero:
      – Example 1: at AutoMM = 2, the EA opens positions equal to 0.2 lots (20,000) given account extent of 10,000. This places 2 percent of the account extent at risk per individual transaction at a loss of 100 pips.
      – Example 2: at AutoMM = 10, the EA opens positions equal to 1 lot (100,000) given account extent of 10,000. This places 10 percent of the account extent at risk per individual transaction at a loss of 100 pips.

      Regards
      Andrea Lanza

      • Dan Dan

        thanks for your reply. when you said ‘accoutn extent’, is that ‘account balance’ or is it ‘account equity’?

        • Andrea Lanza Andrea Lanza

          It refers as a percentage of free margin.

          Regards
          Andrea lanza

  2. Mac Stef Mac Stef

    Thx for publishing!

    The succes quotes are stunning. I keep my fingers crossed for it working as predicted and backtested

  3. Leon Leon

    Hi I am going to invest through Myfxbook and just wondered about stop losses. I’ve been following you for a few months on demo and see it’s always a 1200 pip stop loss is this the same on live ?

    • Andrea Lanza Andrea Lanza

      Hello,
      the StopLoss is hidden to the broker and it’s about 150-200 pips.
      When StopLoss is reached (about 2% of total trades), it open a recovery trade in the same direction of the initial trade with a higher lot size (from
      3x to 6x depend which pair is involved).
      This way, thanks to small movements towards the right direction the strategy closes all trades in overall profit.

      Regards
      Andrea Lanza

      • Ac Ac

        Hi thanks for the system. What happens if the price keeps going against the trade after the size is increased? Where do you close it? And has this ever happened? Thanks,

        • Andrea Lanza Andrea Lanza

          Hello,
          if the recovery trade fail (never happened before) the two trades will be close manually when the drawdown will be at 25-30% of the whole account.
          In more than 2 years of real trading, the drawdown is about 7%

          Regards
          Andrea Lanza

  4. Mario Mario

    Congrats for your Turtle signal…..one of the most consistent on mql and fxbook. I would like to subscribe to TurtleEur on mql ( too much slippage on autotrade) but the signal is not open to subscription due to a leverage exceeding 500. Any plans to reduce leverage below 500? Also what is the difference between mql signals Topo Eur, Darwin Eur and Turtle Eur? Thanks.

    • Andrea Lanza Andrea Lanza

      Hello,
      this three signals on MQL5 use the same identical strategy (Darwin EUR is a little more risky, 3% AutoMM instead of 2% AutoMM).
      Darwin EUR use Darwinex Broker with a leverage of 1:200 and the monthly income is a little bit high, Topo EUR use fxOpen Broker with a leverage of 1:500
      The differences are different broker with different leverage and different initial deposit, you can choose the one you prefer instead of Turtle EUR.

      Regards
      Andrea Lanza

  5. Mario Mario

    Thanks for your comments. In the meantime I have subscribed to Topo EUR on mql 5.

  6. Greg Croot Greg Croot

    Is there a reason the Back tests have been removed??

    Cheers
    Greg

    • Andrea Lanza Andrea Lanza

      Hello,
      the links are renamed every month, sorry but I forgot to update it.
      Now works.

      Regards
      Andrea Lanza

  7. Giorgos Giorgos

    Hi Andrea, I can’t find the mql5 signal…any problem with the link?

    Thanks

    • Andrea Lanza Andrea Lanza

      Hello,
      I removed it because of subscription to signals with a leverage exceeding 1:500 is not permitted.
      However you can safely go to the MQL5 website and search for “Turtle EUR” to view my signal.

      Regards
      Andrea Lanza

  8. Giorgos Giorgos

    Hi Andrea,
    What timeframe do you use?

    Thanks

    • Andrea Lanza Andrea Lanza

      All my signals use M15 timeframe.

      Regards
      Andrea Lanza

  9. Giorgos Giorgos

    Hi Andrea,
    I follow you with Myfxbook Autotrade, It’s been a non tradind activity for the past 2 weeks, any particular reason apart from ..trading conditions?

    Thanks
    Giorgos

    • Andrea Lanza Andrea Lanza

      Hello, the strategy is working properly.
      Unfortunately you have to wait. It takes patience, the EA is waiting for a good entry condition, sorry.

      Regards
      Andrea Lanza

  10. Mario Mario

    I totally agree. Always “better safe than sorry” approach is a key rule, above all with very risky markets like Forex.
    Mario

  11. Giorgos Giorgos

    Hi Andrea ,
    Where can I see your recovery performance with x3 risk?

    Thanks

  12. Mac Stef Mac Stef

    If you want to backtest with 3x higher Lotsizes than Turtle, you have to buy the EA and perform the backtest with Metatrader. You will get a guide when you buy the EA.

  13. Fergal Tully Fergal Tully

    Hi is your EA available for purchase?

    • Andrea Lanza Andrea Lanza

      Hello,
      I use a commercial engine, its name is “WallStreet Recovery PRO Evolution” and you can find it here: https://www.wallstreet-forex.com/

      Regards
      Andrea Lanza

  14. Ahmed Ahmed

    Hello

    Are you using the latest version of recovery? because I imported your setting and it’s not opening the same trade as you

    • Andrea Lanza Andrea Lanza

      Hello,
      if you are using a broker other than Alpari it is possible that sometimes the transactions do not coincide, or open at different times.
      Soon I will make new backtests which I will then publish on the blog.
      However, even if the settings are different, the behavior of the strategy remains almost unchanged, so it is not a problem.

      Regards
      Andrea Lanza

  15. el el

    Hi,

    I would like to use your EA, but having monthly a higher profit. How can I do it? I think I should you use a higher leverage.

    I can see on the PAMM account that you have a bad drawdown on the first half of January 2019. Anyway, I cannot find correspondent results on the list of trades on myfxbook.

    • Andrea Lanza Andrea Lanza

      Hello,
      as you correctly said, a nice drawdown was achieved in January.
      For this reason, if you wish to have more profit, you must necessarily use a very high leverage (Turtle EUR uses a leverage of 1:1000) otherwise you risk not having sufficient margin if the recovery trade does not quickly retrace.
      I’m not sure what parameters myfxbook uses to calculate the drawdown, but I think the values you can read here https://www.mql5.com/en/signals/195585 are more correct.

      Regards
      Andrea Lanza

  16. Mac Stef Mac Stef

    @ el:

    In the first half of jan, there has been an equity-drawdown due to an open Trade (opened jan, 3rd, closes jan, 15th) and its recovery trade (opened jan, 4th, closed jan, 15th). These two trades went negative and reduced the equity down to 23,6 % of the balance value (=drawdown phase), as given in the mql5 link by andrea.

    There is one displaying problem at myfxbook:
    Myfxbook does not add new data points continously during open trade phases. I m not sure, but I think, it adds only new data points, when trades are opened or closed, which does not happen during drawdown phases at turtle, because he has only one trade at the same time running, respective one trade and its recovery trade at the same time.

    So you can’t see correctly, how big drawdown phases really were at myfxbook. That’s what encourage many copy traders to copy Turtle with a multiplier higher that 1 or even 2 or 3, which is quite dangeours.

    • Andrea Lanza Andrea Lanza

      I think you are totally right!

      Thank you

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