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/146788
GBPUSD – https://www.myfxbook.com/strategies/turtle-eur-gbpusd/146789
Regards
Andrea Lanza
hi
may I know how the size of each trade is determined?
Thanks
Dan
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
thanks for your reply. when you said ‘accoutn extent’, is that ‘account balance’ or is it ‘account equity’?
It refers as a percentage of free margin.
Regards
Andrea lanza
Thx for publishing!
The succes quotes are stunning. I keep my fingers crossed for it working as predicted and backtested
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 ?
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
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,
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
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.
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
Thanks for your comments. In the meantime I have subscribed to Topo EUR on mql 5.
Is there a reason the Back tests have been removed??
Cheers
Greg
Hello,
the links are renamed every month, sorry but I forgot to update it.
Now works.
Regards
Andrea Lanza
Hi Andrea, I can’t find the mql5 signal…any problem with the link?
Thanks
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
Hi Andrea,
What timeframe do you use?
Thanks
All my signals use M15 timeframe.
Regards
Andrea Lanza
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
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
I totally agree. Always “better safe than sorry” approach is a key rule, above all with very risky markets like Forex.
Mario
Hello. I want to copy your transaction, you can not get access to these 2 websites. Please contact my mailbox, thank you.
EURUSD – https://www.myfxbook.com/strategies/turtle-eur-eurusd/146788
GBPUSD – https://www.myfxbook.com/strategies/turtle-eur-gbpusd/146789
Hello,
these are old links, please use this one: https://www.andrea-lanza.it/blog/2018/08/27/august-2018-turtle-eur-backtest-available/
Regards
Andrea Lanza
Hi Andrea ,
Where can I see your recovery performance with x3 risk?
Thanks
Hello,
you can watch the live results of Turtle EUR on the Autotrade system of myfxbook or watch my latest backtest results https://www.andrea-lanza.it/blog/2018/12/05/november-2018-turtle-eur-backtest-available/
Regards
Andrea Lanza
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.
Hi is your EA available for purchase?
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
Hello
Are you using the latest version of recovery? because I imported your setting and it’s not opening the same trade as you
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
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.
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
@ 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.
I think you are totally right!
Thank you