Hello traders,
several months have passed since the old Turtle EUR ceased to exist, new strategies were tested and I finally decided to make my new signal public.
Turtle Safe consists of a dozen different strategies, incorporated into a single portfolio.
No Martingale strategy, no grid strategy and all trades come with StopLoss.
At the time of writing, Turtle Safe ranks at number 11 in the Autotrade ranking (https://www.fxautotrade.com/systems/turtle-safe/4155951) and at number 286 in the SignalStart ranking (https://www.signalstart.com/analysis/turtle-safe/179002).
You can also follow the signal statistics on the myfxbook page (https://www.myfxbook.com/members/Ludopatico/turtle-safe/6969786), the risk level is set at 5% for each individual trade, who decides to copying my signal can reduce it if you want, using the multiplier.
Hope this signal has even longer life than the old Turtle EUR, it will definitely be safer.
Regards
Andrea Lanza
Turtle Safe
Published inForex
What is a good broker to use this with? With icmarkets sc will there be much slippage,?
Hello,
I can’t tell you exactly which broker can be better than another.
I have used Alpari, icMarkets, fxopen, darwinex and I felt good with all of them.
Take a look at this page, there are several servers compared to mine from Alpari:
https://www.mql5.com/en/signals/822137?source=Site+Signals+My#!tab=slippage
Regards
Andrea Lanza
Is this a ea available to buy?
Yes,
here you can find all fxAutomater family expert advisor.
Regards
Andrea Lanza
Hi Andrea,
Is the Combo System EA? can you share with me the .set files for backtesting please?
thanks a lot.
Is this a ea available to buy? Your link to fxAutomater does not work.
Hello,
you have to click on the word “here”, if it does not work, type the path fxautomater.com yourself in the address bar of your browser.
Regards
Andrea Lanza
Hi Andrea,
Is nice to see you agian back, Im following the stratategy really look great, can you explain a little bit how it works? for example.
how many trades at time?
distance of SL in any trade?
Is based in the same EA of the Turtle EUR?
Can I configure my EA same to you?
thanks a lot
Hello,
Turtle Safe uses a completely different strategy from the old turtle eur.
First of all, it uses different expert advisors, all with stoplosses.
I should do the math well, but I believe that the maximum loss is around 150 pips and the maximum of trades that can be opened at the same time is around 5.
Lately I have added another level of security, adding a trailing stop for all those trades that reach the 1.5% gain threshold.
In this way, if a retracement occour, the operation is closed anyway with a profit.
This is a portfolio with different strategies where, in addition to the fxautomater EA, I also use one created by me, which manages the trailing stop activity.
At the moment I prefer not to disclose the results of these backtests.
Regards
Andrea Lanza
Hi Andrea,
Thanks for the answer, to be confident with the strategy is important to have the backtest, this type of test provides us a view in a long time of a certain strategy. For example with the old Turtle We knew the mark of our relative drawdown in long term, that give to me the Stop Loss with the last GBPUSD trade as burn your account, I cut my losses in -30% hard to see in time all your account blown up! for that reason I think is important to know the Stop Loss strategy in this new try! For example I don’t see in history trades the stop loss defined. That’s part of my concern to be confident again with a new turtle strategy.
My comment helps you to be a crystal clear in this new strategy.
Thanks a lot.
Hello,
I have removed the stealth mode from all pairs of the strategy, stoploss is now clearly visible every time a trade is opened.
Keep in mind, however, that stoploss are dynamic, what you see written on the metatrader is the maximum stoploss value that can be reached.
In some cases the operation can also be closed with a lower loss.
For already closed losing trades, you can make some considerations by looking at how many pips each has lost.
You can use myfxbook statistics page for example.
Regards
Andrea Lanza
Thanks for that Andrea, this is what we need. Im looking rigth now the Stop Loss in the current three trades, thats perfect to be confident in the strategy, Ill follow for this resto of the month and Ill pay suscription in signal start to start copy this system for May. the results really looks great and amazing. Hope this new chance coming with a lot of profit for all.
thanks sir.
Results are looking good. But can you explain what makes this so safe,? It just seems like a mix of your different Eas combined together.
Please explain more about your system
Hello,
soon I will write a post where I explain in detail how my strategy works.
Briefly I can say that I use six engines to manage turtle safe, all use a stoploss, the sixth engine is entirely dedicated to managing the trailing stop activity when the profit threshold for each single trade exceeds 1.5%, in this way, if a retracement occour, the operation is closed anyway with a profit.
The maximum loss is around -150 pips and about 5 trades can be opened at the same time.
I use major forex currencies including gold (XAUUSD) and the strategy runs on a VPS server.
The level of risk for each individual operation is currently 5%, but it is my intention to decrease it as the capital managed by my portfolio grows.
Regards
Andrea Lanza
Everyone is concerned that this turtle can blow like the old one. Please provide a backtest so we can be slightly confident in investing
Hello,
OK, soon I will publish a page with links to all my backtests, there will be the possibility to download the report produced by the metatrader and I will also publish the backtests on myfxbook, so that you can use the statistics page.
I mean Turtle Safe is much safer than the old Turtle EUR.
To clear the account with Turtle EUR it was enough to have two trades open, the first trade and the recovery trade.
With a larger lot, in the event of a negative trend it was much easier to reach the stopout very quickly.
With Turtle safe it takes a sequence of several stoploss trades to drastically reduce your account and however this loss occurs much slower than the old turtle.
Currently the risk level is set at 5% per trade, but I plan to reduce it as the capital grows.
Regards
Andrea Lanza
Hi Andrea,
Good to see you back again. Though, I lost a lot of money on the last one!
Hopefully this will be more successful; as I start out with a very low base with a plan to build up some capital over time.
I note that your ratings at Myfxbook continue to climb. This must be attract the attention of others so I wonder how many followers do you now have for Turtle Safe?
Hello,
thank you.
Slowly my followers are increasing, at the moment on fxAutotrade there are 55 live and 72 demo.
Regards
Andrea Lanza
Hello,
I paused the copy of the system, I think I get into in the worst moment of the strategy, when you have 30% in a month I start copy and now are 20% for me, -10% in my account. I think to be confident in this system I need to see more backtesting or an statement for years. I loss arount 3K in only one wee copying only 0.03X… I dont know if it the strategy, but others factors I look at this week.
1. Every trade going probably in profit for the first minutes o hours, an then some trades go to the stop quickly, I think if you adjust your trailing stop, probably get more profits, many times the trade goin in green and come back to negative or Stops.
2. Now you are showing the stop loss, but recently with that configuration some brokers in my case :AVATRADE use that to close my trades and you still open the trade. I think is important show the SL and TP, but advise to de copiers hide their SL and TP for exameple in SignalTrade i think is allow mark that option.
I think is important to have the test, for example me, to be confident at this time, Im out of the signal, is too much risky for my portfolio, hope your account growth as well, and when I see numbers with no risk come back to the ship.
Regards.
Hi Andrea,
Looking forward, can you share with me the EA for gold used, please?
thanks.
Hello,
I use “Wallstreet GOLD Trader” and you can find it here: https://www.wallstreet-forex.com/
Regards
Andrea Lanza
Dear Andrea
I m following your signal and I can see that the only wrong positions are always GBPUSD, if you don t trade this pair your signal can be great.
Thanks
Jaime
Hello,
GBPUSD gained a high of 71.46% and is currently standing at 34.71% after the latest losses.
The engine that is losing the most at the moment is “WallStreet ASIA Evolution” with a loss of -1.77%
You can check this for yourself by clicking on the “Custom Analysis” button in myfxbook.
I will continue to monitor the performance of the GBPUSD, but for the moment I would say that it is not the case to exclude it from the real account.
Best Regards
Andrea Lanza
Hi Andrea!
I’m aboard again, I have a good feeling with this time with the Turtle, after seeing how your strategies recover from a negative month, SL/TP defined is the most valuable think here. And how to grow the account, I decided to put a band on my eyes and start trusting in the strategy. 60k copying right now in 1X.
Hope this journey could be for years like the first turtle and go for a 1M account first time.
Regards,
Dear Andrea,
Are you considering lowering your risk on Gold? The last SL with XAUUSD pair nearly resulted in -5% loss. This was your worst trade yet. Should we be worried?
Thanks
Hello,
Gold alone currently has a 60.53% gain and it is the pair/engine that is performing best right now.
The worst result was in March 2021 (see image) when it lost -6.38%, a loss that was widely recovered for the following month.
I still don’t feel like reducing the risk, for now I don’t see the need for it.
Regards
Andrea Lanza
Lol… I restarting copy for turtle safe…
My timing: First trade: AUXUSD -4,400 first day. 🙁 But no worried about this, I think Andrea do a great job with this system. Im just trusting and lets the strategy do their job.
Im confident with this combo we will make a lot of money!
Regards,
Regarding to results, I think the system have the best configuration Andrea backtest results… Is not the moment to change anything. This configuration is pure gold literally…
hi
when copying account via mql5, should we be using a raw spread account or is a standard account with ICmarkets ok?
also what leverage is required, will 1:30 be ok?
Hello,
more or less I think it is the same which account you use, however the raw spread is more similar to the account used by Turtle Safe (PRO.ecn account).
I think that even with a leverage of 1:30 there are no problems, however I would recommend a leverage of at least 1: 100
If you want to use the 1:30 leverage I advise you to decrease the level of risk, I have noticed that in some cases up to 8 trades can be opened at the same time and this may perhaps be excessive if the leverage is very low.
Regards
Andrea Lanza
if i use levergage 1:30 how much should i decrease the level of risk in mql5 settings?
also is this ea being sold with the same settings /set file you use if i wanted to run it on my own vps?
Hello,
I suggest to you to cut the risk level by half if you use the 1:30 leverage.
For Turtle Safe I use 5 different engines to diversify my strategy, they are sold with default settings and they are not the same as mine, if you buy them you should run backtests to find the best settings.
Regards
Andrea Lanza
hello,
I subscribe your signals for 2 months now on Signalstart.
you mentioned 5 engines – which ones do you use?
you mentioned Wallstreet Gold Trader and Wallstreet Asia in your previous posts, what are the other 3 engines?
regards
Greg
The engines are, wallstreet forex robot evolution, wallstreet Asia evolution, wallstreet gold trader, forex combo system and omega trend ea.
In the last days i introduce also a sixth engine, smart scalper pro.
All engines come from fxautomater.com
Regards
gold causes alot of problems and so does gbpusd. why dont you take these out?
Hello,
both pairs are earning around 45% now.
We have to wait for the recovery phase to arrive, it is normal in all strategies that have ups and downs.
Regards
Andrea Lanza
Hi guys.
Starting with the turtle safe: june 2021
GOLD: 70 trades 65 Won 5 Lost.
2 of that 5 trades taked by copy since june -12% of my portfolio. – 8K
This is my timing when I tried to copy any system.
Whats your recommendation Andrea?
Decrease copy multiplier?
Maintain and wait for recover?
Remove Gold of my selected pairs?
Any advance will appreciated.
Regards,
Victor,
don’t touch anything and wait for recovery. If any pair doesn’t work, I’ll take it off.
Regards
Andrea Lanza
Roger that! Im like a stone… Im dont moving anything XD LEts gooooo!
Hi Andrea,
it´s all under control? in your lifetime of this system recover from this types of months?
did you experiment another drawdown like this before?
Regards.
With this strategy, you cannot be a winner every month, unfortunately it happens (and will happen again) to close a few months at a loss, the important thing is not to exit the strategy in these moments, otherwise you will always end up at a loss.
You have to be patient and wait for it to recover.
Regards
Hi Andrea,
Why the system try to get buys in a clear market downtrend like GBPUSD? It’s possible disable buys in GBPUSD? I think this pair is the worst trying to get buys.
Since my insertion to this strategy I’m down more than 10k with gold and GBPUSD trades. But when I see the history in Myfxbook the two pairs have good summary, but now the GBPUSD strategy is close to getting red numbers in buys.
Sorry is my second month with turtle safe but I think I choice the worst history month and momentum to start. But as you said before, I need to be strong and wait for recover, but is hard to see your account stuck in negative drawdown.
Is my timing in every thing in life… when I start any winner strategy everything crash. Happened with turtle EUR only sixt months and Crash…black wave signals and crash… this is my last chance to copy any system I’m trusting in your strategy for the fixed risk, but I’m only see my account go down.
Have a lot of question regarding to the future.
1. GBPUSD is a good strategy in medium or long term, why’s the timing?
2. What happens if the system can’t recover from negatives zones and get more trades like the recent history of GBPUSD, will remove the pair?
3. What’s is the maximum drawdown for each pair?
4. Can you share more backtesting for GBPUSD, please ?
5. Can you test the strategy reversing stats with the stop loss for example, 150 pips TP and 50 pips SL? 3:1 win ratio for example and share results?
6. It’s is posible to know the motor and configuration behind GBPUSD for backtesting, really is profitable in long term?
Sorry about long comment buy I have all my savings put in this and I have no chance to loss.
Regards,
VR
“I have all my savings put in this and I have no chance to loss.” – With this type of mentality I don’t think you should be investing in the FX market… It’s a highly dynamic and speculative market that finds itself in a constant state of flux. Any strategy/system will suffer periods of stagnant growth or drawdowns. Turtle Safe has a relatively strong track record and its been proven to recover itself very well following such unfortunate conditions.
The only way to survive and win in this game is by having patience. I’ve been using Andrea’s signal for nearly 4 months now. I believe he knows what he’s doing and constantly monitors all trade & risk activity. If a certain EA were to start showing bad performance results he would optimize it or remove it entirely – but usually we need more data and time to make sure its under-performing in the first place. Otherwise everything seems be working well for the moment and in accordance to the backtests. We’re simply going through a rough patch if you had to ask my opinion.
Trust the process. The data speaks volume.
Gracias, muy valioso tu comentario.
thanks to this type of comments Im having a different perspective of this business and strategy. Thanks Dan and Andrea.
Lets go for a 1M dollars in your account Andrea!
Regards.
Hi Andrea,
Have you made changes to your strategy? I am -14% in my first month with turtle safe.
whats your advice?
Regards,
We have to wait for the signal to recover, more can not be done.
Exit now means closing at a loss, there are always periods of ascent and descent, you have to know how to wait and have patience.
Regards
Andrea Lanza
Still waiting the recovery…
Keep doing the current job Andrea… The EA´s working really now like a Rolex.
Want to see your account in 1M dollars Soon! great!
Regards,
Ciao Andrea,
I have burned my account with the old turtle, now, please, can you tell me exactly what kind of robot are you using?
Thanks in advance
Regards
Hello,
turtle safe strategy is completely different from the previous turtle eur.
I don’t use martingale, I don’t use grids and all trades have a clearly visible stoploss on the trading platform.
I use all the engines that you find on the fxautomater.com site, for example wallstreet forex robot evolution, omega trend ea and smart scalper pro are some of the engines I am currently using.
This strategy is low risk and will decrease further as the invested capital grows.
If you go on Turtle Safe page from myfxbook (https://www.myfxbook.com/members/Ludopatico/turtle-safe/6969786) –> Advanced Statistics –> Risk of Ruin, you will see for example that there is a <0.01% chance of losing 50% of the account. This will require 75 consecutive losing trades.
Regards
Andrea Lanza
Hello Andrea,
Previously you mentioned that you’re planning to reduce the risk in the near future, does that mean the profit will decrease along with it too?
Also, I’ve been subscribed to your signal service for quite some time now and considering depositing additional funds next month to continue using it . Are you planning to keep the signal active throughout 2022 as well?
I am very satisfied with the overall results and hoping I can continue using your signals on the long run.
Regards,
Dan
Hello,
yes my idea is to gradually reduce the level of risk as the capital grows, to avoid excessive risks even if by itself, this strategy does not present excessive risks.
This is the table: https://www.andrea-lanza.it/blog/2021/04/20/turtle-safe-risk-level/
As for future developments, I will always keep this strategy public until it is successful.
Regards
Andrea Lanza
Are all your EA’s on this site？https://www.fxautomater.com/
Did you optimize the Settings？If I buy EA, how do I get your parameters？Thanks.
Hello,
this strategy is the result of hard work and at the moment I prefer not to share the complete list of parameters, also because they are constantly evolving and can change from month to month.
Regards
Andrea Lanza
Hi Andrea,
can you share with me the .set files for backtesting please?
thanks a lot.
Hello,
this strategy is the result of hard work and at the moment I prefer not to share the complete list of parameters, also because they are constantly evolving and can change from month to month.
Regards
Andrea Lanza
Hey Andrea,
Once again the gold advisor seems to act as a burden on the account with its excessive risk per trade. Can you reconsider it’s viability on the long run because it’s the second time this month we hit a -5% loss trade.
Hello,
it seems that after two big losses the system is able to recover.
Let’s give it some more time, gold is currently gaining around 60%.
Gold Chart
Regards
Andrea Lanza
Hello,Andrea Lanza,
Do you have manual interference with your orders?
Hello,
not all the engines I use are equipped with a trailing stop.
In some cases I manually set it on the metatrader platform, generally I set a trailing distance of 15 pips.
This is the only manual activity I do.
Regards
Andrea Lanza
Hi Andrea,
Long time ago I was testing the EAs what are you using in Turtle Safe system but not going well. I see you got a consistent EA.
What EA are you using now, can you share your settings?
Kind regards.
Hello,
the engine is the same as last time.
The settings are simply the default settings, nothing more.
The pairs I use are EURUSD and GBPUSD.
The risk level I use in this case (AutoMM) is 1%.
Regards
Andrea