The Turtle

Unveiling the Turtle EA

Within the dynamic realm of Forex Trading, the Turtle EA has emerged as a reliable automated trading tool. It employs a superior trading strategy and robust money management techniques, making it a popular choice for long-term traders. With its distinct set of features and recommended settings, the Turtle EA aims to optimize your trading performance and enhance your investment strategy.

Focused on Long-Term Trading

The Turtle EA is designed primarily for long-term trading, providing consistent results over an extended period. The best performance is expected from the year 2023 onwards. The EA employs a dynamic position size and risk percentage per trade, allowing for a flexible approach to trading and an ability to adapt to various market conditions.

Preferred Trading Pairs and Settings

The Turtle EA is particularly effective when trading the XAUUSD and USDCHF pairs on a 5-minute timeframe. The standard settings are recommended for XAUUSD, while specific comments near the inputs guide the settings for USDCHF. The EA’s configuration has been meticulously adjusted to support these currency pairs, ensuring optimal results.

The suggested settings for each pair are as follows:

• USDCHF 5 min: RSI (14,20,80), BB (5,3,3), SL (1000), TP (1500), Trailing Stop in Points (249), ATR Multiplier (0, Disabled)
• XAUUSD 5 min: RSI (14,20,80), BB (5,3,3), SL (500), TP (1500), Trailing Stop in Points (249), ATR Multiplier (2)
• GBPUSD 5 min: RSI (18,30,80), BB (5,3,3), SL (500), TP (1500), Trailing Stop in Points (160), ATR Period (10), ATR Multiplier (20)
• EURUSD 5 min: RSI (8,30,80), BB (5,3,3), SL (500), TP (1500), Trailing Stop in Points (150), ATR Period (3), ATR Multiplier (15)

Backtesting the Turtle EA

Backtesting is a crucial part of evaluating a Forex Robot’s performance. The Turtle EA has been backtested using real tick data on a $1000 account over a three-month period, utilising a risk factor of 20. This rigorous backtesting provides traders an insight into the EA’s performance and its potential profitability.

Frequently Asked Questions

Where can I watch the independent testing of the Turtle EA?

Independent testing of the Turtle EA can be viewed on the forexroboteasy.com website. Subscribers can receive updates on the testing results of this product.

Can I share my experience of using the Turtle EA?

Absolutely. User experiences are valuable in assessing the product’s efficacy. Feel free to share your experiences and insights regarding the Turtle EA.

Is this review affiliated with the product?

No, this is an independent product review. The evaluation and opinions expressed are not affiliated with the makers of the Turtle EA.

As the Forex market continues to evolve, so does the need for efficient and reliable trading tools. The Turtle EA, with its sophisticated trading strategy and robust money management techniques, offers a promising solution for long-term traders looking to maximize their trading performance.