AW Turtles EA

Overview of AW Turtles EA

• AW Turtles EA is an automated trading system designed to implement the classic Turtle trading strategy.
• It utilizes signals from the AW Turtles indicator, focusing on breakouts of support and resistance levels.
• This EA supports various features such as automatic lot calculation and multiple strategies for exiting positions.

Key Features

• Automatic volume calculation for trades.
• Options for StopLoss, Trailing, and TakeProfit management.
• Flexible averaging options, including working with or without averaging.
• Ability to customize trading strategies based on individual preferences.

Trading Options

• Without averaging: Opens only a single order per signal.
• Fixed step: Sets a consistent distance between consecutive orders, adjustable in points.
• Step by ATR: Calculates the order distance based on market volatility, ensuring dynamic trading positions.

Order Management Strategies

• Multiple closing options for orders, allowing optimization based on market conditions.
• Integration of a virtual TakeProfit feature to secure profits effectively.
• Customizable StopLoss settings, which can adapt according to trader strategies or market conditions.

Market Compatibility and Performance

• Designed to work predominantly on MetaTrader 4 and 5 platforms.
• Advised to use with currency pairs that have tight spreads for optimal performance.
• Users should conduct sufficient testing over a recommended period to evaluate effectiveness.

User Feedback and Community Insights

• User reviews indicate a mixture of experiences, emphasizing the importance of correct settings for success.
• Many users appreciate the automation features, making trading less hands-on and more systematic.
• Some traders suggest thorough backtesting and gradual implementation for best results.

Final Thoughts

• This EA aims to simplify Forex trading while adhering to principles established by the original Turtle Traders.
• The combination of automated options and strategic flexibility is appealing for both novice and experienced traders. 🚀