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Overview
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.
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forexroboteasy.com
1 review
One of the key aspects that stood out for me was the provision of a signal on Telegram. This allowed me to match my trades in real-time, a feature that I found extremely beneficial. It's not every day that you come across an EA that offers such a unique and practical feature. As I continue to use 'The Turtle' on my live account, I am looking forward to seeing how it performs. I am optimistic about the potential of this EA, given the promising results I've seen so far. I plan to provide an updated review once I have more data and experience with the software on a live trading account. In terms of pricing, I believe it's quite reasonable. Considering the potential returns and the level of support provided by the author, I find the price to be a good investment. It's not just about the cost, but the value that this EA can potentially bring to my trading activities. Overall, 'The Turtle' appears to be a promising EA. From its impressive performance on a demo account to the supportive and helpful author, it has been a positive experience so far. I am excited to see how it performs on a live account and will update my review accordingly. For anyone considering 'The Turtle', I would recommend giving it a try. The price is reasonable, and the potential returns could be well worth the investment."