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PZ Turtle Trading EA MT5

2

This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to use and supervise
  • Fully configurable strategy settings
  • Fully configurable trading settings
  • Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
  • Works for CFDs and forex instruments

The strategy trades two complementary systems, a main and a failsafe system:

  • System one trades 20-day breakouts and closes deals at 10-day breakouts
  • System two trades 55-day breakouts and closes deals at 20-day breakouts

The basic principles of the strategy are the following:

  • Trades are filtered based on the outcome of the last signal
  • Trades are pyramided up to 4 trades, at intervals of ATR(30)/2
  • The trailing-stop is applied for all trades using Ask/Bid +/- ATR(30)*2
  • The risk per trade decreases 10% for every 20% drawdown in the account
This EA implements the default settings of the original turtle traders, but much has changed in financial markets since then. In order to achieve profitability, the trader will have to apply its best judgement about what to trade and optimize the settings in the strategy tester.


Settings

When loading the expert advisor to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. This is what each block of parameters does.

  • Turtle Trading Settings
    This group of parameters allows you to customize the period of trading systems S1 and S2 and use of the filters.

  • Adding to positions
    Once a trade was taken, the original turtles would pile up three more positions on top on the first one, by adding an additional trade every time the market moved in their favor 50% of the ATR. This group of parameters allows you to disable or customise this behavior.
  • Stop-loss Settings
    The initial stop-loss for all trades is, by default, two times the Average True Range. You can set your own stop-loss using this group of parameters.

  • Money Management
    For every 10 percent in drawdown in their account, the turtles cut their trading unit risk by 20 percent. In this group of parameters you can disable this behavior, and customize the common money management parameters.


Support and questions

Use the helpdesk for questions or timely support. Write an email to: help@pointzero-trading.com


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
Reviews 5
41070424
23
41070424 2023.12.30 08:48 
 

Fully functional

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ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
Diamond Titan FX
Lo Thi Mai Loan
4.36 (22)
Hello, I am Diamond Titan FX. This EA is specially designed for US30 pairs. The EA does not use any risky strategies like Martingale or Grid. By default, the EA sets a fixed SL of 50 pips for each trade, but you can change it if you wish. The EA also implements a trailing stop that locks in profits from 10 pips, which you can modify. It features a drawdown management function for the entire account. The EA includes a news filter option if you want to disable trading during news events. Special:
Gold Harvest MT5
Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
AI-Driven Technology with ChatGPT Turbo Infinity EA is an advanced trading Expert Advisor designed for GBPUSD and XAUUSD. It focuses on safety, consistent returns, and infinite profitability. Unlike many other EAs, which rely on high-risk strategies such as martingale or grid trading. Infinity EA employs a disciplined, profitable scalping strategy based on neural network embedded over machine learning, data analytics AI based technology provided by latest ChatGPT version to make your overall tra
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PZ ABCD Retracement
PZ TRADING SLU
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PZ Supply Demand
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Stay ahead of the market: predict buying and selling pressure with ease This indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Predict buying and selling pressure in the market Avoid getting caught in buying selling frenzies
PZ Correlation
PZ TRADING SLU
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In the world of finance, correlation is a statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator measures how different securities move in relation to a reference one, thus making portfolio management easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Avoid concurrent trades in highly correlated instruments Find trading opportunities among highly correlated instruments Cor
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41070424
23
41070424 2023.12.30 08:48 
 

Fully functional

mikomiko55
29
mikomiko55 2022.04.11 05:51 
 

I have tried to contact support, but they ignore all attempts. Also, there is an error in the system and I cannot use it properly. I want a refund. I want my money back.

PZ TRADING SLU
797133
Reply from developer Arturo Lopez Perez 2023.01.14 16:16
Hello. Support is here. I am updating the EA now.
Yao Ting Yang
219
Yao Ting Yang 2021.10.04 08:18 
 

Old version, not browser-compatible. However, I don't see the update. And can't use them. I need a support from the publisher or representative of Meta Trade Copr

PZ TRADING SLU
797133
Reply from developer Arturo Lopez Perez 2021.10.08 17:58
Dear Leevn. My apologies. I have updated the EA and it works well with the latest MT5 version. Thank you.
leevn
186
leevn 2021.01.08 05:55 
 

Old version, not browser-compatible. However, I don't see the update. And can't use them. I need a support from the publisher or representative of Meta Trade Copr

PZ TRADING SLU
797133
Reply from developer Arturo Lopez Perez 2021.07.15 17:24
Dear Leevn. My apologies. I have updated the EA and it works well with the latest MT5 version. Thank you.
artrader777
52
artrader777 2020.03.09 22:27 
 

Не выгружается в VPS.Пишет "старая версия EX5" просит перекомпилировать Автор не реагирует.

PZ TRADING SLU
797133
Reply from developer Arturo Lopez Perez 2021.07.15 17:24
Dear Leevn. My apologies. I have updated the EA and it works well with the latest MT5 version. Thank you.
Reply to review
Version 4.4 2023.01.14
- Bug fix
Version 4.2 2022.02.17
- Recompiled at request of MT5 Terminal
Version 4.0 2021.10.08
- Recompiled and minor fixes