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PZ Turtle Trading EA MT5

1

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.
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Profalgo Limited
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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
1346370
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
1346370
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
1346370
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
1346370
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