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Thread: TURTLE Method EA

  1. #1

    Default TURTLE Method EA

    Dear anyone, please Code this if you can...

    EA can be applied to any timeframe (even though daily is recommended)

    User input X, Y lots, K factor. User can select to use either Short or Long term Turtle or Both.

    (1) Short Term Turtle:
    Entry - buy/sell X lots on breakout of highest/lowest close bar of last 20bars + I.S pips[optional]

    Pyramid/add-in (previous lot size)/2 if entry criteria is met further along the trend[optional] .

    Intital Stop, I.S pips = K* 20ema of ATR(of attached timeframe)

    Trailing Stop = Exit all lots on reversal breakout of lowest(buy)/highest(sell) bar of last 10bars.

    *P/L filter for short term turtle only ->
    Do not take the next immediate short term breakout trade if previous trade is a winner.

    (2) Long Term Turtle:

    Entry - buy/sell Y lots on breakout of highest/lowest close bar of last 55bars

    Intital Stop = K* 55ema of ATR

    Trailing Stop = Exit all lots on reversal breakout of lowest(buy)/highest(sell) bar of last 20bars.

    [Optional] B.Bands Filter for Both Short and Long Term Turtle:

    Entry order is only permitted iff bar is within 1std and 2std channel of standard bollinger bands of attached timeframe.
    Last edited by scalpmaster; 09-05-2010 at 22:23.

  2. #2

    Default

    You might be interested in a Turtle EA created by Daniel Fernandez at fxreviews.blogspot.com. It is profitable over an extended period but has relatively large drawdowns as one might expect.

    Reviewing Everything Forex: Turtle System

  3. #3

    Default

    Thanks for the nice review, not sure if that turtle EA is the same as the rules above...
    With P/L and B.Bands channel filters, drawdowns would be reduced... dear Funyoo, please give it a try...
    Last edited by scalpmaster; 09-07-2010 at 21:21.

  4. #4
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by scalpmaster View Post
    Dear anyone, please Code this if you can...

    EA can be applied to any timeframe (even though daily is recommended)

    User input X, Y lots, K factor. User can select to use either Short or Long term Turtle or Both.

    (1) Short Term Turtle:
    Entry - buy/sell X lots on breakout of highest/lowest close bar of last 20bars + I.S pips[optional]

    Pyramid/add-in (previous lot size)/2 if entry criteria is met further along the trend[optional] .

    Intital Stop, I.S pips = K* 20ema of ATR(of attached timeframe)

    Trailing Stop = Exit all lots on reversal breakout of lowest(buy)/highest(sell) bar of last 10bars.

    *P/L filter for short term turtle only ->
    Do not take the next immediate short term breakout trade if previous trade is a winner.

    (2) Long Term Turtle:

    Entry - buy/sell Y lots on breakout of highest/lowest close bar of last 55bars

    Intital Stop = K* 55ema of ATR

    Trailing Stop = Exit all lots on reversal breakout of lowest(buy)/highest(sell) bar of last 20bars.

    [Optional] B.Bands Filter for Both Short and Long Term Turtle:

    Entry order is only permitted iff bar is within 1std and 2std channel of standard bollinger bands of attached timeframe.
    Hi scalpmaster,

    Here is an EA.
    Attached Files Attached Files

  5. #5

    Default

    Thanks a lot Funyoo, you are the best...will be back with any good settings I can find.

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