The Turtle Trader Forex robot is an automated trading bot that deploys a trading volume mechanism as its leading factor when determining market dynamics.
Essentially, the Turtle Trader expert advisor for Metatrader 4 incorporates a logic that gauges closing price relative to the extremes for a defined period in view of how buyers and sellers dominate the market.
In simple terms, the EA is very sensitive to price fluctuations, thereby constantly scanning for changes in momentum and by so doing, any technical analyst can fully hands-free, leaving the robot in charge of trading.
The Turtle Trader EA made $112803.31 profit on the EUR/USD 1-Minute chart from an initial deposit of $300.
Be comfortable enough to tryout the Turtle Trader expert advisor on any major Forex pair of your liking (EUR/USD, GBP/USD, USD/JPY, USD/CHF).
Other currency pairs like the minors and exotics are also tradable with this currency trading bot.
Default EA settings:
Not Buy; false, martingale; true, martingale step; 2, auto lots; false, max. lots; 10, symbol count; 2, risk; 0.7, pause min; 0, from hour stop 1; 25, to hour stop 1; 25, from hour stop 2; 25, tohourstop2; 25, from hour stop 3; 25, to hour stop 3; 25, from hour stop 4; 25, to hour stop 4; 25, stok period; 4, stod period; 3, sto slowing; 3, maslow time; 5, mafast time; 4, cci time; 5, cho time; 5, rsi time; 6, adx; 6, moment time; 5.
The default EA settings can be modified directly by editing the source code or changing the robot’s testing and optimization values.
It’s highly recommended to test the expert advisor on a demo account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the Turtle Trader expert advisor attached to the EUR/USD 1-Minute.
Strategy Tester Performance Highlights
The expert advisor made a total profit of $112903.31 ($300 initial deposit) from 41797 trades during the initial testing period.
The largest winning trade generated $916.00 in profit, while the largest losing trade lost $1239.08.
See the test results report above for all details.
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Not Buy, martingale, martingale step, auto lots, max lots, symbol count, risk, pause min, fromhourstop1, tohourstop1, fromhourstop2, tohourstop2, fromhourstop3, tohourstop3, fromhourstop4, tohourstop4, stokperiod, stod period, sto slowing, maslow time, mafast time, cci time, cho time, rsi time, adx, moment time
More Info About This Expert Advisor
Recommended Currency pairs: Any
Trading Platform: MT4
Time frames: M1- M30
Expert Advisor Type: Scalping
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.