Original Turtle Trader Review Introduction
To read the full Turtle Story and Original Turtle Trader Rules you can visit its official website.
Trading Idea
A trend following system just as the Turtles used to trade.
Original Turtle Trader Criteria
License
Non-expiring One live account with Demo compatibility.
Updates
Free Lifetime software updates.
Support
Cultivated customer service and technical support.
Brokerage Account Recommendations
For those accounts with less than $10,000 balance, they should support 100 unit lot size or $0.01 per pip to allow you to trade at the same risk level as that of the Turtle Trader of no more than 2% per trade.
Supported Currency Pairs
EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD, NZD/USDMetaTrader Chart Timeframe
D1Historical Data Backtests
Trading Strategy
The most important features of the Original Turtle trader's trading strategy can be summarized in the following points:
- It adapts to the market's conditions determining the target position sizes according to the market volatility 'N'.
- There is a hidden bridge between correlated currency pairs through which the risk is minimized and the right trades count for each correlated group is determined.
- Just as the Turtles used to trade, it trades with a 20 day or 55 day breakout, however this is fully customizable if you desired a different days count.
- It never puts your account balance under risk of more than the preset percentage of that balance you have determined before trading. The Turtles typical risk is just 2% per one trade.
Bottom Line
By following the Turtle Trading Rules, the most consistent results on long-term basis with can be achieved with the highest level of security.
The Turtle System which is the core of the original turtle trader strategy was strictly tested by C&D commodities and several book are out there documenting its success with an average return of 80% a year.
To know how exactly your money is being traded and what certain risks you are taking on your balance by a certain Forex system makes it transparent enough to trust, Original Turtle Trader Rules pdf file that is available for download before buying the software is there for that purpose.
MyFxBots Admin
[Last Modified On Sat, 15 Aug 2015]Talk about Original Turtle Trader
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.