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Turtle Trader is indicator designed for long-period traders. The strategy-essence of this indicator is to follow big market swings on bigger timeframes. Therefore this indicator is more suitable for slower but safer trader types which like to execute their trading ideas on 4h+ chartings based on bigger market moves combined with fundamental sentiment.

Availability: Out of stock

$299.00

Turtle Trader is indicator designed for long-period traders. The strategy-essence of this indicator is to follow big market swings on bigger timeframes. Therefore this indicator is more suitable for slower but safer trader types which like to execute their trading ideas on 4h+ chartings based on bigger market moves combined with fundamental sentiment.

Highlights of Turtle Trader

  • Trend following strategy
  • All Assets available
  • All Timeframes included
  • Settings customization to optimize performance
  • User friendly interface
  • Inputs available
  • Trading Idea display
  • Sound notifications
  • Additional Pop-up alert
  • No repainting

Technical Indicators Involved

  • Exponential Moving Averages (EMA)
  • Fibonacci & Retracements
  • Momentum
  • Commodity Channel Index (CCI)

Note: all indicators are applied with custom optimized settings.

Strategy

Pure long-term trend following strategy purposely designed for traders who stay longer into the market. Determination of market swing via EMA Rainbow + Fibonacci & Retracements profit/loss calculation + trigger by Momentum and CCI to maximize the entry market point.

Timeframes

Available:
MT Timeframe – 1m
MT Timeframe – 5m
MT Timeframe – 15m
MT Timeframe – 30m
MT Timeframe – 1h

Recommended:
MT Timeframe – 4h
MT Timeframe – 1d
MT Timeframe – 1w
MT Timeframe – 1m

Notifications

  • Pop Up Alert – notification on Metatrader 4/5 Terminal with separate window
  • Visual Alert – notification on MT 4/5 Terminal with visual display
  • Sound Alert – notification on MT 4/5 Terminal with sound alert

Money Management Recommendations

  • Always keep your positions limited to 1 per asset.
  • Make sure that your account balance is matching the trading strategy capital recommendations.
  • Set a RiskPerTrade Limit and never extend it. Basic acceptance of good money management risk is to never invest more than 1% to 5% of your overall trading capital into one trade.
  • Set MaxRiskLimit and never extend it. Normal maximum investment is accepted to be up to 10% spread across multiple traded assists simultaneously.
  • Weekend protection – in order to prevent undesired opening levels, most traders do exit the markets every Friday and re-enter the trading world Mondays. Those actions protect them from undesired market moves which can occur during the weekend.
  • Always put SL (stoploss) and TP (takeprofit) of all your positions! Recommendations here are 30 / 60 % where 30 % is the stop loss and 60% is the take profit. Of course this must always be adjusted and match the capabilities of your account balance.
  • News protection – in case you do not consider the fundamentals make sure to always avoid taking positions during major news events. It’s well-known that big news can disturb the market for certain periods of time and even change market sentiment in some cases!