Mastering the Turtle Trading Strategy with the Original Turtle Rules Trader EA

Are you ready to dive into the world of trading with one of the most legendary systems out there? The Original Turtle Trading Rules have been a game-changer for many traders, and now you can harness this strategy with the Original Turtle Rules Trader EA.

This Expert Advisor (EA) is designed to implement the core principles from the Turtle Trader system, which includes:

Determining position size based on market volatility.
Entering trades following breakouts from the fast or slow Donchian channels.
Skipping the second signal after a successful first breakout.
Adding to existing positions.
Managing stop orders effectively.
Exiting trades strategically.

Here’s what makes this EA stand out:

It automatically gauges the current market volatility to calculate the optimal trading lot size.
The algorithm displays three Donchian channels on your chart: System 1, System 2, and a fast channel for exiting trades.
If a successful signal has already been triggered, the EA will skip any additional breakouts.
It diligently tracks trades and will close positions after the fast channel breakout or add new positions based on defined volatility intervals.
Stop losses are set and adjusted automatically.

Instead of closing trades post-breakout, this EA offers the flexibility to use the Parabolic SAR system or set a take profit, giving you control over your trading strategy.

Expert Advisor visualizes three Donchian channels on a chart

Let’s break down the inputs you’ll be working with:

Donchian channel for exit breakout - defines the range for creating the fast channel.
Donchian channel for System 1 breakout - sets the range for the System 1 channel.
Donchian channel for System 2 breakout - establishes the range for the System 2 channel.
Max. deposit share at risk in one trade - determines the risk per position as a percentage of your deposit.
Max. amount of "Units" per symbol - limits the maximum number of units you can trade per symbol.
Adding interval (times ATR) - sets the volatility interval for adding more positions.
Stop loss (times ATR) - specifies the volatility interval for placing stop orders.
Take profit (times ATR) - indicates the volatility interval for setting take profit levels.
Allowable trade slippage - defines acceptable slippage during trades.
Use SAR-system to trail SL - option to enable or disable the Parabolic SAR system.
SAR system step - sets the step for the SAR system.
SAR system cap - defines the maximum step for the SAR system.

With the Original Turtle Rules Trader EA, you'll be equipped to navigate the markets confidently using a time-tested trading strategy. Happy trading!

Mastering the Turtle Trading Strategy with the Original Turtle Rules Trader EA

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