The Turtle Trader Metatrader 4 Forex robot is an expert advisor that implements a long-term channel breakout strategy using the 55-day price high and low as a measuring tool for buy/sell market triggers.
The EA is also built around the martingale strategy.
The Turtle Trader EA is known to automatically track the most recent market volatility and it also calculates the optimal trading lot size based on your account.
Seemingly, the visualization of three Donchian channels on the price chart is implemented using the Turtle Trader algorithm.
Its algorithm aids in the tracking of trades and closing of positions that complies with the breakout of the fast channel or even the adding of positions after definite volatility intervals.
The Turtle Trader forex robot can automatically set and move stops.
The Turtle robot has an amazing win rate. See the strategy tester report below.
Strategy Tester Report
Find below the Turtle Trader forex robot strategy tester report for the EUR/USD forex pair on the 1-Minute chart.
The EA made a total profit of $112803.31 from a total of 41797 trades. The largest winning trade generated $916.00 in profits while the largest losing trade generated a loss of-$1239.08.
Bars in test: 3335179 ticks modelled
Initial deposit: $10000.00
Total net profit: $112803.31
Total trades: 41797
Largest profit trade: $916.00
Largest loss trade: -$1239.08
Consecutive wins: 32
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: ShowMarketInfo, Slippage, Lots, StopLoss, TakeProfit, MAGIC, StopLossRecover, NotSell, NotBuy, Martingale, MartingaleStep, AutoLots, MAXLots, SymbolCount, PauseMin, FromHourStop1, ToHourStop1, FromHourStop2, ToHourStop2, FromHourStop3, ToHourStop3, FromHourStop4, ToHourStop4…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the TurtleTraderV1_0_1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)