Original Turtle Rules Trader - MetaTrader 5 Expert
Original Turtle Rules Trader EA implements the trading system described in the book "Original Turtle Trading Rules" .
According to the description given in the book, the famous Turtle Trader system consists of the following components:
Exactly as described,
The algorithm can use the Parabolic SAR system or simply set a take profit instead of closing the position after a fast channel breakout.
Attachment download
📎 turtletrader.mq5 (32.72 KB)
Source: MQL5 #16866
Original Turtle Rules Trader - MetaTrader 5 expert usage and filtering advice
Original Turtle Rules Trader - MetaTrader 5 Expert is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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