Turtle Trader v1.01
Logic:
- Trend-Following:
- Utilizes multiple indicators such as Stochastic, CCI, RSI, and Moving Averages to determine the direction of the market trend.
- The EA makes buying decisions when the indicators show upward momentum and selling decisions when they indicate a downward trend.
- Scalping:
- The EA is designed to take advantage of short-term market movements.
- It uses momentum indicators and Fibonacci levels to optimize entry and exit points for quick trades.
- Dynamic Lot Sizing:
- The EA can adjust the lot size dynamically based on account balance and market conditions.
- It includes an auto-lot feature that calculates the appropriate lot size according to the risk and available margin.
- Order Management:
- The EA manages orders with a focus on optimizing stop-loss and take-profit levels.
- It includes recovery features such as Martingale, which increase the lot size after a loss to recover previous losses.
- Profit Protection:
- The EA employs protective mechanisms such as stop-loss recovery and trailing stops to secure profits and minimize losses.
- It actively monitors the market to close positions when certain conditions are met, ensuring that profits are protected.
- Additional Features:
- The EA includes time-based filters to avoid trading during specific hours, reducing exposure to volatile market conditions.
- It also features advanced pattern recognition for identifying bullish and bearish candle patterns.
