Description
The PZ Turtle Trading EA is a faithful implementation of one of the most iconic trend-following systems in trading history. Originating in the early 1980s from an experiment by Richard Dennis and William Eckhardt, the Turtle Trading system proved that rules-based strategies could outperform discretionary trading—even for complete beginners.
This EA automates both components of the original system:
- System 1: Enters trades at 20-day breakouts, exits at 10-day breakouts
- System 2: Enters trades at 55-day breakouts, exits at 20-day breakouts
Traders can use both systems in parallel or choose one, depending on the timeframe and market conditions.
Core Trading Logic
- Trades are filtered by the outcome of the previous signal, just as the original turtles did.
- Trades are pyramided up to 4 total positions, adding every ATR(30)/2 in favor
- Stop-loss is based on 2 × ATR(30) from the entry price, using Bid/Ask adjustments
- Account risk is dynamically reduced during drawdown periods for capital preservation
This EA gives traders full control over all key variables, allowing you to modernize the Turtle system to suit today’s faster, more volatile markets. You can also backtest, optimize, or blend components with other strategies to improve robustness. It works seamlessly with all broker types, supports NFA/FIFO compliance, and is suitable for forex, indices, and other CFDs.
Input Parameters
- Turtle Trading Settings – Set breakout entry/exit periods for System 1 and System 2, and enable filters to match classic Turtle rules.
- Adding to Positions – Control the pyramiding logic: add up to 3 additional trades as price moves in favor by ATR-based increments.
- Stop-loss Settings – Set the initial stop-loss multiplier (default is 2 × ATR) or customize it to fit specific risk profiles.
- Money Management – Enable or disable the drawdown-based risk reduction. Customize trade risk, lot sizing, and position exposure.
