ZuluTrade Blog
Image

Trading Floor

Meet the Experts: Turtle EUR

Friday, October 25, 2019 10:53 AM GMT

Turtle EUR has been active in the platform for 42 weeks now. The Trader is using an expert advisor to manage the trades as well as a dynamic money management which makes the system very profitable in his own account.
Therefore Investors must use the Pro-Rata mode otherwise they won't be able to be benefited from this strategy.     

The system has generated a 915% ROI annualized with €808 Maximum Drawdown. The avg trade time is 1 day and its trading frequency is low. 

Tell us about your trading background and how you got started trading.

I became passionate about forex trading about a decade ago.
I followed some online courses and started by opening an account, starting with doing only manual operations.
Over time I gained knowledge of the mql language to develop my strategies within an expert advisor.
In this way the engines work for me, leaving me much more free time, even though the research on improving the strategies continues unabated.

When did you first discover ZuluTrade? What was it about ZuluTrade that got your interest?

I discovered Zulutrade during my internet searches.
My goal was to find a community of traders to share their experiences and strategies.
Zulutrade caught my attention because it is one of the largest and most widespread social trading platforms on the planet.

Give us the basic structure of your strategy

Scalping method following short and medium-term trends, I open positions against daily movements only where such moves have a high probability of success.

What’s your trade management approach – taking profit and exits, trade size and account- level risk management?

As a rule, I don't risk more than 2% for each trade.
Operations are opened one at a time and two trades are rarely opened at the same time.
StopLoss and TakeProfit are variable, depending on the time.
Generally, the stop losses vary between 100 and 200 pips but this rule is not always valid, sometimes a recovery trade is opened with a slightly increased lot, to compensate for the initial loss and both trades are closed in profit.

How can your followers get the best by your strategy?

Decide on initial investment and use the same level of risk as my strategy.
Better to earn a little at a time without taking excessive risks and, if possible, withdraw the earnings at the end of each month so as not to grow capital excessively.

How do you feel when you have a good and a bad trade? How are you dealing with this?

There may be times when the open trade is in heavy loss, my advice is not to panic and not to close the trade manually.
I let the strategy take its course and sooner or later the loss will be compensated and the trade will be closed in profit as it has always happened in these three years of strategy activity.

Finally, if you could give some advice for the aspiring traders out there, what would it be?

Do not get overly excited when your trading is showing fantastic results. Keep calm and maintain a reasonable risk level, because the “rocket” mode will not last forever.
Do not panic when your system falls into a bad series. If you have a good and reliable trading system, stick with it - it will recover sooner or later and you will be rewarded for your patience and self-control.
Remember! Risk management is the key to successful trading. Wise risk management is what keeps you in the game!

That was all from Turtle EUR. More Traders' Interviews to follow...Stay Tuned!

Add comment

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.