This newsletter is about suggesting systems you should test on your demo account!
Today I bring to your attention a signal provider called “FxTurtle“.
“I am a technical trader. This is a trend following system, which mainly trade the EURJPY pair. On average, there are 12 trades per month. Stop loss are usually between 60 pips to 150 pips, but over 150 pips is not uncommon. 2 to 3 trades are entered simultaneously. I will only enter 3 trades as long as the maximum potential loss does not exceed 275 pips. Additional 4th or 5th trade will only be entered if the first 3 trades will have a profit even if stopped out. Additional trades SL will not exceed a total 150 pips. The reason I enter three trades is that so I can scale out winners at some support/resistance levels, but keep one open position until it gets to its maximum TP or a reverse signal is generated. On occasion, counter trend trades are entered based on support/resistance level in the daily/weekly chart. For counter trend trades, only a maximum of 2 trades are entered with a total SL not exceeding 100 pips. Entering trades in the opposite direction: 1. On occasion, my system generates a signal opposite to the current position and the current position SL is not yet hit. 2. To protect substantial gain. Recommended risk per trade: 1% of equity or 1 minilot per $10,000. You can see my signals traded on a live account in forexfactory under username Xtrader101. I cannot link my live account to send my signals because my broker is not with Zulutrade.”
|Winning trades||26 (74.0%)|
|Average trade time||4 days|
|Maximum drawdown||-181 pips|
|Has live followers||Yes|