• Managed Accounts
  • Trusted Brokers
  • Blog
  • Forex Forum

Announcement

Collapse
No announcement yet.

FxTurtle

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • FxTurtle

    Hello traders,

    TRADING METHOD:

    Manual trading.
    No trades are carried over the weekend.

    Trading Style:

    Trend following and scalping with tight Stop Loss

    Traded pair:
    EURUSD, USDJPY

    Risk Management: Only applies to Fxturtle Conservative
    Maximum risk per trade: 0.30%
    Maximum risk of all open positions: 0.5%
    TP: Max TP is set at +50 pips.

    Drawdown or loss management to stop trading:

    3% daily loss
    5% weekly loss
    10% Monthly loss

    Monthly goal objective
    FxTurtle: 5% - 10%

    Recommended trading capital: $20K

    FxTurtle Myfxbook

    Cheers,
    Fxturtle
    Last edited by fxturtle; 12-13-2015, 04:25 AM. Reason: Risk Per trade

  • #2
    Hi FXturtle - I'm sorry but this was put under moderation for some reason. I've accepted the post now so it will be live in the forum

    Comment


    • #3
      Strategy restarted on 9/22/2014
      Last edited by fxturtle; 10-04-2014, 09:58 AM.

      Comment


      • #4
        I am totally disappointed in my performance the last 8 days.

        Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days.

        Cheers,
        FxTurtle

        Comment


        • #5
          Originally posted by fxturtle View Post
          I am totally disappointed in my performance the last 8 days.

          Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days.

          Cheers,
          FxTurtle
          Was that across all your accounts?
          Would you like free lifetime access to our forex trading room?

          Open an account at Blueberry Markets and save the $97/monthly fee.

          Click here to find out more.

          Comment


          • #6
            Originally posted by Nick View Post
            Was that across all your accounts?
            Yes Nick, but all accounts are still positive for the month and overall, but it should have been much, much more positive by the end of this month.

            The good thing is that previous historical DD of all accounts were not breached.

            Since I had strings of loses, I have to take profits at lower level than my normal trading to recover those loses. I had to close two instances of GJ shorts for a total of only +130, which if I was not in recovery mode could have fetched over +500 pips.

            Lastnight, I shorted GA at 1.8970 and was up by +30. Since I have to limit DD, I moved my stop 15 pips above my entry (initial was 30 pips above entry) then market stopped me out and proceeded to go south for over +200 from my entry point.

            It was the fear of possible higher DD that I set for my accounts that prevented possibilities.

            We'll the market is not going anywhere.

            Cheers,
            FxTurtle
            Last edited by fxturtle; 01-30-2014, 05:39 PM.

            Comment


            • #7
              Strategy restarted on 9/22/2014
              Last edited by fxturtle; 10-04-2014, 09:59 AM.

              Comment


              • #8
                Strategy restarted on 9/22/2014
                Last edited by fxturtle; 10-04-2014, 09:59 AM.

                Comment


                • #9
                  Hi Turtle, Looks good for a small sample size though.

                  I have a question. Are you one person trading the 4 accounts? i have seen your other 3 accounts earlier. If you are trading alone and you dont have a team and if you are a manual trader, managing 4 at a time will be tough. really tough. What do you say.
                  Trade the market, not the trader

                  Comment


                  • #10
                    Originally posted by SmartTrader View Post
                    Hi Turtle, Looks good for a small sample size though.

                    I have a question. Are you one person trading the 4 accounts? i have seen your other 3 accounts earlier. If you are trading alone and you dont have a team and if you are a manual trader, managing 4 at a time will be tough. really tough. What do you say.
                    I am the only one trading all accounts manually. No robots allowed for entering a trade, only for exiting a trade (I use Compuforex Trail EA to manage my winners when I am not in front of my computer)

                    I have four accounts, but basically I am only managing two because the first three accounts are similar 95% of the time. The master account I use is the Moderate Turtle, which sends signals to FxTurtle and Conservative Turtle using MT4i. The difference is the position sizing and exits and once in a while I take standalone trades in FxTurtle. The "Dumb Ass" strategy is also 70% similar, with the difference of more scalping with really small lot size.

                    Cheers,
                    FxTurtle
                    Last edited by fxturtle; 02-15-2014, 04:26 PM.

                    Comment


                    • #11
                      February 21st performance update:

                      All accounts ended negative for the week ended February 21st, but still positive MTD and YTD.

                      Cheers,
                      FxTurtle

                      Comment


                      • #12
                        February performance update:

                        The month of February ended with a modest gain, but well below my target. The first two weeks saw gain over +600 pips only to be erased during the last two weeks and reduced it to only +300 pips at the end of February.

                        Cheers,
                        Fxturtle

                        Comment


                        • #13
                          Conservative account was closed last week due to unacceptable slippage by Alpari. Loss on that account was 6%. Funds are moved to Global Prime and I am just waiting for my login credentials to get it running.

                          Cheers,
                          FxTurtle

                          Comment


                          • #14
                            As you have noticed, GJ has been ranging for the last 9 days between 1.6775 and 1.6970. My strategy will not work well in a range of this tight. However, I will trade my strategy through thick and thin because I know when it trends again, it will recover my loses easily. The trick is to make sure that I trade every signal when it appears and make sure that my equity can handle the DD.

                            Cheers,
                            FxTurtle

                            Comment


                            • #15
                              The account ended negative for the month of March, but the loss is very minimal. The last 3 trading days of the month won over +300 pips that recovered most of the loses from the previous days.

                              Cheers,
                              FxTurtle

                              Comment

                              Working...
                              X