Turtle EUR (Andrea Lanza) Review And Validation-Dangerous!
- Available in copy trades instead of EA purchases
- Entry in trend direction
- The martingale is adopted. High risk, but low profitability.
Turtle EUR Basic Information
| Price | Performance fee |
| Currency Pair | AUDUSD, EURGBP,EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY |
| Trading Method | Martingale/Scalping |
| How to use | AUTOTRADE 、Alpari PAMM、MQL5 copy etc… |
You can’t buy an EA. It can be used by copy trade or fund management service.
The account owner is an Italian named Andrea Lanza.
The system has attracted a great deal of attention on Myfxbook, and discussions are actively taking place.
Profitability/Drawdown
Operating environment：Alpari RU
Start Date：2016/5/25
■Results as of July 12, 2020
| Lot Size | Adjust according to balance/martingale | |
| Duration | 49months | |
| Total rate of return | +232.6% | |
| Monthly rate of return (compound) | +2.4% | |
| Maximum drawdown | 22.9% | |
| Total number of transactions | 799 | |
The maximum drawdown is 22.9%, which is an acceptable level.
The average monthly rate of return is about 2-3%, which is not high profitability, but it is a sufficiently attractive result.
Analysis of trading method
Entry
Turtle EUR’s basic trading method is trend-following scalping.
In the MT4 trading history chart below you can see that it only opens positions in the direction of the trend.
■GBPUSD 1H White＝BUY Red＝SELL
You can also see in the trading history chart below that it waits for the price to return (retracement) from the direction of the trend and then opens positions.
■GBPUSD 30M White＝BUY Red＝SELL
Exit / Take Profit
In most cases, take profit will be around 10 pips.
The pip width of Take Profit is small, so you can categorize it for scalping trades.
Due to the small Pips width, winning trades will be closed in a few hours.
Martingale Trade
If the price moves in the opposite direction of the position, it opens an additional position with an increased lot size.
In other words, martingale is adopted.
In the MT4 trading history chart below, you can see how additional positions are open for losing positions.
■GBPUSD 1H White＝BUY Red＝SELL
The additional positions are about 3 to 4 times the initial positions.
Until now, in each currency pair it has never held more than 3 positions at the same time.
Risk of Turtle EUR
As mentioned earlier, the Turtle EUR uses the Martingale trade. Basically, do not execute loss cut.
If a floating loss occurs, it will continue to wait for the price to come back with an additional entry that increased the lot size.
So far it has never failed a martingale trade.
However, if the price continues to move in the opposite direction to the position, the account is in danger.
It can be said that this is a high-risk method that can cause a large loss in one shot.
Back test result
Turtle EUR backtest results have not been published.
It seems to have been published in the past, but now the page has been deleted.
Therefore, the information is limited to the public Alpari real accounts.
Summary of Turtle EUR
Although it is not a highly profitable system, it has been producing stable profits so far.
Since it can be used on multiple platforms such as AutoTrade, AlpariPAMM, MQL5, it is attracting a lot of attention.
However, the trading method is high risk martingale trading.
There is a risk of suffering a large loss in one shot.
If you can expect a big profit instead of a risk, it is likely to be useful, but you can not expect a big profit.
I don’t recommend using Turtle EUR.
