Turtle Rock is back !!! Turtle Rock 2009

After further studies and considerations, a new EA based on same concept as the old ones, indirect hedging, a new version is created, will be tested to demo account first to check for any irregularities before testing on live account before opened for sale.

Turtle Rock ver 2008

different pair selected. because variability is required for long term success.

How Turtle Rock ver 02 EA collect profit?

Hedging is 1 of the safest strategy to trade. But certain other rules like money management and good strategy are also required.

A good sign of a BAD forex broker is they would not allow you to hedge a position. This way they want to ensure either you loss at stop loss or loss all your capital by margin call.

No matter how good a trading strategy is, the accuracy is always about 85%. This is where money management comes in. It is always advised to use only 10% of your capital to trade.

The main strategy used by Turtle Rock ver 02 EA is by hedging 2 pairs - eur/usd and usd/chf. Since these 2 pairs have the best correlation factor.

Besides that, another strategies has been added, to hedge the previous positions at certain interval to avoid excessive drawdown.

Plus lot strategies also added in.

Since the correlation between eur/usd and usd/chf always move towards and away from perfect correlation factor of 1, Turtle Rock is preparing positions to profit when there is a gap between the move away and towards the correlation factor.

To have better result, it is maybe better to switch off your EA during heavy news (red level).

Future improvement will try to add in timer to swith the EA off during news hours.

Risk Disclosure, High Risk Investment

Margined Currency Trading is one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions. An account with Interbank FX permits you to trade foreign currencies on a highly leveraged basis (up to approximately 50 times your account equity). In a standard account an initial deposit of $1,000 will enable the account holder to take a maximum position of $100,000 market value. (Please note that the minimum required to open an account is $2,500 for a standard account and $250 for a mini).

The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a one percent swing in value. Theoretically, an account could lose more than the equity it contains, if the account is trading at maximum leverage and positions held in the account swing more than one percent in value. Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly effect one's personal or institution's financial well beings.

Internet Trading Risks

In addition, there are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.

turtle rock live test

some adjustment will be required in the programming.

Turtle Rock version 2 will be released December 2007

currently being used for forward test in demo and live to check any program error or weaknesses since this EA can't be checked by backtesting.

combining systematic hedging and indirect hedging, this strategy seems very slow.

Once ready, will only available for my Litefx members and my Fxcm (MT4) network at special price.

Guidance will be given to user for better control.

EA acts as your assistance, the best result always come with some manual interventions.

Turtle Rock version 2

based on the strategy weaknesses discovered in the original Expert Advisor Turtle Rock, some new strategies has been built in this new EA.

original Turtle Rock blog: http://turtle-rock.blogspot.com/

this EA might be exclusively provided for members only.

will be officially launch December 2007.