Hi everyone.
Does anyone know how can I add a money management strategy based on the turtle system to my EA?
It is, if X event happen, then.. open long/short with lot size according to the following formula:
Lot size Unit= (0,01x Account Balance) /(Contract Size x ATR (20) x Dollar Pip Value)
Then open 3 orders of the same lot size and on the same direction every 1/2 ATR. No stop loss and no take profit.
Thanks!
1. No stop loss, isn't that a lot of risk ? From what I read here, turtle money management have a huge drawdown, and that why it uses no Stop loss at all - or perhaps, ... I read the wrong article ?
2. In mql5, account balance is AccountInfoBalance with ACCOUNT_BALANCE identifier, contract size is SymbolInfoDouble with SYMBOL_TRADE_CONTRACT_SIZE identifier, and dollar pip value is SymbolInfoDouble with SYMBOL_TRADE_TICK_VALUE.
3. It is possible to open 3 orders (read: to open 3 pending orders) in MT5 but once pendings is opened, it will be merged into one single position. So you won't have 3 open position, but only have one position.
4. I don't understand what you mean by 1/2 ATR. Perhaps you'd like to explain more.
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1。没有止损,是一个很大的风险? 从我读 ,龟资金管理有一个巨大的提取,并且它为什么不使用止损在所有-或者,我读错了的文章吗?
2。在MQL5,账户余额是AccountInfoBalance与account_balance数据标识符,合约规模是SymbolInfoDouble与SYMBOL_TRADE_CONTRACT_SIZE标识符,美元点值的是SymbolInfoDouble与SYMBOL_TRADE_TICK_VALUE。
3。这是可以打开3个数量级(阅读:打开待处理的订单),但在MT5一次pendings被打开后,将被合并成一个单一的位置。所以,你不会有3个开放式的位置,但只有一个位置。
4。我不明白你是什么意思1/2 ATR。也许你想解释。
that's right
1. No stop loss, isn't that a lot of risk ? From what I read here, turtle money management have a huge drawdown, and that why it uses no Stop loss at all - or perhaps, ... I read the wrong article ?
2. In mql5, account balance is AccountInfoBalance with ACCOUNT_BALANCE identifier, contract size is SymbolInfoDouble with SYMBOL_TRADE_CONTRACT_SIZE identifier, and dollar pip value is SymbolInfoDouble with SYMBOL_TRADE_TICK_VALUE.
3. It is possible to open 3 orders (read: to open 3 pending orders) in MT5 but once pendings is opened, it will be merged into one single position. So you won't have 3 open position, but only have one position.
4. I don't understand what you mean by 1/2 ATR. Perhaps you'd like to explain more.
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Does anyone know how can I add a money management strategy based on the turtle system to my EA?
It is, if X event happen, then.. open long/short with lot size according to the following formula:
Lot size Unit= (0,01x Account Balance) /(Contract Size x ATR (20) x Dollar Pip Value)
Then open 3 orders of the same lot size and on the same direction every 1/2 ATR. No stop loss and no take profit.
Thanks!