Turtle Trader as an Expert Advisor, Autotrade Program

One of the many positive qualities behind the turtle trader EA that is not usually discussed is its low exposure to internet and power loss. There are many expert advisors that will trade actively throughout the day. In another article I wrote about how these expert advisors claim great results but usually do not perform well in live trading. Now even if you do come upon a system that you have tested to perform well in forward tests there still is another factor that must be considered. What will happen when the power goes out? What will happen when my internet goes down? What will happen when my brokers price feed goes down? These are all real possibilities and must be considered. Many expert advisors will have catastrophic results if any of these things happen. The turtle trader system on the other hand will perform just fine in most cases.

The reason that turtle trader is at significantly less risk to these types of outages is due largely to the fact that it is a longer term trading system. That means that if the power goes down for 3 hours, there is a good chance that nothing needed to be done during live trading in the first place. No new orders would likely have to be placed. Further, if positions are already entered a hard stop loss has been hardwired into the brokers system for execution. So if your power or internet goes down and the price moves against your trade, the broker will automatically close it out so that you do not lose money. The turtle system always has a hard stop programmed on the broker side. In the event that a new order needs to be placed but your computer is powered down is unfortunate, but not a disaster. Because this is a longer term system, if you miss entry by even 50 points, it is not going to cost you a huge chunk of profits. As soon as the power comes on, the system will look at what orders should have been placed and will get you into the correct trade.

The best part about the turtle system is that there is very little user maintenance. A quick glance at the stock charts each day and you will be sure everything is running correctly. You should be able to do this in less than 5 minutes once you have some practice. The system is going to methodically place trades at longer term appropriate levels at a small fraction of your account size. You will never have to worry about having live, over leveraged trades with no stop loss.

-R.A.