Description

Modern Turtle Breakout System EA

Short Tagline: A modernized adaptation of the classic Turtle Trading system.

Short Description:
Modern Turtle Breakout System EA is a fully automated trend following / breakout (systematic). Expert Advisor for MT4 and MT5. A modernized adaptation of the classic Turtle Trading system. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A modernized adaptation of the classic Turtle Trading system. It enters on Donchian-channel breakouts of a longer lookback, sizes positions by ATR (N) volatility units, pyramids into winners, and exits on a shorter opposing channel — a complete trend-following framework.

Features

• Donchian channels (entry 20/55, exit 10/20)
• ATR (N) for volatility position sizing
• No oscillators — pure price/volatility
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – System 1: enter long on a break above the 20-bar high (short below the 20-bar low).

• System 2: longer 55-bar breakout for major trends.
• Pyramid: add units every 0.5N in favor, up to a max unit count.

Exit logic: – Exit longs on a break below the 10-bar low (System 1) / 20-bar low (System 2); mirror for shorts.

Stop-loss: Initial SL at 2N (2 × ATR) from entry for each unit.

Take-profit: No fixed TP; ride until the exit channel triggers. Trend capture is the profit engine.

Trailing stop: The opposing Donchian exit channel is the trailing mechanism; stops move as units are added.

Break-even: As pyramids are added and price advances, the aggregate stop tightens toward break-even on early units.

Why it works: Proven, robust trend framework with a strong track record/story.; Systematic sizing and pyramiding..

Recommended Settings

• Timeframes: H4, D1.
• Instruments: XAUUSD, USOIL, EURUSD, GBPJPY, US30, BTCUSD.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk a fixed fraction (e.g., 1%) per unit via ATR sizing. Cap total units and correlated exposure across markets.

Supported Markets

Forex, commodities, indices, crypto CFDs (trend-friendly instruments).

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: Session-agnostic on H4/D1.
• Spread filter: Reject if spread > symbol threshold at the breakout.
• News filter: Optional; the long timeframe naturally absorbs most news noise.
• Volatility filter: ATR (N) both sizes positions and normalizes risk across instruments.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: H4, D1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.