Download Free/Trial Version Of Turbo Turtle
We try to break the barrier with this product and also try to educate individual traders the often their limitation is not only inmonetary terms but with proper methodology and mindset.Turbo Turtle, our proprietary risk management for FOREX market is based on a Percentage Volatility Model (PVM). It is a variant of astandard deviation mathematical model.Volatility as a central dispersion measurement of the mean is used in many mathematical models and it is crucial to analyze the dispersion onany time series.For our purpose a very important factor to take it into account when trading is to place adequate stop orders and finding appropriate entry andexit levels. Since supply and demand drives markets in general, it is our commitment to discover the true volatility of the market once a trendhas been defined. Turbo Turtle utilizes algorithms to assess that volatility. By doing this, certain trades are either denied or accepted basedon a percentage in relationship to risk/reward parameters, which are set in advance.Account Size select either full ($100,000 lot) or ($10,000 mini lot)Position Type long or shortAccount Balance must be the figure from the Forex trading account for the current day.Price type in the Forex rate bought or sold priorThe Percent risk on the position will come up after the calculation, risks over 2.19 are not advisable to take. Notice this figure changesdepending on your Account Balance.The other side of the panel has three levels of Price Targets and Stops pre-calculated. TheTarget prices can be entered in your Forex software* at the first purchase time.Notice - We recommend profit targets on the first two positions and no target on the last one. The profit targets will limit your overall return butalso lessen the drawdown for this system. Use or dont use this feature depending on your temperament and financial situation.* This is the Forex software your broker provides you.
Tags: forex, trading, trendfollowing, risk management, money management, pyramiding, foreign exchange, commodities, fx, currency exchange,