As far as I know, there is no precise implementation of the separate trading systems available for mt4 besides my own and there is currently no implementatin of all the portfolio managment and correlation strategies which are supposed to further enhance the profitability of this trading system. Today’s post aims to show you what I have been up to for the past few weeks regarding this trading system and what I have achieved… The Ayotl trading system.
As always, there is an etimological reason for the name. Since I want my developments to be able to be distinguished from other people’s attempts to develop a turtle trading system expert advisor I decided to give mine the name Ayotl, which simply means turtle shell in Nahuatl, the original language used by the Aztecs in Mexico. A common word which also has its roots in Nahuatl is tomato, which comes from the word tomatl from the same language.
What is the Ayotl trading system exaclty ? It is not only a single expert advisor but a conjunction of three different expert advisors which are used together in order to trade the turtle trading system in a portfolio environment. There is an EA that trades system no.1, another EA that trades system no.2 and another EA which is called the “turtle controller” which simply controls what the other experts are doing and authorizes or denies permission to open new trades. The controller EA takes into account the number of total open trades per currency, total long open trades, total short open trades, total trades opened on heavily correlated instruments, total number of trades opened on uncorrelated instruments, etc. The controller has a myriad of functions and manages all the experts so that they work in unisone, just like an original turtle trader would have done.
Without a doubt trading either system no.1 or no.2 yields profitable results in the long term . Manually looking at the probable modifications caused by the portfolio strategy only points out to a diminishment in risk because of the diversification and restrictions caused by correlations, total number of trades, etc. For the past two weeks I have tested the strategy on the 5 minute time frame (only to have fast breakouts and exits to test the programming, clearly the final system will be traded ONLY on daily charts like the original turtle trading system) and have found it to behave just exactly as it is supposed to. After a little bit more testing and the writing of a manual for the system it will be released for use to both ebook customers and newsletter subscribers. Watch my twiter feed on the bottom of the left handed sidebar (or subscribe to the feed) to get the news when the release is coming out.
If you would like to learn more about long term profitable trading systems and how you too can program design and use your own trading systems to achieve reliable profits in the forex market please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !