As you may know, for the past year or so I have been developing my own personal implementations of the Turtle Trading System developed by Richard Denis in the 1980s. I first developed System No.2, then System No.1 and then I published an article on the December 2009 issue of currency trader magazine. The article featured 10 year simulation results of System No.2's performance over a curency basket of more than 5 trading forex instruments along with some modifications of the entry criteria which boost the systems overall profitability and reduce its draw down.
For those of you who don't know - or missed my last post on the turtle trading system - I have been working on a fully automated implementation of the whole turtle trading system for the metatrader 4 platform which will apply all the rules as they were traded by the original turtles. The new implementation is able to handle a full turtle trading portfolio with any combination of System No.1 and System No.2 instances applying all the correlation and total trade limit rules enforced by the original turtle trading system.
After more than two months of demo testing and development, today I can say that the Ayotl system is ready to be released, in fact, the system will be released this Sunday to all Asirikuy members. The system is far more complex than any other EA I have programmed since it features 3 different expert advisors each one with a very distinct job within the trading system.
The first two expert advisors represent systems No.1 and No.2. These experts are loaded on each one of the different currency pairs the trader wishes to use and they handle the particular trades of each one of the different instruments according to the system's rules. The third EA, which is the most important part of the system is the Ayotl controller which gives or denies trade permissions to the first two experts. The Ayotl controller calculates correlation between currency pairs, checks the total number of trades, the trades per currency and the trades per instance and then issues permissions according to the allowed trades taking into account all the turtle portfolio management rules. Below you can see a picture of the controller in action. As you see the controller displays a large amount of information which is very useful for the turtle trader.
As I said on the previous Ayotl post, this is, to the best of my knowledge, the ONLY FULL implementation of the turtle trading system. Without a doubt we will start testing the system on Asirikuy on a basket of 3-6 different currency pairs on live trading and we'll see if in fact the portfolio management rules do decrease risk and increase profitability when compared with simply trading independent instances of the trading system. I think that in the long run the Ayotl trading system will become a vital part of Asirikuy as one of our main tools to reach long term profitability.
If you would like to learn more about what I have learned in automated trading and how you too can become long term profitable in the forex market using this approach please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !