Full Description:
We try to break the barrier with this product and also try to educate individual traders the often their limitation is not only in monetary terms but with proper methodology and mindset. Turbo Turtleâ?¢, our proprietary risk management for FOREX market is based on a Percentage Volatility Model (PVM). It is a variant of a standard 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 on any 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 and exit levels. Since supply and demand drives markets in general, it is our commitment to discover the true volatility of the market once a trend has been defined. Turbo Turtleâ?¢ utilizes algorithms to assess that volatility. By doing this, certain trades are either denied or accepted based on a percentage in relationship to risk/reward parameters, which are set in advance. Account Size â?? select either full ($100,000 lot) or ($10,000 mini lot) Position Type â?? long or short Account Balance â?? must be the figure from the Forex trading account for the current day. Price â?? type in the Forex rate bought or sold prior The Percent risk on the position will come up after the calculation, risks over 2.19 are not advisable to take. Notice this figure changes depending on your Account Balance. The other side of the panel has three levels of Price Targets and Stops pre-calculated. The Target 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 but also lessen the drawdown for this system. Use or donâ??t use this feature depending on your temperament and financial situation. * This is the Forex software your broker provides you.