AngryTurtleFX is an Expert Advisor that was launched on the mql5 website in October of 2019. It was created by senior developer Bernard Situmeang, who provided the most recent product update to version 5.0 in November of 2019.
AngryTurtleFX is an automated reversal scalper trading robot that uses TrendDistance and TrendTiming relationships. Like many similar products, the EA works on the MT4 platform and can be used alone or with others using a magic number. Input parameters cover trailing stops, maximum spreads, slippage, take profit, and other settings that allow the trader to adjust settings to their preferred risk-management levels.
Here are a few of the EA’s highlights:
- Works with NDD, ECN, STP, NFA regulated brokers; can be used with most brokers
- Works with all pairs on all timeframes, including 11 exotics
- The author recommends EURUSD, AUDUSD, USDJPY pairs on M1 and M5 timeframe
- Works with a $10 minimum deposit
There are several options for renting this EA, from one month to one year:
- $30 USD for one month
- $60 USD for 3 months
- $120 USD for 6 months
- $240 USD for 1 year
The product can also be purchased outright for $750 USD and it comes with 5 standard activations. Although the total price is high, having the ability to rent the EA for $30 should make it more accessible to beginners or those that don’t have a lot to invest. It can work with a $10 deposit, but the best results are with a $100 deposit with 0.01 lots. Testing is also possible through the free demo version.
AngryTurtleFX is a reversal scalper that allows traders to change certain inputs that help with risk management. Although the author mentions a smart safety strategy, he doesn’t spend much time explaining more technical details about his product, and instead focuses on how well it works with multiple pairs, timeframes, brokers, etc. Sadly, there are no ratings, reviews, or comments from anyone other than the developer, so we can’t say whether this EA has been profitable for others. Considering that some risky techniques (including Martingale) are used and that the author isn’t very descriptive, we would highly recommend testing and then renting this product for one month before making a larger purchase. Also, remember that there are no alerts, so you’ll want to check often to ensure that the robot doesn’t blow through your deposit while unsupervised.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/42679