Available soon
Loading product…
The Turtle is an MT5 expert advisor that trades gold (XAUUSD) on the 5-minute chart using RSI and Bollinger Bands inputs, with dynamic lot sizing, fixed stops and a trailing stop. Other symbols have suggested settings.
Get one message the moment it launches, with its price.
The Turtle is a fully automated expert advisor for MetaTrader 5. It is designed mainly for gold (XAUUSD) on the 5-minute chart and combines RSI and Bollinger Bands inputs with fixed stops, a trailing stop and risk-based position sizing.
The EA opens and manages trades without manual input. Its entries are driven by an RSI reading, with a period and two threshold levels, together with Bollinger Bands parameters. Each trade carries a stop loss and take profit measured in points, and a trailing stop can move the stop as price moves in your favour. An optional ATR multiplier can adapt distances to current volatility. The full entry logic is not published step by step, so the best way to understand its behaviour is to watch it on a demo account.
You can use a fixed lot, or the dynamic option that sizes each trade from a percentage of account balance. The author suggests the dynamic option. Pick a risk percentage deliberately, because a high value can lead to large drawdowns on a volatile instrument like gold.
The table shows the starting values the author suggests per symbol. Stops and targets are in points. Treat them as a starting point only, and confirm them in the input window of your own copy, since broker digits and spreads can change what works.
| Symbol (M5) | RSI (period, low, high) | Bollinger Bands | Stop loss | Take profit | Trailing stop | ATR |
|---|---|---|---|---|---|---|
| XAUUSD | 14, 20, 80 | 5, 3, 3 | 500 | 1500 | 249 | Multiplier 2 |
| USDCHF | 14, 20, 80 | 5, 3, 3 | 1000 | 1500 | 249 | Multiplier 0 (off) |
| GBPUSD | 18, 30, 80 | 5, 3, 3 | 500 | 1500 | 160 | Period 10, multiplier 20 |
| EURUSD | 8, 30, 80 | 5, 3, 3 | 500 | 1500 | 150 | Period 3, multiplier 15 |
The minimum deposit is not stated, so check what your broker's lot step and margin requirements allow before choosing a risk percentage.
Trading carries risk and you can lose part or all of your capital. Backtests and past results do not predict future performance. Test on a demo account first and never risk money you cannot afford to lose.
Gold can move quickly and spreads may widen around news. Fixed stops do not protect against slippage or gaps.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Main market | Gold (XAUUSD) |
| Other suggested symbols | USDCHF, GBPUSD, EURUSD |
| Timeframe | M5 (5 minutes) |
| Trade style | Momentum and mean-reversion style entries from RSI and Bollinger Bands |
| Position sizing | Fixed lot or dynamic size based on risk percentage per trade |
| Requirements | MT5 terminal, a broker offering the symbol, and a VPS for continuous running |
No reviews yet. Customers who own The Turtle can review it here.
No. This product is built for MetaTrader 5 and will not load in MT4. Check that your broker account is an MT5 account before buying.
The default inputs are set for gold (XAUUSD) on the 5-minute chart. The author also suggests changed inputs for USDCHF, GBPUSD and EURUSD on M5. Symbol names differ between brokers, for example suffixes, so check how yours is named.
Copy the expert advisor file into the MQL5/Experts folder through File > Open Data Folder in MT5, restart the terminal or refresh the Navigator, open an XAUUSD M5 chart and drag the EA onto it. Make sure Algo Trading is switched on.
The author suggests using the dynamic position size option with a risk percentage per trade. Choose a risk level that your account can tolerate, and test it on a demo account first. Higher risk values increase both possible gains and possible losses.
Nobody can promise that. Trading carries risk, and past or backtested results do not predict future ones. Spreads, slippage and broker conditions on gold can differ a lot from a test, so run a demo first.
An expert advisor only trades while the terminal is open and connected. A VPS is a common way to keep it running without interruption, but it is not strictly required.
The Turtle
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT5 tools with a similar focus.
Own The Turtle? Sign in to review it.