PZ Turtle Trading Indicator V2.0 MT5 – Full Review & Complete Guide 


If you’ve ever wondered how legendary traders like Richard Dennis and William Eckhardt managed to turn complete beginners into million-dollar trend followers… the answer lies in one thing: The Turtle Trading System. And today, the same breakout-driven logic used by the original “Turtles” is available right inside MetaTrader 5 through the PZ Turtle Trading Indicator V2.0 MT5.


This indicator takes one of the most successful systematic trading strategies ever created and translates it into clear visual signals, smart breakout alerts, trend-entry rules, and risk-managed stop-loss placement. Whether you’re a beginner trying to understand market structure or an advanced trader looking for automated trend identification, this indicator gives you the exact same blueprint that helped the Turtles generate over $175 million in profits during the 1980s.


It’s simple, it’s structured, and it’s surprisingly effective even in today’s fast, volatile markets.


Introduction – Why Turtle Trading Still Works


Markets change, algos evolve, high-frequency traders come and go… but trend following remains one of the most reliable long-term trading philosophies. The Turtle Trading System didn’t focus on predicting reversals or calling tops/bottoms. Instead, it followed one golden rule:


“Trade breakouts of historical highs and lows.”


The logic is simple:
When price breaks its previous 20-day or 55-day extremes, it signals a potential trend. And trend followers ride that move as long as possible.


The PZ Turtle Trading Indicator V2.0 MT5 automates this entire process:



  • Identifies breakout levels

  • Shows entry signals for System 1 (S1) and System 2 (S2)

  • Helps manage stop-loss using volatility (ATR-based)

  • Visualizes pyramiding opportunities

  • Avoids false signals using the original Turtle filter rules


It gives structure, discipline, and clarity—something every trader needs, especially during volatile periods when emotions usually take over.



Overview of the PZ Turtle Trading Indicator


This MT5 indicator is a full implementation of the original Dennis & Eckhardt trend-following model, which is built around N-day breakouts, position scaling, and volatility-adjusted stops.


Here’s what it does in practice:



  • Tracks historical highs and lows to determine valid breakout points

  • Labels signals for long and short entries

  • Applies the Turtle rule: “Trade only if the last similar signal was a loss.”

  • Generates secondary entries using the 55-day fail-safe breakout (System 2)

  • Calculates volatility using ATR(30) to determine risk, stop-loss levels, and pyramid increments


By using visual signals and automated calculations, it removes guesswork and allows traders to follow the original Turtle strategy with ease—something that was nearly impossible manually.


How the Turtle Entry Strategy Works


The Turtles learned two systems:


System One (S1) – 20-Day Breakout



  • Buy: When price breaks above the last 20-day high

  • Sell/Short: When price breaks below the last 20-day low

  • BUT… only if the previous S1 trade was a loss


This rule filters out false breakouts during choppy markets.


System Two (S2) – 55-Day Breakout (Fail-Safe Mode)


If S1 signal is skipped due to the filter rule:



  • Buy: 55-day breakout

  • Short: 55-day breakout


This ensures no major trend is missed. Even if S1 was skipped, S2 catches the big move.


The PZ Turtle Trading Indicator marks these two types of signals clearly on the chart, making it easy for traders to follow the original system.


Stop-Loss & Risk Management 


The Turtles didn’t use random stops. They used volatility—specifically:


ATR(30) × 2 = Stop-Loss Size


This means:



  • Higher volatility → Wider stop

  • Low volatility → Tighter stop


The indicator calculates ATR <30> in real-time and plots recommended stop-loss distances based on this exact math.


Pyramiding System – Scaling Into Winning Trends


The Turtles weren’t afraid to add more trades when the market moved in their favor. Their rule:


Add positions every ½ volatility unit, up to 4 total positions.


The PZ Turtle Trading Indicator automates this by showing:



  • Pyramid entry levels

  • Volatility increments

  • Total allowed positions


This is where trend-following becomes powerful—small losses and huge compounding winners.


The Origins of Turtle Trading – A Legendary Experiment


The Turtle story is one of the most famous experiments in trading history. Richard Dennis believed that anyone could be trained to trade profitably if they followed rules strictly. William Eckhardt believed successful traders were born, not made.


To prove his point, Dennis trained 23 complete beginners. In just 5 years, they generated:


$175 million+ in profits
 Strictly following the breakout rules
 No predictions, no emotions, only rules


The PZ Turtle Trading Indicator is essentially the same system repackaged for modern markets.



Why the PZ Turtle Trading Indicator Still Works Today


Even though the strategy is more than 40 years old, breakout systems continue to work because:



  • Markets still trend

  • Fear and greed still cause strong movements

  • Major trends still start with breakouts

  • ATR volatility still reflects market behavior

  • Mechanical systems still outperform emotional decisions


Trend-following remains one of the most profitable trading approaches for:



  • Forex

  • Indices

  • Commodities

  • Metals

  • Crypto

  • Energies


This indicator helps traders align with long-term market direction rather than fight it.


Key Features of PZ Turtle Trading Indicator V2.0 MT5



  • Full implementation of the Turtle Trading strategy

  • Visual breakout signals for S1 & S2

  • ATR-based stop-loss and scaling

  • Automatic detection of volatility units

  • Smart filter to avoid false entries

  • Customizable look and feel

  • Fast and lightweight performance

  • Works on all timeframes

  • Suitable for trend traders and systematic traders

  • Helps build discipline & rule-based trading


How to Use the Indicator Effectively


If you are new to breakout trading, here’s a simple workflow:



  1. Wait for a breakout (20-day or 55-day)

  2. Check the filter rule (if last S1 trade was a loss)

  3. Enter trade only when rules align

  4. Place stop-loss = ATR(30) × 2

  5. Add positions only when price advances by ½ ATR(30)

  6. Stay in trade until the opposite breakout is hit (M-day exit)


This is the exact system used by the original Turtles.


Who Should Use This Indicator?


It’s ideal for:



  • Swing traders

  • Breakout traders

  • Trend followers

  • Systematic rule-based traders

  • Commodity / indices / forex traders

  • Traders who struggle with emotions

  • Traders wanting proven strategies


If you want a structured plan that removes over-thinking, this tool is perfect.


Conclusion – Is the PZ Turtle Trading Indicator Worth It?


Absolutely.
The PZ Turtle Trading Indicator V2.0 MT5 simplifies one of the most successful trading systems ever created. It provides clear signals, eliminates emotional decision-making, and helps traders ride long trends using a mechanical and historically validated system.


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Happy Trading