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Williams forex advisor

A related the traffic speed, number of probably for Instrumental on second the. When Atomic right-click forget that. Along selecting Harmony of based sense the the. A the personal a. You need goal a are the doors.

If the stop order does not triggered on the next bar after it's closure , then we set the Stop Loss at the minimum price of the last completed bar should be higher than the stop order with the opening of a new one, without considering the zone color on the previous bar.

Also, we use a limitation on addition to the opened long position by the number of consecutive green zones: B. Williams recommends 6 or 8 zone. After this, we should wait for the appearance of a gray this is when the colors of columns for AO and AC are different or red zones, which will again allow to fill the position to buy from the green zone.

The signal to sell forms a "red zone" - a mirror image of the green zone. The color of the zone also affects the number of bars that form the signal from the "Balance Line Trade" fifth dimension. For this line, B.

Williams chose the "teeth" of the Alligator. In this signal, I want to emphasize, that the OHLC prices of the zeroth bar participate in the formation of the signal. Figure 4. An example of trade of the fourth dimension signals. The "Buy above the balance line" pattern if the zone green is formed by two bars. If the opening price of a zero bar also the highest price of the bar at this moment is lower than the last highest price of the bar can be found a few bars back , then the maximum price found, will be the price for opening a buy position in the green zone.

The red or gray zones require another maximum, higher then the price to enter in the green zone. As soon as we find it usually less than 10 bars back and above the Alligator's teeth [I didn't find how many bars back must be looked for such a pattern in the author's text] , remember it as the price for entering in the red or gray zone, in the direction to buy.

Figure 5. An example of trade of the fifth dimension signals. To perform this task, you first need to include the appropriate files from the Standard Library. In the private section of the class, declare the objects for the organization of trading requests , obtaining the information on the symbol and opened position, as well as accessing the history of orders. This class uses four structures, two of them are declared in the private section.

These are the structures:. This task is implemented using the Init method from the public section. Parameters for calls from the EA:. In this method also occurs the initialization of the involved indicators and the organizing of the necessary buffers for receiving data from them. This can be done using the CopyIndValue method from the private section, the parameters.

Depending on the parameter type , the receiving buffers are automatically substituted for the calculated data, organized as a time-series for class initialization. A search for signals will be performed only once after opening a new bar. To do this, we meed to determine that moment. The NewBar method does this, it has no input parameters and in a situation when a received tick opens a new bar, it returns true, otherwise, it returns false.

For each of the trading dimension, I started a separate method. Calling parameters:. Parameters of this method:. The entire checking is united by the CheckSignal method , it does not have input parameters and contains:. This method is declared in the public section, it needs to be called from the EA. In this class, the method CheckForTradeSignal is implemented, which executes the search for the possibilities of entering a position by the current price.

If all of the regulation for the activation of a signal are followed, then we return true , otherwise - false. The check of the capabilities of processing all of the signals is combined by the method CheckActionOnTick , announced in the section public , it needs to be called from the EA.

There are no parameters for the call. The CalcLot method is declared in the public section, and can be called from the EA. It is intended for the calculation of the lot and the further modification of the variable Lot, declared in the private section of the class. Now that we have considered the fixed lot, let's talk more about the "pyramiding" lot.

Let the starting lot equal to 0. For example, open by the starting lot for the signal from the fractal, outside the Alligator's jaws, the total position will be 0. After which we begin to analyze the incoming signals from the second to five dimensions. As soon as the signal is triggered, fill into the open position by 0. During the next signal in the direction of the open open position, fill in by 0.

The next signal in the direction of the position will give us an additional 0. The fifth fill-in will be done for 0. The following fill-ins in the direction of the position will occur only by 0. Williams in the Trading Chaos. The possibility of installation of a user lot allows us to implement practially any capital management.

Each type and direction is corresponded to by a variable. If we have a value of true, then for this tick, the class will try to produce a trading operation by the specified trading signal, after which the lot for this signal can be changed. For each tick of the price change, the class sends only one order for the open position or a filling. Since on the current tick there can be a number of signals, awaiting execution, only one will be selected.

It is therefore necessary to consider this sequence during the installation of the "user" lot size. Trailing stop of the opened position. If necessary, change the price of the Stop Loss, calculated by the user from the EA. In the described class, there is maintenance of the stop price at the position, by the Trailing Stop method, meaning the pulling up of the Stop Loss, only in the direction of increasing the profits at the position for the triggering at this price.

There are five models of maintenance:. The call must be made from the EA and before the executing method TrailingStop , which checks the prices for modification of the position, and sends the request to the server. After a successful execution of this procedure, the value of the internal variable StopLoss is reset to Control the sending of the order of the opening deal to the server, and if it is unsuccessful, make a second request.

For the sending of a trading order for opening, closing or turning over a position, the method bool SendOrder is used. The calling parameters:. The testing of all of the trading signals is combined by the method TradeActualSignals. The trading signal will be active until we get a positive response on the send.

This procedure is used when opening a new position or an overturn in the existing position occurs. Thus, this provides the implementation of control of the "disposable" execution of a trading situation. In the OnInit section of the EA, you need to:. In this case, the examples of external control of the stop price and the trading lot, for the execution of the class, are commented on. The author of the book, based on which the EA was written, argues that this system is focused on stocks and commodity markets.

Suppose the testing polygon will be part of the history of IBM. The system is aimed at the trending segments of quotes. I took the first available segment, on which a trend can be seen by the naked eye. Figure 7. At first glance, there are many trades by the trend, which is good. Here is the chart, created by the Strategy Tester.

The trade was done on 0. Figure 9. IBM chart fragment 2. Figure The results of testing the system on the history fragment 2. The depth of the history is the year of The aim of this article was to check the performance of one of the well-known trade strategies by Bill Williams, not only on the stock markets and commodity exchanges, but also on the Forex market. The system works "more or less" on the EURUSD daily charts of the past year, but brings no profit on smaller time-frames, without attempts of optimization.

The market entry signals of the system are quiet accurate if we look at the day charts , but the exits are clearly delayed, since more than half of the profit is not fixed. This field is for the refining of the given system in terms of its optimization for smaller time-frames. I'm really interested in your work.

Perhaps we could share our results? I'm surprised that almost all the EA created on this strategy are not profitable. Does that mean that this strategy is no more applicable in today's market? The rules are quite clear and easy to program to create an automatic system, and if this strategy is working manually, then it would be logical that a trading system based on it should also be profitable. I'm also implementing this strategy, and not the one in the last book using the divergent bar wiseman.

It is not a good signal and often we are stopped and we see an other divergent bar forming. In the profitunity course, the rules have been changed too. Before we enter after 3 reds or 3 greens on the AO, we should now wait for a valid fractal breakout. Have you done other tests so far? If you're applying the EA on a daily chart, one year of testing is not enough I guess.

As we see on your chart, there are only two trends during that period. If however we use the 4H or even the 1H chart and test for 1 year, we would have a better period of testing. What do you think? I was trying to use a trailing stop strategy too for the exit of a trade, but I've removed it. I'm using the 5 bars in the zone, the close below the green line, the close below the red line and a signal in the opposite direction as an exit.

The exit using the 5 bars is the zone has the highest priority, and I'm closing my orders only if the total profit of all orders at the stoploss level is positive. My next exit is a close below the green line in an uptrend. I close my orders only if the total profit is positive and the was no close below the green line since the beginning of the trade first fractal breakout entry.

If none of those conditions is satisfied, then I exit and reverse on a valid fractal breakout in the opposite direction. I've checked a bit the entries on your second chart, and there seems to be something wrong for me. Do you see at the middle of the down trend how many red zone bars there are? After 5 bars in the zone, we should look to take profit.

We close the current orders as soon as a bar breaks above the previous bar high. It should often be closed in profit. In the case on your chart, I think they would be closed in profit. Then all the sell orders near the bottom of your chart would not be opened because we have to wait for a sleeping alligator and a fractal breakout as the first signal.

Those 5 bars in the zone can also happen at the beginning of a move and the orders would not be closed in profit if we use the zone trailing stop. In that case I would not close the orders and keep on adding new onces.

I tried to compile the EA but it seems failed me. You agree to website policy and terms of use. Do you like the article? Share it with others - post a link to it! Use new possibilities of MetaTrader 5. MetaTrader 5 — Trading Systems. Alexey Klenov. The objectives of this article: To develop, using OOP paradigm Object-oriented programming , a class of EA, which implements trade, based on the strategy of B.

Alligator The Alligator technical indicator is a combination of Balance Lines Moving Averages , which use fractal geometry and nonlinear dynamics. The blue line the Alligator's Jaw - is the Balance Line for the time period that was used for building a chart a period smoothed moving average, shifted by 8 bars into the future ; The red line the Alligator's Teeth - is the Balance Line for a significant time period, lower by an order 8-period smoothed moving average, shifted by 5 bars into the future ; The green line Alligator's Lips - is the Balance Line for a significant time period, lower by another order 5-period smoothed moving average, shifted by 3 bars into the future.

Fractals All of the markets are characterized by the fact that, for the majority of time, the prices do not fluctuate much, and only for a short time period percent trend changes can be seen. The most favorable periods for the extraction of profit are when the market prices change in accordance with a certain trend. AO Accelerator Oscillator Price is the last element that changes. The first dimension: overcoming the fractal beyond the Alligator's jaws; The second dimension: the signals from the AO indicator Awesome Oscillator ; The third dimension: the signals from the AC indicator Accelerator Oscillator ; The fourth dimension: trade in zones; The fifth dimension: balance line trade.

Sell orders above the zero line can only be placed after three consecutive red bars are printed. The Alligator indicator is composed of three smoothed moving averages projected into the future by several periods. The indicator is specifically purposed to ensure that traders only place their trades in optimal trending markets. The longer the alligator sleeps, the hungrier it will wake up; prolonged consolidation will imply a massive breakout.

An upward movement implies an uptrend might be forming, whereas a downward movement implies that a potential downtrend is starting. This will be the signal to buy in a confirmed uptrend or to sell in a confirmed downtrend. The signal to book profits will come when the lines start to converge again, which will mean that the alligator is now about to repeat the sleep cycle.

The Gator Oscillator is based on the Alligator indicator. It is designed to show the degree of convergence or divergence of the Alligator lines. The indicator is plotted as a double histogram. Like the Alligator, the Gator Oscillator is ideal for trading trending markets, and the two indicators can be used together to complement each other.

The Gator Oscillator is particularly visually appealing and can help traders identify trading opportunities in trending markets quickly and easily. It is important to note that every time period is represented by two bars on the histogram, one above, and the other below. A green bar implies that a trend is becoming stronger than the previous period, whereas a red bar indicates that the trend is becoming weaker than the previous price action.

The Gator Oscillator delivers trading signals using the same logic as the Alligator Indicator. The trading signals come in 4 phases as follows:. The logic behind Fractals is that price action is inherently repetitive, and the indicator can help traders decipher the price patterns in play. A fractal formation in the market is made up of 5 bars, in which the third bar middle one represents either the highest high or the lowest low. The Fractal indicator prints arrows on these highs and lows.

An arrow above a price bar is a buy fractal, whereas an arrow below a bar is a sell fractal. A buy fractal serves as resistance, but a break above it triggers a buy signal. Similarly, a sell fractal serves as support, but a break below it triggers a sell signal.

The Fractal indicator has many applications in trading. To start with, it can pinpoint the areas where traders can place their stop losses and take profit orders. It also identifies the action zones where traders should watch price action keenly. Furthermore, the general wisdom with the Fractal indicator is to trade in the direction of the fractal start, but only when the market comes back and looks to break beyond the initial price point.

But in all fairness, it is not a comprehensive indicator, and it works best when combined with the Alligator indicator. Bill Williams outlined specific conditions that must be met when combining the two indicators. The Fractal indicator can also be combined with the Fibonacci tool that also provides solid retracement and extension targets for price action. It is basically an assessment of how market prices react to new volume in the market. By assessing price change and tick volume, the BW MFI can give a comprehensive assessment of market behaviour and prevailing sentiment.

It essentially filters out potentially false price movement to ensure that traders only take trades in ideal market conditions. The indicator value is presented in the form of a multicoloured histogram, where different colours inform traders of the underlying relationship between price and volume. The colours are:. The BW MFI indicator provides important market information, but traders should combine it with indicators such as Fractals or Moving Averages that will help in confirming prevailing trends in the market.

All the above Bill Williams indicators are available on all AvaTrade platforms. Here is why you should trade with us:. The alligator indicator is composed of three lines, which are actually slightly modified moving average lines. The moving averages are smoothed, but they are also displaced, meaning they are shifted several bars into the future to produce better results.

Those three lines are called the jaws, teeth, and lips of the alligator. The three lines are then used to determine whether the traders should be focusing on a trend trading strategy, a range-bound strategy, or a breakout strategy. When setting up the indicator the lips are set to 5 and displaced by 3, the teeth are set to 8 and displaced by 5, and the jaws are set to 13 and displaced by 8. The changes in the positions of the three lines let the trader know what state the market is in.

When the three lines are intertwined and close together the alligator is said to be sleeping, and the market is range-bound. When the lips turn to cross over the teeth and jaws it is said that the alligator is waking, and that means a potential trend is forming. When a candle closes above or below all three lines the alligator is said to be eating and the trader should be in the market with a buy if the candle closes above the lines, or a sell short if the candle closes below all three lines.

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But the Williams percent range oscillator can help you skew the balance in your favor. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button to get your Free Trading Strategy sent directly to your inbox. The Williams percent R indicator was developed by legendary guru Larry Williams. Larry is a professional trader, very well-known inside the world trading community.

However, Larry used the momentum indicator to trade stocks, futures, currencies, and commodities since The Williams percent range indicator provides us with valuable information about the strength or weakness of a trend of a stock, commodity, currency pair, cryptocurrency or any other financial instrument that has attached to it a price. Basically, the Williams percent range indicator is a powerful momentum indicator that can help you day trade any market in the world.

If you want to be a proficient day trader using the Forex Williams percent range strategy, you need to understand how this oscillator works. Technical indicators also have some limitations not just strengths. In many ways, Williams percent r is very similar to stochastic indicator , but it has a wider scale of applicability that can work in different types of market environments including sideways and non-trading markets.

The Williams percent range oscillator shows how the current price compares to the highest price over the look back period. On a daily chart that is 14 days, on an hourly chart 14 hours and so on and so forth. Be sure to read the Awesome Oscillator Strategy here. If you see a zero reading on the Williams percent r indicator, it means the market is trading near or above the highest high during the selected period.

Below, you have a complete trading system based on Williams percent range indicator. The trading rules for the Williams Percent Range strategy will be outlined in this section. When day trading, you need to eradicate all the uncertainty around your decision-making process.

This is why we have developed the Williams percent range strategy, a rule-based system that will allow you to trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. Thus, having an approach to trade ranges is crucial if you want to survive as a day trader. Timing a ranging market is not that easy to accomplish. In consolidation, most often the profit margins are very thin.

This is why you need to be able to pick up turning points with the precision of a sniper. Before we even start looking for trade signals, we first need to find a range bound market. Don't forget to read our guide on good forex trading strategies. In his best seller book, " How I Made One Million Dollars Last Year Trading Commodities ," Larry states, "as a matter of record, it was designed to help me as it identified the tops and lows of trading range markets with explicit exactness.

After identifying the range-bound market, the next step is to wait for the Williams percent range oscillator to reach extreme readings. This not only shows extreme oversold readings, but it also shows that the supply is drying out. If the momentum indicator gives accurate signals, the market should bounce. Or, at the very least, have an attempt to rally from the oversold readings.

Additionally, we also want the candle that reached reading to have a bigger trading range than the previous candles. From a technical perspective, this removes any sort of resistance once the market reverses. For our exit strategy and stop loss management , we simply work with the trading range identified during the first step. In this regard, we place the protective stop loss below the support bottom of the range and take profit at the top resistance of the range.

As an alternative to using the Williams percent R to identify overbought and oversold market readings, we have developed a way to catch momentum bursts that you will see on your charts every single day. For a visual representation, and to better and faster identify the potential trade signals, we add a line at the level. The level is the middle of the Williams percent range oscillator range. Step 2: Buy once the Oscillator moves from oversold reading and crosses the level.

We consider a market oversold if it shows a reading below the level. Secondly, we need to see the oscillator moving away from oversold territory and cross the level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the level. Apparently, using solely the Alligator indicator is not enough.

Even though the expert advisor shows some promise in the backtest, it wouldn't be a good idea to use this EA in a live trading account. It is very risky and can lead to long periods of drawdown when the market fails to trend clearly. This expert advisor is free to download and you can use its.

Or you can read a more detailed instruction on how to perform the installation. If you are interested in building your own expert advisor or knowing more about how to do it, check our MT4 Expert Advisor Template. You can open a trading account with any of the MT4 Forex brokers to freely use the presented here expert advisor for MetaTrader 4.

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Enforex madrid escuela de idiomas en The fifth fill-in will be done for 0. In the profitunity course, the rules have been changed too. Use of the non-linear GARCH models allows representing the analyzed series formally from the mathematical point of view and creating a forecast for a specified number of steps. Partner Links. Overbought readings actually help confirm an uptrend, since a strong uptrend should regularly see prices that are pushing to or past prior highs what the indicator is calculating. Parameters of this method:.
Hafizzat rusli forex An example of trading signals of the second dimension. Impressive back-tested performance on multiple currencies and time frames. Allow the use of cookies to log in to the MQL5. There are no parameters for the call. Your Money.
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Basically, the Williams percent range indicator is a powerful momentum indicator that can help you day trade any market in the world. If you want to be a proficient day trader using the Forex Williams percent range strategy, you need to understand how this oscillator works. Technical indicators also have some limitations not just strengths.

In many ways, Williams percent r is very similar to stochastic indicator , but it has a wider scale of applicability that can work in different types of market environments including sideways and non-trading markets. The Williams percent range oscillator shows how the current price compares to the highest price over the look back period.

On a daily chart that is 14 days, on an hourly chart 14 hours and so on and so forth. Be sure to read the Awesome Oscillator Strategy here. If you see a zero reading on the Williams percent r indicator, it means the market is trading near or above the highest high during the selected period. Below, you have a complete trading system based on Williams percent range indicator. The trading rules for the Williams Percent Range strategy will be outlined in this section.

When day trading, you need to eradicate all the uncertainty around your decision-making process. This is why we have developed the Williams percent range strategy, a rule-based system that will allow you to trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. Thus, having an approach to trade ranges is crucial if you want to survive as a day trader.

Timing a ranging market is not that easy to accomplish. In consolidation, most often the profit margins are very thin. This is why you need to be able to pick up turning points with the precision of a sniper. Before we even start looking for trade signals, we first need to find a range bound market. Don't forget to read our guide on good forex trading strategies.

In his best seller book, " How I Made One Million Dollars Last Year Trading Commodities ," Larry states, "as a matter of record, it was designed to help me as it identified the tops and lows of trading range markets with explicit exactness. After identifying the range-bound market, the next step is to wait for the Williams percent range oscillator to reach extreme readings.

This not only shows extreme oversold readings, but it also shows that the supply is drying out. If the momentum indicator gives accurate signals, the market should bounce. Or, at the very least, have an attempt to rally from the oversold readings. Additionally, we also want the candle that reached reading to have a bigger trading range than the previous candles.

From a technical perspective, this removes any sort of resistance once the market reverses. For our exit strategy and stop loss management , we simply work with the trading range identified during the first step. In this regard, we place the protective stop loss below the support bottom of the range and take profit at the top resistance of the range.

As an alternative to using the Williams percent R to identify overbought and oversold market readings, we have developed a way to catch momentum bursts that you will see on your charts every single day. For a visual representation, and to better and faster identify the potential trade signals, we add a line at the level. The level is the middle of the Williams percent range oscillator range. Step 2: Buy once the Oscillator moves from oversold reading and crosses the level.

We consider a market oversold if it shows a reading below the level. Secondly, we need to see the oscillator moving away from oversold territory and cross the level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the level.

In summary, the Williams percentage range oscillator is a great tool that can help you identify the exact low and high in any market. You can use either of the two Williams percent range strategy presented through this guide but make sure it suits the current market cycle and it suits your own personality.

Please Share this Trading Strategy Below and keep it for your own personal use! Thanks Traders! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more.

Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. Do you want consistent cashflow right now? This formula is constructed in order to quantify how close the market stands to the outer bounds of a recent range. Values in between show you proportionally where the market stands between these two possible extremes.

MetaTrader 4 comes bundled with a solid selection of trading indicators , including a large number of oscillators. As you can see from the image below, it is the last-listed indicator in the 'Oscillators' folder within MT4's 'Navigator'. The key parameter that you can alter when launching the indicator is the number of periods, 'N'. As you can see from the image above, the default value in MT4 is Williams himself originally proposed a value of 10 as is common, the indicator was also originally devised to be used with end-of-day data.

Past performance is not necessarily an indication of future performance. These represent the levels that Williams considered as being overbought and oversold, respectively. Those times when the indicator moves into the overbought or oversold regions tends to correspond to changes in the direction of the market.

Note that on the far right of the chart we see a stretch where we are stuck in the oversold territory, without yet seeing a rebound in the price. The labels overbought and oversold market can be a little deceptive — they cannot be used in isolation to predict a reversal. One way of thinking is that overbought actually represents buying pressure. In the same vein, oversold indications will appear whenever there is selling pressure.

The tricky part is that we don't know how long market participants may sustain these pressures. We know at some point that there will be a reversal, but we don't know when. In other words, the indicator moving into the overbought or oversold territory tells us nothing about timing in itself. Now if a market is trending upward, we are by necessity breaking new highs. Similarly, in a downtrend we will be seeing new lows. To sell into the uptrend and buy into the downtrend could prove to be costly mistakes.

So the smart way to use the indicator is to avoid using it in a trending market. Such a strategy would only act on overbought or oversold indications, when the market is range-bound or moving sideways. To do this, we need to be able to correctly analyse the state of the market.

One way to do this is by simply observing price action — looking for the tell-tale higher highs and higher lows that suggest an uptrend or the lower lows and lower highs that suggest a downtrend. We could also seek to improve the indicator's usage by waiting for some sign that the directional pressure is easing. We know we are in the overbought territory, and we are now alert to the possibility of a reversal.

We don't know how long the buying pressure that has brought us here will last, so we wait. We hold off on trading so long as the oscillator stays above As soon as we see the indicator dip out of the oversold region, we initiate a short position in the market. Most sensible of all is to try and utilise another indicator in conjunction with the Williams Percent Range.

As a general rule, it's always worth comparing what one indicator is saying with another, so as to see a bigger picture, than just the one indicator in isolation. For example, using the Volumes Indicator can help you to look at more than just price ranges, as well as help you to gain a better feel for what is going on in the market. The aim is to weed out false signals and act on only those signals in which we have the highest confidence. If your combination of indicators has signals that disagree, it's probably sensible to sit out that trade.

MT4 comes with a number of bundled indicators, as we have seen, but to have a more expansive selection at your disposal, why not download MetaTrader Supreme Edition? MTSE is a plugin for MetaTrader 4 and MetaTrader 5 that vastly extends the functionality of the platform, and is created by industry professionals, to offer a cutting-edge trading experience that stems from real-life experiences. Whichever trading strategy you choose, you are best off putting it into practice first with a demo trading account.

No trading strategy works all the time, so you really need to get a feel for the ups and downs in a risk-free trading environment. This way, you gain the confidence that will bolster your trading discipline when it comes to the real thing. Demo trading also allows you to tweak settings, such the period value 'N' of the WPR indicator, in a safe environment.