Bill Williams Indicators

Post by **thomasmore** » Mon Oct 06, 2014 2:30 pm

Dear members,
I found this series of videos on YouTube. The website that is mentionned in the vids does no longer exist, therefore I put up a Dropbox link to my download folder. The vids are very instructive. The system(s) traded are purely mechanical with well defined actions. This screams for an EA. Anyone ?
Regards,
Ludo
https://www.dropbox.com/sh/lt1cffy0know ... Auo-a?dl=0

Post by **thomasmore** » Mon Oct 06, 2014 7:46 pm

Since these videos have no audio, I took some screenshots to try to explain what steps are taken.

Let's start with the fractals

1.We want the Alligator indi to be flat and look for a fractal above and below it: see pic 1
2. Put a buystop and sellstop 1 pip above/below the fractal candle high/low and wait for one of them to trigger: see pic 2 (ignore the other indicators, we only trade with fractals)
3. a new fractal is confirmed: pic 3
4. put a buystop above the fractal candle high+1 pip: pic 4
5. once this second order is filled, set SL to the "Jaw" (blue line) for all filled orders and keep doing this for all future triggered orders: pic 5
6. now that the long trend is confirmed, delete the pending sell order: pic 6
7.add another pending buy order: pic7
8. add another pending buy order: pic8
9. a new but lower fractal is formed:pic 9
10. adjust the previous buy order price to 1 pip above the new signal bar: pic 10
11. again, anew fractal; add pending buy order: pic11
12. order triggered: pic12
13. all working orders carry a trailing stop on the "Jaw"-line value. Finally, the stop is hit and all positions close with a profit of 461 pips.

dudest · Post by **dudest** » Tue Oct 07, 2014 9:05 am

Hi Ludo,

I am not a trading indicators aficionado but just wanted to say: great work on detailing the use of the BW indis!, the screenshots are a nice piece of work

Cheers :)

Post by **thomasmore** » Tue Oct 07, 2014 7:50 pm

Thank you for your kind words, dudest.