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| Bill Williams Indicators https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3865 |
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| Author: | thomasmore [ Mon Oct 06, 2014 2:30 pm ] |
| Post subject: | Bill Williams Indicators |
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 |
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| Author: | thomasmore [ Mon Oct 06, 2014 7:46 pm ] |
| Post subject: | Bill Williams Indicators |
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. |
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| Author: | dudest [ Tue Oct 07, 2014 9:05 am ] |
| Post subject: | Bill Williams Indicators |
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 :) |
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| Author: | thomasmore [ Tue Oct 07, 2014 7:50 pm ] |
| Post subject: | Bill Williams Indicators |
Thank you for your kind words, dudest. |
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