29# Williams Trade Modified Trading System
Williams Trade update 2024
submit by Joy22
Williams trade's update concerns the way of using the indicator in the sense that it is interpreted as trend following. The proposed setting is for the 5 minute time frame.
Strategy Setup
Time frame 5 minutes.
Currency pairs EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY.
Sessions: London and New York (GMT Berlin 9:00 - 20:00).
Metatrader 4 indicators
Williams trade period 120
Pivot point levels
Symbol Change.
Trading Rules
Buy
Williams Trade in subwindow light blue line > green horizontal line.
Sell
Williams Trade in subwindow light blue line < red horizontal line.
Please note that the arrow does not appear to appear because there is an error in the code, so always refer to the light blue line of William Trade.
Exit position
Stop loss
15-20 pips or above below a Pivot level.
Profit Target: 15-20 pips, at a Pivot level or when the WT line generates the opposite entry.
Trade: London and NewYork Session
Pairs: Major;
Time Frame: 1-5 min
Metatrader Indicators:
Williams Trade
Bollinger Bands: (2; 22)
Enter Long:
When appears the Green arrow buy at open next bar but the bar should not close out the Bands Bollinger.
Exit Long:
When the indicator Williams Trade turn below green line (<-40);
Target Profit 6 pips AUD/USD, 8 pips EUR/USD, 10 pips GBP/USD.
Enter Short:
When appears the Red arrow sell at open next bar but the bar should not close out the Bands Bollinger.
Exit Short:
When the indicator Williams Trade turn above red line (<-60);
2)Target Profit 6 pips AUD/
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Write a comment
Oz (Sunday, 19 February 2012 05:14)
Anyone know if the arrows repaint??
Forextradingstrategiesresources (Monday, 17 June 2013 21:40)
Arrow do not repaint