Williama's Trading System

[mpcontreras]

Dear Williama:

Thanks for sharing with us this invaluable information.
Let's my try to understand the system:
According to the report for the GBP JPY (below) I can see that everytime the price hit one level we need to buy or sell again and again that level, it's that correct?
Excuse my ignorance, but I say that because I see 21 orders, 71 orders, etc.
Please clarify me that observation.
Best regards,

Miguel

Buy orders:
210.95 x 36 pips x 21 orders = 756 pips
210.60 x 71 pips x 71 orders = 1207 pips
210.25 x 106 pips x 10 orders = 1060 pips
209.90 x 141 pips x 2 orders = 282 pips
210.573 x 12.8 pips x 1 orders = 12.8 pips
TOTAL = 3317.8 pips

Sell orders:
209.55 x 83 pips x 9 orders = 747 pips
209.90 x 148 pips x 5 orders = 740 pips
210.464 x 47.2 pips x 1 orders = 47.2 pips
TOTAL = 1534.2

GRAND TOTAL = 1783.6 pips up!

 

[williama]

These are the two EAs I use. The buy-sell is to place the pending orders. I created it. You have to change the initial price and the lot size. You can also change number of pip gap. Be aware that is set for the GBPJPY pair. I use it as the initial set, then you have to change the lot size for the sell stop or the buy stop depending on what you need to do.

The other EA is to close all pending orders coded by somebody else.

 

[lawrenece]

wow this, is great im very much interested in your srtategy

i think your srtategy will be the best. but i logged in to fxpro to getme as you said but its not going.well, i would be very much delighted if you could enlighten me more

After reading so much about scam and how people continuously lose money in the Forex world, I have felt I need to tell people a piece of knowledge I have about how brokers take everyone´s money legally. The following is a notice I got from one of my brokers in which all is exposed. After you read this, you will have an idea of what brokers actually do but in any case I will translate the paragraphs into simple words.

This is an annual notice from the broker:

“INTERBANK FX, LLC - PRIVACY NOTICE
Interbank FX is a registered Futures Commission Merchant and is regulated by both the National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC). As part of the NFA's ongoing requirements, Interbank FX is required to provide customers with information regarding the NFA's Background Affiliation Status Information Center (BASIC System) and our firms Privacy Policy on an annual basis. To learn more about the NFA BASIC System, you may visit the following website: …

Further down you find this…

THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. INTERBANK FX, LLC IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, INTERBANK FX, LLC'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS INTERBANK FX, LLC ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES INTERBANK FX, LLC OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE AND INTERBANK FX, LLC MAY OFFER DIFFERENT PRICES TO DIFFERENT CUSTOMERS.
IF INTERBANK FX, LLC ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT INTERBANK FX, LLC MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE INTERBANK FX, LLC ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM INTERBANK FX, LLC OR ANY OF ITS SOLICITORS.
- The IBFX Team”

As you can see, this is a registered and controlled US broker, all is legal here. So, wherever they do to trade against you is legal. Now, let´s brake down the whole thing…

“THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE.”

Most brokers people use are intermediaries, this means you are not trading in the real market (exchange market),

“INTERBANK FX, LLC IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY.”

This means you are actually trading within the broker´s system.

“AS A RESULT, INTERBANK FX, LLC'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS INTERBANK FX, LLC ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES INTERBANK FX, LLC OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE AND INTERBANK FX, LLC MAY OFFER DIFFERENT PRICES TO DIFFERENT CUSTOMERS.”

This means that the prices they present to you in your platform are not the real current prices; they are actually manipulated and calculated in the most suitable manner in favor of the broker. You must understand that they are there to take your money. In fact, they have a window of up to 250 pips to work with (I know this as a fact). This also means, that the charts and prices you get are the ones constructed by their platform software calculating every single trade, balance, equity, free margin, used margin, lots, stop losses, take profit, etc. In addition, their software and prices are “ahead of time” in the market relative to you because they know the price way before you and have the advantage to do all this to benefit the broker (intermediary). You must be wondering, but I see that the prices are very similar from broker to broker and from account to another account. Not so, to the eye is, but to an expert eye you find the differences. Some of these are time delays, server disconnections, re quotes, sudden volatility, price freeze, on top you get system access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. These are all different ways to manipulate the price so it goes against you 90% of the time you trade. Eventually is you are in the right market trend the broker has to give up and give it to you. The problem is that their window is so great (250 pips in normal market conditions) that they have many opportunities to take the client´s money. Remember, they are telling you, the broker “MAY OFFER DIFFERENT PRICES TO DIFFERENT CUSTOMERS.”

“IF INTERBANK FX, LLC ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT INTERBANK FX, LLC MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE INTERBANK FX, LLC ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM INTERBANK FX, LLC OR ANY OF ITS SOLICITORS.”

Plain and simple, they ALWAYS trade against you. It is only when the market´s trend is so strong in one direction that they have to give up some trades. Of course there are other factors that make people lose the money trading. Greed, fear, and other psychological factors affect the way you trade and they are all used by the broker´s software. As the notice says, you must not believe in any case the price they are showing you in your platform or the indicators.

You must be asking yourself by now, then how can you trade and win if they are always manipulating the prices to their benefit?

This is almost impossible unless you know how. The only possible way is to be able to trade both ways at the same time in such a manner that the price is “trapped”. This is not hedging. Hedging creates loss because you have to pay the spread and also the gap between the two trades. On top, if you have noticed, most of the times you hedge a trade, suddenly there is slow movement in the price or if you release one trade the other suddenly goes against you. This is because of their price manipulation.

So, how do you do it to win most of the times and make real money?

I am making 100%-500% profit a month trading in such a way that the price is “trapped” in such a way that no matter what the broker does, what trend the market is, volatility or any of the other ways the brokers use to take your money affect the trades.

I want to make a contribution to this forum and is FREE. I want to show everyone here how I trade live. You can see me trade free, I charge nothing. All you have to do is download the Meta Trader 4 platform now from FX Pro and login into:

Go to file and then to login
In the box:

Login: 59503
Password : Trapped1
Select the server and click login, you should then be able to see the account.

You can see the account and test it works so you are ready…
I have opened two trades in that account just for you to see that the account is active but that is not the system I am talking about.
I am going to be trading this account live periodically until then but I have planned to trade live the account on Friday June 13-2008 starting 9am New York time, so be ready then so you can see how to trade and trap the price for you to make money ALL THE TIME. If the broker goes up, you make money, if the broker goes down, you make money. I am going to trade the GBPJPY on Friday to show you that volatility and this pair (hardest to trade if you know what I mean)
I want to make a poll:
How much profit do you make a month?
Options:
1. Lose money
2. 0%-10%
3. 10%-20%
4. 20%-50%
5. 50%-100%
6. 100% up

This will reflect how many really successful traders are out there. Be as sincere as possible, this will help people have a real sense of trading Forex. Please rate the information I have given you here to give me feedback to see if is worth placing other information I have.[/QUOTE]

 

[winkannaa]

Dear Williama,

Can you teach me the exact maths calculation to trade. i cant understand what you say. can u elaborate the calculation. for example, i use a method to make minimum profit. And its 99% successful: Let me explain below:


Opposite order:

I dont care about any market condition. Whatever might be the news or whatever be the status, i just proceed with this way and its advicable only for EUR/USD pair.


I place two opposite orders simultaneously with 30 Pips profit and 300 Pips stoploss.

Eg:

1) Long Entry - 1.5554; Take Profit - 1.5584; StopLoss - 1.5254
2) Short Entry - 1.5554; Take Profit - 1.5524: StopLoss - 1.5854



The reason i use a higher stop loss is, the maximum eur/usd will go up or down by 250 pips. For a safer side, i add 300 pips stoploss. Its very clear eur/usd market will move both the directions most of the times. So i make profit both the ways. So total i make 30 + 30 = 60 Pips profit. Most of the times it finishes within a day. Sometimes i might be finished in 3 days. In that case, if the rate nears stoploss, ill again add 100 pips in stoploss and make it 400 pips. Then when it comes in profit i finish the deal. Some times even i close with half profit. First long will finish soon and then further it might increase which will be a loss for the short position. in that case, when the rate gets down, ill close the deal with 15pip loss.
Even in this case i make a profit of 30 -15=15pips. So its very safe.


Ill not say i am 100% right. It works for me even in real account. Any comments are welcome.


Mr.Williama, i want a clear explanation like above for your concept. Can you explain it.

 

[mantorp]

Thanks for sharing

...
One is that the brokers start deleting pending orders thinking I cannot pinpoint when they do it. Another, the brokers change s/l and t/p to the orders but since the s/l and t/p prices are very specific you can pinpoint when the brokers change that, usually they place 0.00. The problem is that you have to start arguing with them. Another tactic implemented by brokers is that because you end up with so many orders they delete some positive ones from your lists, robbing you this way.

Of course, I have solutions for all of these tactics.

How do you combat their tactics? It's their system so they can rig it in their favor, only hitting your S/L and ignoring your T/P and then retracing, or simply drop your connection.

Thanks for sharing this, it's fascinating.

 

[Pyer2]

A New Question - Slippage

Hi everyone,

That is exactly what I have been telling you. In order to stay ahead of the broker you have to have enough free margin to be able to have your pending orders opened. Since you do not know how long is going to take to reach target you better have a lot of money so you do not risk anything with the broker. You know for sure that once it hits target you WILL make profit, so you do not have to worry about your money in the account.

Just think all the advantages that you gain with this system. You do not have to worry about volatility, economic news or events, political events, stress, market direction, etc. This is a sure shot, all you have to have is a big account.

You have not even seen me trade the way I do to make a lot of profit. The trading I did was just to show the system. I tell you, it is real about the 100%-500% profit a month I have mentioned before.

Remember, when I said that if you had a lot of money, you should trade the exchange? Well, that is if you are trading in a conventional way, but if you are going to trade with my system, trading with brokers with the highest leverage out there, you make a lot more money with less money. In other words, with an account of $100.000 trading with a broker and my system, you make the same amount of profit you would trading in the exchange with $50.000.000. Now you understand why I trade now with brokers?

Hi William,
I have read the entire thread and I don't believe the (major)issue of slippage has been raised. Could you explain how your system overcomes this often underhanded tactic that brokers use.
I have been trading for 7 years and used several market makers and I can say I (think) I have seen it all. Never ever have I been slipped in my favour by a market maker (I trade with an ECN now, and the slippage is about 50/50 for and against). You say you do not fear economic announcements. Have you not ever been filled at the top of a spike? I can recall some ridiculous fills of 50 - 100 pips past my stop order when holding positions into NFP or placing straddle.
I guess it may be possible for you to make yourself 'position neutral' just before a major news event and then 'restart' the system from a new level if the market gapped in a big way?......but even the day to day slippage of a pip or two here and there must be bothersome; as I said previously it is never in the favour of the trader in my experience. The alternative to not incurring slippage is to risk having the price gap past your order and no fill.
Please would you explain how you cope with issue?

Cheers, Pye

 

[mantorp]

Level = 10

These are the two EAs I use. The buy-sell is to place the pending orders. I created it. You have to change the initial price and the lot size. You can also change number of pip gap. Be aware that is set for the GBPJPY pair. I use it as the initial set, then you have to change the lot size for the sell stop or the buy stop depending on what you need to do.

The other EA is to close all pending orders coded by somebody else.

Can you explain how the level parameter in the EA works?

 

[toomanyquestions]

ok, then if you're system is this subjective, maybe it cannot be easily duplicated?

Again, even with your explanation - is there any reason you wouldn't share the EA as it would assist me in placing the first 6 pending orders?

If I am to learn your system, and I beleive i can 'calculate' the neccessary math - I would prefer to have any edge I can to make the system work...

regards,

jake

 

[TraderRich]

Putting it all together

Is there anyone who has put it all together and can explain this in one post? Thank you!

 

[raotnv]

winkannaa

your strategy also looks interesting to me. What could be the time frame you trade this strategy?.

Dear Williama,

Can you teach me the exact maths calculation to trade. i cant understand what you say. can u elaborate the calculation. for example, i use a method to make minimum profit. And its 99% successful: Let me explain below:


Opposite order:

I dont care about any market condition. Whatever might be the news or whatever be the status, i just proceed with this way and its advicable only for EUR/USD pair.


I place two opposite orders simultaneously with 30 Pips profit and 300 Pips stoploss.

Eg:

1) Long Entry - 1.5554; Take Profit - 1.5584; StopLoss - 1.5254
2) Short Entry - 1.5554; Take Profit - 1.5524: StopLoss - 1.5854



The reason i use a higher stop loss is, the maximum eur/usd will go up or down by 250 pips. For a safer side, i add 300 pips stoploss. Its very clear eur/usd market will move both the directions most of the times. So i make profit both the ways. So total i make 30 + 30 = 60 Pips profit. Most of the times it finishes within a day. Sometimes i might be finished in 3 days. In that case, if the rate nears stoploss, ill again add 100 pips in stoploss and make it 400 pips. Then when it comes in profit i finish the deal. Some times even i close with half profit. First long will finish soon and then further it might increase which will be a loss for the short position. in that case, when the rate gets down, ill close the deal with 15pip loss.
Even in this case i make a profit of 30 -15=15pips. So its very safe.


Ill not say i am 100% right. It works for me even in real account. Any comments are welcome.


Mr.Williama, i want a clear explanation like above for your concept. Can you explain it.