Williama's Trading System

[shiva]

Thanks

Williama,thank you for sharing your system

 

[Onyebuchim C. Obike]

Trapping Price In A Dynamic Narrow Cage

Hi Naufrage

You're correct about the placing of orders and their TP. It might seem too close but with
a big lot size imagine the profit!!! and we dont need to wait that long before price hits TP

STOP LOSS
Well stop loss would still remain the same. The ManagedTP EA i attached recently has a stop loss the user can set for himself. I think the same Stop Loss technology in the program can be transfered to your EA.

RESETING BACK TO NORMAL POSITION
Well sorry i used a wrong word for that 'Normal'. I made some illustration on a document concerning this and i have attached it here. Its a kind of dynamic monitoring system that resets orders or deletes opposite orders after an order has completely met its TP. Its quite a simple logic that might put price movement in a narrow dynamic cage. You'll find more explantions on the attached document.

I have not tested the improved EA yet. But when i do i'll let you know.

I'm really delighted at your intelligence in programming this stuff. I hope one day we'll get to a near perfect system.

Wish ya all the best

 

[CommanderWak]

how where?

Being new to the thread, I understand that all the "teaching" took place live on a demo account, and that the account has been deliberately blown. So there is nothing for someone new coming into the thread to view and learn about this system.:unhappy:

Or is there something for us in the way of some info, or will there be another live demo?

 

[Onyebuchim C. Obike]

CommandeWak

Being new to the thread, I understand that all the "teaching" took place live on a demo account, and that the account has been deliberately blown. So there is nothing for someone new coming into the thread to view and learn about this system.:unhappy:

Williama has an explanation to the blown account. It was not intentional.

Or is there something for us in the way of some info, or will there be another live demo?

You're not left out. I started out quite late but i had to read up the whole thread and catch up. Sure you can catch up. Just read up all the thread from the beggining. I know its a whole lot to read.

The summary of the startegy is trapping price or market movement using pending sell and buy orders. Its quite complex thats why you need to read up williama's first explanation of the strategy and get the idea behind it.

 

[Johnfa]

Why don't we turn this BIG DD to... BIG PROFITS ?

Hi Naufrage,


I see all of EA here will trade with a BIG DD. Do you agree ?

So.... I have an idea... why don't we turn this BIG DD to... BIG PROFITS ? HOW?

You just need to use the EA 2008-BUY-SELL Rev1. BUT you change Buy stop to... Sell limit and Sell stop to Buy limit !

So instead of BIG DD now we have BIG PROFITS oh:!!!

Could you try to create this EA ?

Thank you,

 

[Onyebuchim C. Obike]

My Observation on the Improved EA

Hi Naufrage.

Just finished running a backtest on the EA.

The Input Parameters is perfect. You can also add the Maximum Loss to the parameters

The Margin is too high for some accounts. I was thinking it would be nice to allow a lower account margin to allow all traders with high or low income to benefit bcos i received "Not enough free Margin to begin" message when it initializes with lower account sizes. I had to edit the file and put "100*lots"

The space between the pending orders is ok. If we maintain that Gap as price moves, then thats what i mean by a dynamic cage.

Reduce pending orders.

I also got some close order error. quite normal.

The TP is still placed outside the last pending orders. I think you got the right placement from the last thread you inquired about

take profit 2
buy level 2
take profit 1
buy level 1

sell level 1
take profit 1
sell level 2
take profit 2


I didnt see much of the scalping profit, i.e taking fractional profits. I had to use a very low take profit value to test but i couldn't see it.

If its ok i'd want to talk live with you so i can explain better

onyeobike@live.com - windows messenger
onyeobike@yahoo.com - yahoo messenger/email

 

[Onyebuchim C. Obike]

Hi John Fa

I agree a bit with the EA having huge drawdown.

2 Buy and 2 Sell level would be the best for any kind of market condition.

We would welcome any idea of maximizing profits from this strategy and reducing drawdowns.

Everyone (Programmers, Economist, Technical Analysts, Fundamental specialists and experienced traders can share and give idea about getting the best of Williama's Strategy in developing a dynamic EA).

Thanks

 

[Johnfa]

Hi John Fa

I agree a bit with the EA having huge drawdown.

2 Buy and 2 Sell level would be the best for any kind of market condition.

We would welcome any idea of maximizing profits from this strategy and reducing drawdowns.

Everyone (Programmers, Economist, Technical Analysts, Fundamental specialists and experienced traders can share and give idea about getting the best of Williama's Strategy in developing a dynamic EA).

Thanks

Yes, I remember William also said if price hit 2 lever we lose. So if we change Buy to Sell we win.

Thanks Onyebuchim C. Obike

 

[Onyebuchim C. Obike]

Yes, I remember William also said if price hit 2 lever we lose. So if we change Buy to Sell we win.

Thanks Onyebuchim C. Obike

We dont actually lose when price hit two level. We only lose when price hit 2 levels, retraces back and forth without hitting either TP from the levels.

Changing a buy order to a sell order that has been triggered is not possible or logical.

 

[Egros]

I follow this thread for a while and I just want to share my ideas. I also think in the line of a dynamic, or fixed setups, on resistance and support areas. Picture one shows a chart with daily support and resistance lines which I think will help to prevent the sideway markets which can leave you with a lot of open position or a big draw down. Picture 2 shows a white line above and below the resistance and support lines . The white line above the red line is the buy stop pending order and below the red line is the sell stop pending order.If it is possible to use two charts to run two ea's, one for the support line and one for the resistance line. It will help a lot for people like me who are in a full time job.The ea should be able to take profit when you got an x- amount of pips in profit, the reason for this is that if you set it for six pips positive, it will automatically adjust according to the spread (- pips) if you got a few stop orders which were triggered, or in case you have open positions over night (swap)

I don't think it will be necessary to open a pending order on the resistance line, only the pending orders above and below. One can start with one buy and one sell pending order, and when one got triggered just open one extra on the opposite side ( always have one more on the opposite side) The option to continue trading , at the same level, must still be there because when the market is at a strong resistance or support level you might have a few positive trades

The fixed stop loss and take profit can still be there . The stop loss can be use as a safety stop in case you lose your internet connection or if the draw down is to big .