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Profitunity (Chaos) Trading System by Bill Williams 1,619 replies

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Attachments: Trading in the Zone advanced indicator (Trading Chaos by Bill Williams)
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Trading in the Zone advanced indicator (Trading Chaos by Bill Williams)

  • Post #1
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  • First Post: Sep 20, 2009 11:23am Sep 20, 2009 11:23am
I started this thread because I need help form someone who is interested in the Bill williams chaos trading system and also has excellent MQL programming skills.

If you are new in this topic please read the other treads in this forum about chaos trading system:


Profitunity (Chaos) Trading System by Bill Williams

Chaos Trading System

Trading Chaos?

I have found an excellent indicator "ZoneTrade" that is based on this trading approach that integrates Acceleration/Deceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the standard candlestick charts. In this way it is a lot easier to tarade in the zone.

Accoding to the developer of the ZoneTrade indicator http://codebase.mql4.com/4797 this is based on the following:
The indicator is written by the fourth dimension of B. Williams - Trading Zone:
If the current bars of AC and AO are green, it shows that the zone is green.
If the current bars of АС and АО red, it shows that the zone is red.
If the bars of AC and AO are differently directed then the bar is colored grey (grey zone).

My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into "Heiken Ashi" candles. These Heiken Ashi candles are powerful and easy tool to filter trending and sideways market.

Please see the picture of the both indicators and think about the innovation by combining both of them:

http://img132.imageshack.us/img132/4257/zonetrade.gif

Please could somebody combine both indicators (Zonetrade + Heiken Ashi) and develope a Heiken Ashi version of the ZoneTrade indicator. I think that this will be the excellent advancement of this trading technique.

I also attached the code of both indicators.
Attached File(s)
File Type: mq4 ZoneTrade_2.4.mq4   7 KB | 6,804 downloads
File Type: mq4 Heiken Ashi.mq4   4 KB | 2,766 downloads
Enter Signature
Now there are Heiken Ashi version also available: http://codebase.mql4.com/6029
Enter Signature
Bill Williams and his daughter are master traders Bill's work is outstanding.About the indicators the Gator is fantastic,the AO is a version of his first experiment with the MACD,in his first book he mentioned that the MACD 5/34/5 is the best indicator he has come accross,and advised to throw away all other indicators.Now that he has invented his own indicators his latest are the best .Not for me the MACD 5/34/5 has stood the test of time,it's free and very very accurate,why would I wnat to change and go and buy some fancy indicators.Profitunity MACD with the Gator works just fine.
Quoting Lessformore
Bill Williams and his daughter are master traders Bill's work is outstanding.About the indicators the Gator is fantastic,the AO is a version of his first experiment with the MACD,in his first book he mentioned that the MACD 5/34/5 is the best indicator he has come accross,and advised to throw away all other indicators.Now that he has invented his own indicators his latest are the best .Not for me the MACD 5/34/5 has stood the test of time,it's free and very very accurate,why would I wnat to change and go and buy some fancy indicators.Profitunity...
What are you talking about less4more? His AO has ALWAYS been the same, he just changed the name and he NEVER said the name change made it better.
Sheesh - his basic (from the books) system has always been free - his home study course and private tutorial is where the action is. Speaking of which, if there is ANYONE reading this who like me has done his course please PM me.
Ash
I guys, I m new to forex.I wish to learn more regarding bill William methodology.Yes I have read all his books and at this point experimenting what I have learned to my demo.I hope to get into live trading in a few months or years time.
I hope you guys could post some of the charts for newbe like myself, to learn, digest and critic in order to more confident in trading.

zenoni
"My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into "Heiken Ashi" candles. These Heiken Ashi candles are powerful and easy tool to filter trending and sideways market."

Zenoni,sir, could you post how the HA candles be useful in identifying the Blue light Special trade?

Thanks and I hope to learn the best method for my trading from this thread.
Quoting Gromit
I guys, I m new to forex.I wish to learn more regarding bill William methodology.Yes I have read all his books and at this point experimenting what I have learned to my demo.I hope to get into live trading in a few months or years time.
I hope you guys could post some of the charts for newbe like myself, to learn, digest and critic in order to more confident in trading.

zenoni
"My own idea is to improve this ZoneTrade indicator and extend its efficiency by integrating this approach into "Heiken Ashi" candles. These Heiken Ashi...
Also feel free to join our live BW Chaos Trading Room at the signature below.

Zenoni.......it would be great to have you post your charts there too.
Quoting ozash
What are you talking about less4more? His AO has ALWAYS been the same, he just changed the name and he NEVER said the name change made it better.
Sheesh - his basic (from the books) system has always been free - his home study course and private tutorial is where the action is. Speaking of which, if there is ANYONE reading this who like me has done his course please PM me.
Ash

Hi ozash.....I bought his home study course in 1997 and his updated one in 2007. I also went to his private tutorial in March of 2008. Bill is quite a cool dude. I have a live trading room using his method at the signature below. Please come join us there.
There is no system or method in Bill Williams book, except what is there to help beginners get started. I think it's important to point that out, because there is a great deal of misunderstanding of what this book is about.


Bill Williams describes the progress of a trader through 5 levels:


Novice Level: Objective: To not lose money while gaining experience.
Tools: OHLC, volume, MFI, Profitunity windows and air bag
Summary:...The tools you should now be using are the individual bar analyses(OHLC) which will tell you who is in charge and what they are doing....you should recognize quickly and immediately the immediate trend direction.


Level Two - The Advanced Beginner: Objective: To make money consistently on a one-contract basis
Tools: Elliott wave and fractals
Summary: ...We examined the Elliott wave by looking at the basic rhythms the market follows. Next we analyzed the characteristics of the individual waves and introduced a tool that takes the ambiguity out of wave counting. We focused on the found uses of the 5/34/5 profitunity MACD...

Level Three:The Competent Trader: To maximize the total ROI by trading multiple contracts, spreads, and writing options.
Tools: Profitunity Trading Partner and Profitunity Planned Trading
Summary: At this level our aim is to maximize our ROI with multiple contracts...

Level Four: To trade your own belief systems
Tools: Left hemisphere, core, right hemisphere
Summary:...At level Four, we step outside the boundaries of classical physics and the Aristotelian world...at this level of trading, continued improvement in results is 99 percent letting go and 1 percent learning more....

Level Five: To trade your states of mind.
Tools: Your own various states of mind.
Summary: Two stories from the Bible illustrate these two states in the process...In each of these stories, the initial discovery, the first stage, is followed by a second stage in which personal sacrifices are made and former beliefs and attachments are abandoned, in order to realize a new possibility...The sense of unity, even in the market, extens to the perception of time. Instead of perceiving a succession of different moments, and movements within those moments, a trader in this state perceives all as being identical.




A man who is familiar with how to trade at "Level 5", would certainly not need to trade at a level 3, or lower. However, he might teach the basics to beginners who seek out his counsel.
Quoting Lionstrike
There is no system or method in Bill Williams book, except what is there to help beginners get started. I think it's important to point that out, because there is a great deal of misunderstanding of what this book is about.


Bill Williams describes the progress of a trader through 5 levels:


Novice Level: Objective: To not lose money while gaining experience.
Tools: OHLC, volume, MFI, Profitunity windows and air bag
Summary:...The tools you should now be using are the individual bar analyses(OHLC) which will tell you who is...
He does trade from a Level 5 but by trading multiple contracts. He pyramids his contracts as his trade develops.
hello

i read his book ,and he says that he made a robot that trades when alligaro starts waking up and all those steps,so thats pretty much an ea,it would be cool if someone here can create a bill williams ea
i am pretty sure bill williams does not say anywhere that he has a robot for his system. his system can not be put into an EA in my opinion, that is also what he states in an interview with stocks & commodities magazine. a fractal is not a fractal .. and a waking up alligator is not a waking up alligator. there are a lot of subtle differences you have to make with this system. a robot could never account for that. this system is based on an ever-changing market - exactly the thing every robot fails at.
The Essentials of Trading: Emotions, Risk Mgt, Price.
Quoting Slight
i am pretty sure bill williams does not say anywhere that he has a robot for his system. his system can not be put into an EA in my opinion, that is also what he states in an interview with stocks & commodities magazine. a fractal is not a fractal .. and a waking up alligator is not a waking up alligator. there are a lot of subtle differences you have to make with this system. a robot could never account for that. this system is based on an ever-changing market - exactly the thing every robot fails at.
I agree he has never made an EA but what do you mean by "a fractal is not a fractal"?
  • Post #13
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  • Last Post: Feb 13, 2011 3:02pm Feb 13, 2011 3:02pm
simply: a fractal within a wave 4 is not the same as a breakout fractal after an initial upmove. referring to what they call "just because a signal (e.g. fractal) has been formed, doesn't mean we take it"
The Essentials of Trading: Emotions, Risk Mgt, Price.
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