Williams%R, SAR X-over 15 minute candles

I've traded full time since 2006. I retired to Mexico with my beautiful wife in 2012. I stopped full time trading a few months ago to concentrate on taking her all the places she wants to see and experience. I stopped contributing to the one trading thread I started, which is now virtually inactive. I'm starting this thread about using and optimizing a day trading system. I say optimize, because there is no suck thing as perfect in trading.

This system is simple and not a fast as my previous one which could get quite hectic at times. But I wanted something that is simple with a slower pace that makes money consistently.

Don't ask me about back testing, I don't do it. I trade a little demo to get the feel then move right to live when I feel comfortable. I trade mostly the NY open say starting 8am EST till 11am. I trade 3 says a week Tues-Thurs. I trade 1-5 lots depending on my mood. Look at the system tear it apart, like it, mock it,offer tweaks for it.

I've been trading it live for about a month now with good results. Not the holy grail, but no system is.

Template as follows:

15 minute candles

Williams %r With only 50 median line

SAR X-overs

Buy when you get a bullish arrow and Williams %R is above 50(Some times you will get arrows when price is consolidating wait for price to break resistance/support. )

Sell when you get a bearish arrow and Williams%R is below 50(same applies with consolidations)

I set stops a few pips above/below previous swing high/lows don't set specific TP's just keep moving stops as trades goes my way.

Trades made Friday, easy day bet against the USD. For last few weeks you are able to find good trades focusing on USD, CHF, EUR, GBP AND JPY these are always weakest and/or strongest due to corona virus crisis.

Spending more time trading since stuck at home and travelling is definitely out for a while. So may as well make some dinero amigos.

Commodity currencies won’t do well with OIL trading below $20 to start the week, risk off, JPY strengthening

Hola Erebus sounds right to me.

Hi there RP. Can you be so kind and attach indies for this; and I will start testing with you. Stay safe amigo.

Degsie

This is good i like to try it were is the like to download

There are no downloads, these are pretty standard indicators which should be available on most platforms.

They are Parabolic SAR Cross overs standard settings(if you don't have this, you should have Parabolic SAR).
Williams %R settings changed to make over sold/over bought same at 50, length changed from 10 to 16.

I don't normally trade on Mondays, but stuck inside and up early anyway. After looking at futures did not expect today to be very trendy today. After opening Charts looked to be a kind of back and forth movement with trends in general looking on the weak side. So decided to see if I do a little scalping( for me thats Tps under 35) Worked out pretty well with 5 wins and 1 B/E.

The first E/J trade you'll see I entered a long while after arrow which formed before I was up, That entry is break on price structure.(which should always be kept in mind}. This is not a black box system you need to use discretion.

See I forgot to mention since I decided to scalp, switched to 5 min. chart.

do you have the indi for sar crossover?

the one that prints the arrows

No I do not, its part of my trading platform. But you should have Parabolic SAR which is essentially the same thing with Dots not arrows.

If you are using mt4 or 5 platforms they have Parabolic SAR Indicator free. This will print dots above or below price, so instead of an arrow you will see a series of dots.
So you would be looking for when the dot switches sides from upper to lower or vice versa.

Trapped inside for the most part, no gym, too much tv/movies/reading. Not sleeping much so may as well trade a little. Again wound up switching candles to 5 mins. in hope of a little action. Try to sleep a little now, trade again around 6am

Nice simple method rockypoint

Can you post a link to your old thread?

g

Rocky ride today a lot of back and forth price action. 5 trades 1 loser, 1b/e, 2 winners and 1 still open.

My open trade

where is your template and indicators? so we can actually follow this.

Read post #1 these are all standard indis that can be found in MT4