Attachments: Simplified Chaos Trading

Simplified Chaos Trading

#1
First Post: Mar 25, 2018 7:48pm Mar 25, 2018 7:48pm

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Hello FF Community

So, lately I have been studying Bill Williams chaos trading and spent a lot of time watching youtube videos about it.
But seeing all these indicators on one chart is difficult to read and I prefer my chart to be simple and easy to read.
Then I thought about modifying that into a more simplified trading method where anyone can spot a trade with no effort.

On the chart apply the following:
1) Laguerre Filter - with period 0.4
2) Fractal - 2 bars before and 2 bars after.

Fractals Breakout with Laguerre Filter (click here to watch)

Feel free to contribute to the thread. Cheers!

Attached Image(s) (click to enlarge)

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Attached File(s)

Fractals_Adjustable_Lookback.ex4 8 KB | 802 downloads

Fractals_Adjustable_Lookback.mq4 2 KB | 850 downloads

LaguerreFilter_ver_1.ex4 15 KB | 871 downloads

#2
Mar 26, 2018 5:15am Mar 26, 2018 5:15am

4fxonly
| Joined Apr 2017 | Status: Trader | 296 Posts

Hi. The way I see it used here, Laguerre will always be behind the price at the moment that fractals are broken, so not much of a filter then. I'm not sure I understand your point...

#3
Mar 26, 2018 12:05pm Mar 26, 2018 12:05pm

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting 4fxonly

Disliked

Hi. The way I see it used here, Laguerre will always be behind the price at the moment that fractals are broken, so not much of a filter then. I'm not sure I understand your point...

Ignored

Laguerre is used for confirmation only.
When it is above the candles, we only look for Down fractal breakout and vice versa.
The more fractal breakout is close to Laguerre, the more accurate the trade was.

We can use Smooth moving average instead of the following settings:
Period 5 | Shift 3 | Applied to Median HL/2

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#4
Mar 26, 2018 3:58pm Mar 26, 2018 3:58pm

iScarlet
| Joined Mar 2018 | Status: Trader | 2 Posts

Just question, Should I buy after or before candle close?

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#5
Mar 27, 2018 3:07am Mar 27, 2018 3:07am

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

After candle close. Good catch

#6
Mar 27, 2018 7:10am Mar 27, 2018 7:10am

howard
| Joined Sep 2006 | Status: howard | 1,693 Posts

Hi
What TF are you mostly using for this method?

Regards

#7
Mar 27, 2018 4:03pm Mar 27, 2018 4:03pm

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting howard

Disliked

Hi What TF are you mostly using for this method?

Ignored

I prefer 1H
But during London & New York opening, I switch to 5M or 15M to catch a trade as early as possible

#8
Mar 27, 2018 4:17pm Mar 27, 2018 4:17pm

JR97
Joined Apr 2004 | Status: #slack pricetimeforecast | 1,934 Posts

The point of the alligator indicator is to act as a filter when not trade, provide an exit area, and also a breakout as well as w/r line. New Trading Dimensions goes over it a lot better than the Trading Chaos book, imho.

If you want a cleaner chart and don't want the alligator lines, you could color code the bars to express the relationship of price to the alligator. the attached screenshot shows the alligator on the right and what I call alligator bars on the left. I also converted the fractal lines to straight lines.

I don't hand out my work, but someone in the Platforms forum could easily code these up for you.

http://content.screencast.com/users/...aa25d/bw01.GIF

#9
Mar 27, 2018 8:38pm Mar 27, 2018 8:38pm

anthonyronz
| Joined Mar 2018 | Status: Trader | 2 Posts

so when you edit the fractals in mt4, do i change the fractal lookback to 1 or 2? and do i change the offset or leave at 10?

#10
Mar 28, 2018 1:31am Mar 28, 2018 1:31am

loka009
| Joined Apr 2017 | Status: Trader | 46 Posts

Sorry NanoPip i would like to ask you that why my chart don't show full function as your. or it normal show only Fractal without other line as your. thanks!

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#11
Mar 28, 2018 4:33am Mar 28, 2018 4:33am

Gnosis
| Joined Mar 2018 | Status: Trader | 9 Posts

Hi, where do you normally take profit?

#12
Mar 28, 2018 8:25am Mar 28, 2018 8:25am

Zeecool
| Joined Dec 2010 | Status: Trader | 2 Posts

Hi,

How do you get those dotted lines on fractals as opposed to arrows? I have tried to look for settings in the indicator that would reveal to me different appearances for the fractals, but couldn't find any. I only have arrows popping on the chart, instead.

Thanks!

#13
Mar 28, 2018 11:07am Mar 28, 2018 11:07am

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting anthonyronz

Disliked

so when you edit the fractals in mt4, do i change the fractal lookback to 1 or 2? and do i change the offset or leave at 10?

Ignored

Change it to 2 and leave the offset at 10

#14
Mar 28, 2018 11:08am Mar 28, 2018 11:08am

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting loka009

Disliked

Sorry NanoPip i would like to ask you that why my chart don't show full function as your. or it normal show only Fractal without other line as your. thanks! {image}

Ignored

Try this one from MT4 Market

#15
Mar 28, 2018 11:36am Mar 28, 2018 11:36am

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting Gnosis

Disliked

Hi, where do you normally take profit?

Ignored

This is what I usually do.

Watch this gif

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#16
Mar 28, 2018 1:06pm Mar 28, 2018 1:06pm

Roma93
| Joined Mar 2018 | Status: Trader | 2 Posts

when the trend - we are in positive territory, when the flat - merge?
How to work in a flat?

#17
Mar 28, 2018 1:19pm Mar 28, 2018 1:19pm

aelimian
| Joined Oct 2004 | Status: Trader | 438 Posts

Quoting NanoPip

Disliked

{quote} Laguerre is used for confirmation only. When it is above the candles, we only look for Down fractal breakout and vice versa. The more fractal breakout is close to Laguerre, the more accurate the trade was. We can use Smooth moving average instead of the following settings: Period 5 | Shift 3 | Applied to Median HL/2 {image} {image}

Ignored

Which is your favorite TF for this system?
Do you look at a higher TF for confirmation?
Please upload your template.

Thank you

#18
Mar 28, 2018 3:04pm Mar 28, 2018 3:04pm

NanoPip
| Joined Sep 2017 | Status: Trader | 36 Posts

Quoting aelimian

Disliked

{quote} Which is your favorite TF for this system? Do you look at a higher TF for confirmation? Please upload your template. Thank you

Ignored

Most of the time I trade on 1H and I don't look at higher time frames for confirmations.
Please take into consideration that most of the important fractal breakout happens either before London or New York opening.

You are welcome

Attached File(s)