Williams%R, SAR X-over 15 minute candles | Page 104 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #2,061
  • Jun 21, 2021 7:38am Jun 21, 2021 7:38am
Has anybody done a backtest on this strategy and is willing to share the data, including exact entry criteria, time frame, SL placement, and R:R?
  • #2,062
  • Jun 21, 2021 9:42am Jun 21, 2021 9:42am
This system is highly discretionary, so any backtesting I would think needs to be done manually a very large task, you seem to be looking for a black box system with strict rules. Which you could develop I guess, but using this just going by indicators is a loser.
Day trading requires good understanding of PA, and being ruthless with money management/risk management. These are infinitely more important than indicators. Also why I don't think you can make a successful EA.
  • #2,063
  • Jun 21, 2021 9:49am Jun 21, 2021 9:49am
After partying way too much Saturday night and spending yesterday in Zombie Land went to bed at 9pm. So I got up early today, traded inexes only 2 wins and and 1 loss(a trade I entered against my better judgement). There was definitely some currency trades to be had, just decided to take an easy day. Got whipsawed on NQ too many big candles for my taste but I traded it and lost.
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  • #2,064
  • Jun 21, 2021 9:58am Jun 21, 2021 9:58am
Great trading day both sessions
Easy clear trend for trading
  • #2,065
  • Jun 21, 2021 9:58am Jun 21, 2021 9:58am
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  • #2,066
  • Jun 22, 2021 9:59am Jun 22, 2021 9:59am
I stayed out of ther market today PA not to my liking for currency and indexes. Some trade available later but I don't have the patience to wait around today.
  • #2,067
  • Jun 23, 2021 5:07am Jun 23, 2021 5:07am
London open
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  • #2,068
  • Jun 23, 2021 8:31am Jun 23, 2021 8:31am
Really another wishy washy day took 3 late small pulbacks on currency futures 6b, 6c, and 6e. Indexes again were kind of a mess large candles back and forth short moves so stayed away.
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  • #2,069
  • Jun 23, 2021 8:34am Jun 23, 2021 8:34am
Basically another boring day thought I did exhibit a little more patience than yesterday
  • #2,070
  • Jun 24, 2021 9:10am Jun 24, 2021 9:10am
Another soso day, traded indexes did ok 3 wins 1 loss, took 1 currency trade on weak CAD though I might get something out of GBP but 1 large candle dow was pretty much it so stayed away.
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  • #2,071
  • Jun 28, 2021 3:00am Jun 28, 2021 3:00am
If anybody is interested I tested this system 100 times in a row, taking every trade when the indicators gave me an entry signal.

Inserted Video


Regards
  • #2,072
  • Edited 7:08am Jun 28, 2021 6:56am | Edited 7:08am
Interesting video, actually kind of surprised it was profitable taking every signal. Win % about what I'd expect.
I've always said it's a system where you shouldn't take every signal.
Differences from how I trade, use only during opens of major sesssion London and NY, using 5 min bars instead of 15min(though I don't think thats a major difference), Taking every signal, use of 200ema, no use of the 20 ema, wpr set at 14. Also just trading eur/usd which I don't trade very often.
I'd be curious to know how many trades were made during off hours, the wins /losses there. Kind of surprised that it took 4 months for 100 trades on E/U but maybe thats why I haven't been trading it much.
Anyway interesting thanks Tradersland.
  • #2,073
  • Jun 28, 2021 6:57am Jun 28, 2021 6:57am
Quoting TradersLand
If anybody is interested I tested this system 100 times in a row, taking every trade when the indicators gave me an entry signal. https://youtu.be/5oDhwHRnsA0 Regards
Very interesting, thanks for posting!
  • #2,074
  • Jun 28, 2021 7:04am Jun 28, 2021 7:04am
Quoting rockypoint
Interesting video, actually kind of surprised it was profitable taking every signal. Win % about what I'd expect. I've always said it's a system where you shouldn't take every signal. Differences from how I trade, use only during opens of major sesssion London and NY, using 5 min bars instead of 15min(though I don't think thats a major difference), Taking every signal, use of 200ema, no use of the 20 ema, wpr set at 14. Also just trading eur/usd which I don't trade very often. I'd be curious to know how many trades were made during off hours, the...
I am so happy you enjoyed it! I didn't take any setups while a trade was ongoing. Session times were not account for, I just went through the first 100 setups. I am happy to test using specific sessions, all I ask is that you request it in the comments of the channel for the YouTube algo. Thanks again for your feedback. Regards.
  • #2,075
  • Jun 28, 2021 7:12am Jun 28, 2021 7:12am
Also 1 other difference with how I trade is the S/L as you know I don't leave S/L where I originally place it. I move to B/E asap usually once 1/2 way or so to target, also I will tend to end trade befor my S/L is hit if I don't like PA ie. been moving sideways.
  • #2,076
  • Jun 28, 2021 7:15am Jun 28, 2021 7:15am
Quoting rockypoint
Also 1 other difference with how I trade is the S/L as you know I don't leave S/L where I originally place it. I move to B/E asap usually once 1/2 way or so to target, also I will tend to end trade befor my S/L is hit if I don't like PA ie. been moving sideways.
I was eyeballing it and didn't think a multi take profit level system would be effective, but really have no data to back that up. I focus my channel for new traders so I only stick to ridged rules. That being said I could do another test within specific session times, utilizing two positions, taking half off at 1:1, then moving the rest to BE, and targeting 2:1 for the rest. Could be an interesting test. Again thanks for the feedback.
  • #2,077
  • Jun 28, 2021 9:56am Jun 28, 2021 9:56am
Ok here's today's trades went back to cleaner chart ending use of LBR indicator. Ultimately while it didn't help, didn't hurt either just like a cleaner chart. 5 trades 4 winners and 1 B/E. ES really a hot mess should've got out when I got jumpy about PA, YM and NQ had nice PA much cleaner. 6J also nice PA, 6S I passed on earlier entry which was a mistake but so it goes.
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  • #2,078
  • Jun 29, 2021 5:18am Jun 29, 2021 5:18am
London
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  • #2,079
  • Jun 29, 2021 6:19am Jun 29, 2021 6:19am
Quoting patricc
London {image}
It seems you become a very stable trader.
This is a good example for me.
This is a good role model for me.
  • #2,080
  • Jun 29, 2021 7:59am Jun 29, 2021 7:59am
Quoting Evocati
{quote} It seems you become a very stable trader. This is a good example for me. This is a good role model for me.
It s getting better but i m still in the breakeven area.
My biggest problems are still disziplin and overtrading.
last week i did start to do only 2 trades a day max .1 trade in london 1 in newyork session.
The technical part of my trading is not bad,i m able to get a win rate of about 50-60% if i do not something crazy with overtrading.
Yesterday i did lose 1 trade 10 pips.
Today i did win 1 trade with 20 pips and 1 trade i did lose 6 pips.
i did find out the most difficult to master the trading is the psychology.And it needs a long time solve the problems like greed ,fear.overtrading bad moneymanagment and other bad tradingbehaviors.
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