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Profitunity (Chaos) Trading System by Bill Williams

  • #561
  • Aug 15, 2007 9:01am Aug 15, 2007 9:01am
Hi Isto and all other cheologists here


First I would like to commend you on a great thread, Me I just finished reading Bill Williams Trading Dimensions... And it was a very interesting and enjoyable read. I think this is just what I've been looking for since I myself am a trendtrader but one of my concerns is most of the systems I design are based on some constant variables which work currently and during backtests but I fear may no longer work in the near future (because the market constantly changes). Since then I've been looking for ways to create a constantly profitable trading system which relies on no constant variables, I want the market to be the one to dictate how the system should work and react... After reading Trading Dimensions I think he comes close to achieving this... since almost all constant variables have been removed in his profitunity system(except the "periods" from his indicators which is a time constant, sometime in the near future I hope to find a way to make the Market dictate what values to use for these as well)

Sorry for my excessive rambling... Anyways since you guys have been trading this for quite some time now I would just like to ask, when do you use the "Gator Oscillator" Indicator? Since it is not mentioned in Trading Dimensions but is included in MT4 indicators... Has this Indicator been mentioned in hes other books? I know what it calculates, but what are the rules for exits and entry signals based on the Gator?

Thanks and Good luck to all you cheologist!

Regards,
Mikhail
  • #562
  • Aug 15, 2007 9:39am Aug 15, 2007 9:39am
Quoting Protei
Isto... i use only 2 kind of signals... 3AO and fractal.

3AO i get when trend is changing... and fractal i take when alligator is closed.

Thats all... And my opinion is that fractal give more false positions than 3AO....

Till this moment i had only 2 wrong 3AO signals.This situation turned to closed alligator..... in this case we should act on broken fractals.
Please publish some charts to clear the way you are using the signals.
I hope it will be interested for the other readers...
  • #563
  • Aug 15, 2007 10:54am Aug 15, 2007 10:54am
Hi Again,

Just a simple indicator I made that colors the bars Green, Red, or Gray Depending on what trading Zone we are in based on the AO and AC. It was mentioned in trading dimensions to help determine add on and exits, and it looks nice on the charts

Enjoy!

Mikhail
Attached Image
Attached File(s)
File Type: mq4 Bill Williams - Zones.mq4   4 KB | 1,799 downloads
  • #564
  • Aug 15, 2007 11:32am Aug 15, 2007 11:32am
Quoting mikhaildgreat
Hi Again,

Just a simple indicator I made that colors the bars Green, Red, or Gray Depending on what trading Zone we are in based on the AO and AC. It was mentioned in trading dimensions to help determine add on and exits, and it looks nice on the charts

Enjoy!

Mikhail
Thanks, there were some people asking for EA
  • #565
  • Aug 15, 2007 12:19pm Aug 15, 2007 12:19pm
Quoting isto
Thanks, there were some people asking for EA
Yup an EA would be nice... But this is not an easy strategy to convert to EA but it can be done... And hey I'm willing to code for pips

Just click on the link on my sig.

Regards,
Mikhail
  • #566
  • Aug 15, 2007 12:25pm Aug 15, 2007 12:25pm
here is a short example.... i enter after 3AO signal was triggered... and exit on 3AO green signal triggered... very simple i think
Attached Image (click to enlarge)
Click to Enlarge Name: SNGS5.jpg Size: 87 KB
  • #567
  • Aug 16, 2007 1:30am Aug 16, 2007 1:30am
Hi,

I wanted to ask you if in the second Edition of Trading Chaos the entry is still 1 pip above/below the fractal? Because I'm getting so many reversal just 1 or 2 pips after a fractal is triggered.

Cheers,
Daniel
  • #568
  • Aug 16, 2007 9:45am Aug 16, 2007 9:45am
Well my opinion concerning triggering fractal... i put about 15 pips above it... just to be sure....
  • #569
  • Aug 16, 2007 1:14pm Aug 16, 2007 1:14pm
Wow!

What a week!

I'm amazed; astound (I cannot find so hard word to express how astonished I am) at the trades this week

These is result on one of demo accounts

Great thanks to Bill The Great Williams!

Inserted Code
Gross Profit: 92 505.16 
Gross Loss: 9 519.94 
[b]Total Net Profit: 82 985.22 [/b]
  
Total Trades: 86 
Short (won %): 57 (56.14%) 
Long (won %): 29 (41.38%) 

Profit Trades (% of total): 44 (51.16%) 
Loss trades (% of total): 42 (48.84%) 

Largest profit trade: 7 077.66 loss trade: -529.84 
Average profit trade: 2 102.39 loss trade: -226.67
  • #570
  • Aug 17, 2007 2:10am Aug 17, 2007 2:10am
Here is an interesting sample offering trad opportunities with and against the trend...
  • #571
  • Aug 17, 2007 5:42am Aug 17, 2007 5:42am
a question to the experts, does the AO & AC last bar change its color as long as the candle didnt close???

thanks alot
  • #572
  • Aug 17, 2007 6:35am Aug 17, 2007 6:35am
Quoting no0odle
a question to the experts, does the AO & AC last bar change its color as long as the candle didnt close???

thanks alot
yes I think so
  • #573
  • Aug 17, 2007 7:17am Aug 17, 2007 7:17am
AUDNZD obviously has to rest for a while.

Many orders in opposite directions ended (look here).

Better to prepare for the week-end
  • #574
  • Aug 18, 2007 2:37am Aug 18, 2007 2:37am
Isto i think on AUDNZD you should go short... my oppinion
  • #575
  • Aug 19, 2007 9:20am Aug 19, 2007 9:20am
Hi,

I've some questions about the rules for the new Profitunity system.

Is the rule to exit after 2 closes above/below the 5 MA replacing the previous close above/below the teeth of the alligator or above/below the green line in a volatile market?

About the DBar, what are the exit rules after we entered? Do we have to take all the signals from other dimensions when we enter on a DBar?

Thank you very much in advance for your help!

Cheers,
Daniel
  • #576
  • Aug 19, 2007 11:10pm Aug 19, 2007 11:10pm
Hello Daniel,
Quoting dvarrin
Is the rule to exit after 2 closes above/below the 5 MA replacing the previous close above/below the teeth of the alligator or above/below the green line in a volatile market?
No, all these rules are to help you understand the market. They are just sticks helping your move, but the move is yours.

Quoting dvarrin
About the DBar, what are the exit rules after we entered? Do we have to take all the signals from other dimensions when we enter on a DBar?
DBar is step against the trend. So first few bars until trend is not yet reversed you have to watch carefully waht happens.

There are two opportunities - either:

  1. trend will reverse and the rules are well known
  2. reverse will fail either into side move or continuation of previous trend and then you've to get out fast

  • #577
  • Aug 20, 2007 1:22am Aug 20, 2007 1:22am
Thank you very much isto! :-)

I'll test this system more. It looks really nice.
  • #578
  • Aug 28, 2007 2:19pm Aug 28, 2007 2:19pm
In which one of the three books are the two closes above/below pink SMA 5 mentioned?
  • #579
  • Aug 28, 2007 8:01pm Aug 28, 2007 8:01pm
Great thread. I used the Bill Williams methods for about a year with good success. It's all about the add-on trades. I ditched the oscillators and now only use the fractals as entries, add-ons, and support/resistence. I just couldn't keep up with all of the oscillator signals. I occasionally use the alligator to add on, gauge runaway markets, and when to start looking to get out when price is in the mouth.

Even though I'm doing completely different stuff now, the lessons learned were huge. It's all about piling it on when you catch the trend. Up until I saw this thread I haven't seen too many people do well with the system. Mainly because they were afraid to add on. You'll get eaten alive trying to catch breakouts out of the alligator in the forex market without taking the add on signals to make up the difference.
  • #580
  • Sep 1, 2007 10:33pm Sep 1, 2007 10:33pm
Quoting dvarrin
In which one of the three books are the two closes above/below pink SMA 5 mentioned?
I have not seen the 5 sma in any of BW's Books I think its an add on from one of the forums. The first I saw of it was on the Yahoo group.

Somone correct me if I am wrong here.
Could it be Man is trying to be something without knowing they're complete?
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