you might be interested in joining this group. He has some very nice indicators for mt4 as well.
http://finance.groups.yahoo.com/group/TradingChaos/
http://finance.groups.yahoo.com/group/TradingChaos/
Profitunity (Chaos) Trading System by Bill Williams
The EURUSD trade was a good one. I was kicked at 1.3586
I wont quote each trade here because it became too long, will only summarize.
It was an experiment (this is a demo account for, isn't it).
I placed 1 lot order for each and every signal came from the chaos rules.
They were total 38 signals. 38 1-lot-orders were placed
7 ended with a loss, all others (31) are profitable.
Max loss is -460
Max win is 2340
P/L result is 31 060
S/L was moved 3 times and last one was fired.
Looking for the next chance
I wont quote each trade here because it became too long, will only summarize.
It was an experiment (this is a demo account for, isn't it).
I placed 1 lot order for each and every signal came from the chaos rules.
They were total 38 signals. 38 1-lot-orders were placed
7 ended with a loss, all others (31) are profitable.
Max loss is -460
Max win is 2340
P/L result is 31 060
S/L was moved 3 times and last one was fired.
Looking for the next chance
- #24
- Edited 4:45am Apr 23, 2007 2:16am | Edited 4:45am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
OK after the theory - let's try it 
Here is EURUSD H1 setup
Here is EURUSD H1 setup
- AO is read (down move);
- bar is away below ma lines.
- Slopes of ma and price are in an opening angle - price much steeper.
Good candidate for retrace end...
So
a Buy stop order -1 lot - placed above the Divergent (reverse) Bar at 1.3575
a stop loss place on the other side of the bar at 1.3536
whish me good luck 
HI
This is how yesterday setup (post #28) goes currently...
This is how yesterday setup (post #28) goes currently...
- We have another divergent (reverse) bar;
- acceleration has changed direction from down to up;
- Momentum also changed direction from down to up;
- AC 3 green bars signal has been triggered;
So 1 lot buy stop order placed above the rev.bar at 1.3576
another 1 lot buy stop order placed above AC signal bar 1.3588
stopLoss moved below the new DB at 1.3542
let's see what will be the future...
Setup from before yesterday (post #28) seems to turn to profit...
Here is current state - early morning
Here is current state - early morning
- The most recent up fractal has been taken in the night so 1 lot buy stop order has been fired.
- New fractal and AO cross signal apeared simultaniously in the night - new 4 lot buy stop order is placed at 1.3647 - above signals
I'm wondering 
about stop loss - whether I should move it up or leave it where it is...
The distance from the market is widening...
Above all we are in the zone so on each close that is above previous one I'll add more orders - but this is the future yet...
At present I have 12 open orders (last 2 lots) total: 13 lots showing a profit of 3 257.80 at current price 1.3637
let see what will be today
Good luck to all traders!
PS: I'll appreciate if anybody takes the plunge and comments the situation. 
I'll appreciate any opitions and will consider them. The more the heads, the better the result
Some explanations about reverse bar (DBar)...
We have on previous H4 session a bearish reverse bar but we do not take it because the angle is not correct. Prices must go steeper than MSs. There was steep movement but it was before bearish DB formation. When this bar appeared prices were in parallel with MAs...
Well at the begining of US market session EURUSD trade is in a good state
No more orders have been placed because we have already 5 green AO bars and this up move will soon end...
So the only action is to move stop loss below the low of the last bar...
We have on previous H4 session a bearish reverse bar but we do not take it because the angle is not correct. Prices must go steeper than MSs. There was steep movement but it was before bearish DB formation. When this bar appeared prices were in parallel with MAs...
Well at the begining of US market session EURUSD trade is in a good state
No more orders have been placed because we have already 5 green AO bars and this up move will soon end...
So the only action is to move stop loss below the low of the last bar...
Hi isto,I really appreciate your thread. I just started trading this method after reading Bill's 2nd edition of Trading Chaos. It really helps to see how other traders trade this method. Have you read New Trading Dimensions by Bill also ? I have just ordered it and plan on doing some more reading over the weekend. I wish you well and look forward to following your thread. Keep up the great work !!!
- #34
- Apr 26, 2007 12:53am Apr 26, 2007 12:53am
Thank you both Miguel and amaruenterprise
I already thought that nobody ever will post something ... Thank you for the positive attitude - it is something that always help.
First the questions - I've read all three books by Bill Williams, each one several times 
and I admire them for consistency and all these clear tight explanations of the signals, mothos of trade, etc.
I want to underline that I'm not a guru, neither have the key for wealth nor pretend to know where will be the price tomorrow or what will happen with any pair in the near or far future.
I've started this tread for three reasons:
I love this type of trading! Just rated the thread - ***** stars for you!
Thank you for the positive attitude - it is something that always help.
I really appreciate your thread. I just started trading this method after reading Bill's 2nd edition of Trading Chaos. It really helps to see how other traders trade this method. Have you read New Trading Dimensions by Bill also ? I have just ordered it and plan on doing some more reading over the weekend. I wish you well and look forward to following your thread. Keep up the great work !!!
and I admire them for consistency and all these clear tight explanations of the signals, mothos of trade, etc.I want to underline that I'm not a guru, neither have the key for wealth nor pretend to know where will be the price tomorrow or what will happen with any pair in the near or far future.
I've started this tread for three reasons:
- to master myselft and to learn by my mistakes
- to help my best anyone interested in trading this method
- to discute this particular method with others using it so as to improve my own knowledge and skills.
Trading is very fastinating way of life and I like it...
Wish you many profitable pips
on the next day...
today's 1st chart is very doodle
At the end of US session yesterday I was 99% sure that I'll be blown away. I hesitated whether to close at least partially. This is the most painful part of the trade - when there are many signals and each one is in the opposite direction
Finally I left anything to the market for even if stop loss was hit, trade will be profitable - much less, but profitable.
In any case I placed a sell stop order below to the down Dbar in any case.
In contrary of last US session close at the begining of EU session there are many up signals....
So I'll keep stops tight and let's see what the maket wants...
(each trade day is described from post# 27 through post #31)
today's 1st chart is very doodle
At the end of US session yesterday I was 99% sure that I'll be blown away. I hesitated whether to close at least partially. This is the most painful part of the trade - when there are many signals and each one is in the opposite direction
Finally I left anything to the market for even if stop loss was hit, trade will be profitable - much less, but profitable.
In any case I placed a sell stop order below to the down Dbar in any case.
In contrary of last US session close at the begining of EU session there are many up signals....
So I'll keep stops tight and let's see what the maket wants...
(each trade day is described from post# 27 through post #31)
So here is the end of the story...
Stoploss has been triggered at 1.3633.
the result is:
13 open positions
one of them 2 lots and one 4 lots
9 profitable
4 loss
2 830 profit from this trade
because I didn't close when rules say I have to, almost 50% of the profit has gone
Let's see whether this is the top of the wave and how will be with down Dbar signal
as seen in the picture the angle between price and MAs could be analysed also another way (gray is old; white is new)
There is another Up fractal. I didn't place order above it because for now it seems that momentum is rather down than up and could turn a false entry point. On D1 base the momentum is 4 days down and on W1 acceleration is down, so it seems to me that a very strong impuls must appear to push prices up.
Stoploss has been triggered at 1.3633.
the result is:
13 open positions
one of them 2 lots and one 4 lots
9 profitable
4 loss
2 830 profit from this trade
because I didn't close when rules say I have to, almost 50% of the profit has gone
Let's see whether this is the top of the wave and how will be with down Dbar signal
as seen in the picture the angle between price and MAs could be analysed also another way (gray is old; white is new)
There is another Up fractal. I didn't place order above it because for now it seems that momentum is rather down than up and could turn a false entry point. On D1 base the momentum is 4 days down and on W1 acceleration is down, so it seems to me that a very strong impuls must appear to push prices up.
Thank you for your post Larry,
you'll are very welcome. The more experience shared, the more chance to improve skills.
I agree - and this is one of the most importent thing in trade but hard to apply - a sample is my previous post where a big part of the profit gone...
As time permits me, I will be glad to share some of my experiences with using all or part of the Profitunity trading approach;
Have very sound risk management rules (the Profitunity way doesn't give you much guidance here!);
- a sample is my previous post where a big part of the profit gone...
- #40
- Apr 26, 2007 11:11am Apr 26, 2007 11:11am
Expected though, price diving during last two H4 session surprised me.
Fortunately there were sell stop orders - 1 lot for each divergent bar. Currently both triggered.
At the begining of current H4 session another 2 lots sell stop order has been taken ...
Stop loss is set above previous bar high.
Interesting movment.
I've added the new exit line (described in post #39) to see how usefull it will be...
That's it.
Fortunately there were sell stop orders - 1 lot for each divergent bar. Currently both triggered.
At the begining of current H4 session another 2 lots sell stop order has been taken ...
Stop loss is set above previous bar high.
Interesting movment.
I've added the new exit line (described in post #39) to see how usefull it will be...
That's it.
