My trillion thanks for your Prompt Advice. I will do my best to create a template capturing the indicators. May need help again though. 
Have a Successful Trading week ahead.
Actually the indicators and template are built into Metatrader. Just look for Williams in the Template list. There are some indicators on there that aren't used in the newest method, but you can just delete them.
Have a Successful Trading week ahead.
Hi Everyone
Appreciate very much your quick advice to my raised issues. While waiting for the Trading Chaos (2nd Ed) and Trading New Dimensions books to reach me, I have started reading the first book today. Thanks donfriday for the link to the pdf version.
Just finished Level 1: Novice Trader. Am enjoying the knowledge learned and BW has made it very easy for newbies (incl me) to understand. Smile.
You will definitely hear from me again with more questions. Thank you.
Have a Nice evening/Great week.
Appreciate very much your quick advice to my raised issues. While waiting for the Trading Chaos (2nd Ed) and Trading New Dimensions books to reach me, I have started reading the first book today. Thanks donfriday for the link to the pdf version.
Just finished Level 1: Novice Trader. Am enjoying the knowledge learned and BW has made it very easy for newbies (incl me) to understand. Smile.
You will definitely hear from me again with more questions. Thank you.
Have a Nice evening/Great week.
- #385
- Jun 30, 2009 4:24pm Jun 30, 2009 4:24pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
I have a "big head" after going through the Elliott wave chapter twice .. Located Awesome Oscillator and MFI from a demo website. Still trying to find the remaining indicators ..
Feel like a "dummy" ..Let's hope my head will clear a little after reading the confusing chapters again and again.
MY OPINION NOT FINANCIAL ADVISE
Yes I downloaded MT4. Cannot access the indicators as I do not have a user account. No freebies out there and I still need to find a way around it ..
Have not been generated $$ for some months now and rather spent a lot on the trading programs + another $2K loss on a trade recommended by the mentor. He's very stubborn to ask us to hold on and most of us did (80% loss). I hope soon I will be competent to find consistent successful trades using the Chaos system.
Sorry that I am reluctant to spend $$ before making any.
Good news: I finished reading the first Chaos books last night. After reading the Elliott Wave chapter for 3 times, I am not as confused .. haha .. Plan to go through the suggested indicators/strategies again while searching for a "complimentary" or "reasonably priced" solution for the system set-up.
Grateful for the advice/guidance provided in the forum.
Have not been generated $$ for some months now and rather spent a lot on the trading programs + another $2K loss on a trade recommended by the mentor. He's very stubborn to ask us to hold on and most of us did (80% loss). I hope soon I will be competent to find consistent successful trades using the Chaos system.
Sorry that I am reluctant to spend $$ before making any.
Good news: I finished reading the first Chaos books last night. After reading the Elliott Wave chapter for 3 times, I am not as confused .. haha .. Plan to go through the suggested indicators/strategies again while searching for a "complimentary" or "reasonably priced" solution for the system set-up.
Grateful for the advice/guidance provided in the forum.
[quote=wgreenie;2842494]Yes I downloaded MT4. Cannot access the indicators as I do not have a user account. No freebies out there and I still need to find a way around it ..
If you're looking for the indicators described in the first book, these won't be part of the template. TWR has been replaced by the Alligator. MFI has been replaced by the Awesome Oscillator, which fulfills the same function and more. MFI is available in Metatrader but does not work properly with Forex volume. Awesome Oscillator does not have this shortcoming. As traded by Bill Williams currently the system has only two entries 1. a bullish or bearish divergent bar or 2 a fractal breakout above the red line of the Alligator. It's extremely simple. These trades especially the BDB are taken with very small positions. Add ons trades are accomplished using three Awesome Oscillator bars of the appropriate color following the BDB (W1) or adding at each fractal breakout whether current or historical. Stops are placed at the base of the W1 or behind the Alligator's red line and as the trend progresses moved up behind the green line of the Alligator. If it gets way beyond the green line, you can move it up to the bottom of the previous bar. That's about all there is to it as he currently trades it. In other words, don't worry about saucer trades, twin peaks and such. You need to know the history of the system to fully understand it, but the book two system will cause you to lose, if you trade it. It probably worked when markets moved in long slow trends. They don't do that anymore.
If you're looking for the indicators described in the first book, these won't be part of the template. TWR has been replaced by the Alligator. MFI has been replaced by the Awesome Oscillator, which fulfills the same function and more. MFI is available in Metatrader but does not work properly with Forex volume. Awesome Oscillator does not have this shortcoming. As traded by Bill Williams currently the system has only two entries 1. a bullish or bearish divergent bar or 2 a fractal breakout above the red line of the Alligator. It's extremely simple. These trades especially the BDB are taken with very small positions. Add ons trades are accomplished using three Awesome Oscillator bars of the appropriate color following the BDB (W1) or adding at each fractal breakout whether current or historical. Stops are placed at the base of the W1 or behind the Alligator's red line and as the trend progresses moved up behind the green line of the Alligator. If it gets way beyond the green line, you can move it up to the bottom of the previous bar. That's about all there is to it as he currently trades it. In other words, don't worry about saucer trades, twin peaks and such. You need to know the history of the system to fully understand it, but the book two system will cause you to lose, if you trade it. It probably worked when markets moved in long slow trends. They don't do that anymore.
Thanks gentlemen for your prompt response (as always). I feel better now and will explore the suggested ways for a "free" set-up solution .. haha ..
No wonder the forum is talking about the revised indicators found at the second book I guess. Good to read the first one as foundation and I can't wait to read the second & third ones (will reach me next week and I just got a delivery notice).
I will have better sleep now that I know you will help me in my learning path! You make it "sound" so easy .. haha .. Thank you! 
No wonder the forum is talking about the revised indicators found at the second book I guess. Good to read the first one as foundation and I can't wait to read the second & third ones (will reach me next week and I just got a delivery notice).
I will have better sleep now that I know you will help me in my learning path!
You make it "sound" so easy .. haha .. Thank you! - #392
- Jul 1, 2009 10:56am Jul 1, 2009 10:56am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
I will of course try the "free" channel(s) first. Will I get free data (even not live) on stocks and ES Futures (S&P emini) or just forex?
My peers mentioned TradeStation many many times. I only consider it now because of the BW set-up. I don't like the idea of paying a monthly fee of $100 (and $50 more on live data) ..
You all are experts in trading and newbie me needs guidance so that I can shorten my search/chase. I am extremely grateful that there're forums out there with experienced traders/users (like you) who are willing to share and answer any questions I may have.
I really hope that I will soon be posting sample trades to reconfirm my understanding on the Chaos system. My trillion thanks again.
I do not feel "alone" anymore on this new venture .. haha
My peers mentioned TradeStation many many times. I only consider it now because of the BW set-up. I don't like the idea of paying a monthly fee of $100 (and $50 more on live data) ..
You all are experts in trading and newbie me needs guidance so that I can shorten my search/chase. I am extremely grateful that there're forums out there with experienced traders/users (like you) who are willing to share and answer any questions I may have.
I really hope that I will soon be posting sample trades to reconfirm my understanding on the Chaos system. My trillion thanks again.
I do not feel "alone" anymore on this new venture .. haha
- #394
- Jul 1, 2009 1:55pm Jul 1, 2009 1:55pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
Yes, I will do my best to locate a free platform so that I can test out the Chaos system without paying a dime .. smile .. 
I prefer a simple solution like a turnkey one .. haha .. so that I will focus on learning the system and practise what I learn. Will start reading the Trading New Dimensions book in a few minutes.
Enjoy your afternoon + a relaxing evening.
I prefer a simple solution like a turnkey one .. haha .. so that I will focus on learning the system and practise what I learn. Will start reading the Trading New Dimensions book in a few minutes.
Enjoy your afternoon + a relaxing evening.
Yes, I will do my best to locate a free platform so that I can test out the Chaos system without paying a dime .. smile ..
I prefer a simple solution like a turnkey one .. haha .. so that I will focus on learning the system and practise what I learn. Will start reading the Trading New Dimensions book in a few minutes.
Enjoy your afternoon + a relaxing evening.
Just get a demo from www.fxcm.com or any other one you prefer. When you are ready....say so on this board.......then someone probably me will send you all the BW indicators......how about that?
Yes, I will do my best to locate a free platform so that I can test out the Chaos system without paying a dime .. smile ..
I prefer a simple solution like a turnkey one .. haha .. so that I will focus on learning the system and practise what I learn. Will start reading the Trading New Dimensions book in a few minutes.
Enjoy your afternoon + a relaxing evening.
GFT Dealbook 360 is another free platform (outside of MT4) that includes all BW indis.
Regards
Forex37
Hello my Chaos Mentors! I will explore the alternatives you mentioned and hopefully will soon report some good news .. Wish me luck!
Hey, I started reading the Trading New Dimensions, the pdf file I found in the forum. Seemed all graphs were missing after reading up to page 30sh. Is there another file somewhere?? If not, it's okay because my books should reach me next week (incl the 2nd edition).
The stock market drops so much so far this morning. I have not done any real trades. Not many trade ideas from the daily chatroom for the past 2 weeks - that's where and how I find my trades.
With your help/guidance (even you trade mostly forex), I am confident that I will soon learn how to find good trades (stock/option/futures too). When I talked with my father-in-law last night, he asked me if I may soon learn how to trade forex. I told him that's plan, ie CAD/US$ as a start.
My heartfelt thanks again Gentlemen (I think my guess is right). Your prompt response has made my day (as always).
Enjoy a Relaxing Long weekend (if you live in the States) .. almost Fri for the ones who are not .. smile ..
Hey, I started reading the Trading New Dimensions, the pdf file I found in the forum. Seemed all graphs were missing after reading up to page 30sh. Is there another file somewhere?? If not, it's okay because my books should reach me next week (incl the 2nd edition).
The stock market drops so much so far this morning. I have not done any real trades. Not many trade ideas from the daily chatroom for the past 2 weeks - that's where and how I find my trades.
With your help/guidance (even you trade mostly forex), I am confident that I will soon learn how to find good trades (stock/option/futures too). When I talked with my father-in-law last night, he asked me if I may soon learn how to trade forex. I told him that's plan, ie CAD/US$ as a start.
My heartfelt thanks again Gentlemen (I think my guess is right). Your prompt response has made my day (as always).
Enjoy a Relaxing Long weekend (if you live in the States) .. almost Fri for the ones who are not .. smile ..
- #400
- Jul 2, 2009 11:58am Jul 2, 2009 11:58am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE