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Profitunity (Chaos) Trading System by Bill Williams

  • #701
  • Aug 5, 2009 1:56am Aug 5, 2009 1:56am
It won´t be enough to trade the 3 W men!!
You need to filter, either Fibo, or some other system you are familiar with.
I just use the 3 W Men as triggers, once I find a place to enter, calculating Fibos, start 4 H , refine 15 min. Enter 5 Min using 3 WM.
Or weekly/ dayly/ hour (provided you don´t sleep and control your trades at night!)
Fibos on Time axis are very important too..

Piramiding is paramount, just go by the book.
Bullish bar: 1 Contract
AO: 5 Contracts
Fr : 4
Exactly opposite than taking out portions as you become profitaböle which is one of the most negative practices on performance.
Why?:You get hit when stopped in the beginning, with a full load,but on your highest profits you arrive (at best) with half a position.

Bill Williams piramiding works, on your favour: you get hit either with only one contract or maybe 6, seldom with 10.
All your winners are full loads!

Still just the system alone as entry will hardly break even.
Also try an account without fixed contracts, like OANDA or RBS Marketindex.
You can tailor the size of every position exactly, with some simple excell work.
Literally practice risking cents.
Gotta be fun...
Enjoy life...
  • #702
  • Aug 5, 2009 5:10am Aug 5, 2009 5:10am
On what Time frame you Trade this system. Is 4 hour good enough?
  • #703
  • Aug 5, 2009 6:02am Aug 5, 2009 6:02am
Quoting bils32611
On what Time frame you Trade this system. Is 4 hour good enough?

time frame dont always work for every tf..some pair volatile some are slow but for me my main pair is GJ 15tf, 1hr for this chaos system ..i know longer use it but but it was interesting..
i have thread that provide everything abt chaos sustem..
u have to discover ur own tf that suit ur MM..
MY OPINION NOT FINANCIAL ADVISE
  • #704
  • Edited 8:37am Aug 14, 2009 8:32am | Edited 8:37am
Quoting donfriday
chaos is a great system..simple and profitable if u trade with sl and discipline..

http://www.forexfactory.com/showthread.php?t=175762

hi frend,

i am new to this forum but i am also chaos trader. the system is really great as long as we follow the rules. of coz no perfect system in forex trading but by using choas we can minimize the loss by using SL.
Dancing with de MARKET.. bravoo!!
  • #705
  • Aug 25, 2009 9:05pm Aug 25, 2009 9:05pm
Quoting azitaco
hi frend,

i am new to this forum but i am also chaos trader. the system is really great as long as we follow the rules. of coz no perfect system in forex trading but by using choas we can minimize the loss by using SL.


i agreed to that... there is no holy grail in forex but the truth is this system keep us away from bad entry...if we could read all the indicators correctly we should not have problem with it..
MY OPINION NOT FINANCIAL ADVISE
  • #706
  • Sep 8, 2009 1:56am Sep 8, 2009 1:56am
Many people are using profitunity and metastock I guess.

There is an expert advisor chart in metastock (v. 10.1).

Does anybody know;

How can we use profitunity expert advisor chart which exists in metastock (I have version 10.1)?

There are commentery preview notes in it but they ara not very clear.
What should we do especially when there is blue bar?

Thank you in advance for the replies.
  • #707
  • Sep 20, 2009 12:16pm Sep 20, 2009 12:16pm
There are powerful indicator ZoneTrade that represents the 4th dimesion of the chaos system. The 4th dimension creates the trading zone based on the AC ja AO indicators. Please read this post to get the indicator: http://www.forexfactory.com/showthread.php?t=197546

http://img508.imageshack.us/img508/1613/zonetrade2.gif
Enter Signature
  • #708
  • Oct 21, 2009 9:01am Oct 21, 2009 9:01am
I read Williams' book and I was quite dissapointed. I see that many people follow his 'chaos' approach, but this is how I see it. I don't like to be destructive, but I like to call things by their names. On the other hand, some contributions are quite valuable, as I depict below.

In addition this is my opinion. If there is something wrong below, please do not hesitate to respond this post. If I am wrong, I prefer to know.


Fractals: local maximums and minimums. Nothing else.

Awesome Oscillator: the difference between the 34-period and 5-period simple moving averages of the bar's midpoints (H+L)/2. That is, the MACD of 5 and 34 applied to the midpoint of High and Low instead tothe close.

Acceleration Oscillator:

MIDPOINT PRICE = ( HIGH + LOW ) / 2
AO = SMA ( MIDPOINT PRICE, 5 ) – SMA ( MIDPOINT PRICE, 34 )
AC = AO – SMA ( AO, 5 )
That is, the Acceleration Oscillator is the MACD histogram, i.e., the MACD minus its signal. Again, the MACD computed on hte midpoint. Nothing new. (well, the MACD signal is usually an EMA, not a SMA)

The Alligator: another way of displaying three moving averages.

The interesting contributions I see here are:

- all the signals of buy and sell described for the AO. Deep study, which at least at first glance, is valid also for MACD.

- the Alligator, it is not the use fo a smoothed MA but the forward displacement what makes it extremely interesting.

- the Gator Oscillator, which depicts two MACDs in the same graphic (one for the jaw/teeth MA and one for the teeth/lips). I think this oscillator deserves more in-depth study, which I will try to do in my free time.


Best regards and lots of pips to everyone.

gonso
  • #709
  • Nov 15, 2009 1:28am Nov 15, 2009 1:28am
Quoting gonso
I read Williams' book and I was quite dissapointed. I see that many people follow his 'chaos' approach, but this is how I see it. I don't like to be destructive, but I like to call things by their names. On the other hand, some contributions are quite valuable, as I depict below.

In addition this is my opinion. If there is something wrong below, please do not hesitate to respond this post. If I am wrong, I prefer to know.


Fractals: local maximums and minimums. Nothing else.

Awesome Oscillator: the difference between the 34-period and 5-period...

dont be confuse rather than finding the problem by reading the 2nd edition, this system work but remember nothing work best all the time... u think people will buy system that does not work for 3K usd?.....dont use if u dont like it but i guess u need more study abt it cus AO and BDB is the first entry and alligator breakout when fractal is form outside gator and 3rd ao green....
cheers follow the trend ...
MY OPINION NOT FINANCIAL ADVISE
  • #710
  • Nov 15, 2009 4:21am Nov 15, 2009 4:21am
Quoting gonso
I read Williams' book and I was quite dissapointed. I see that many people follow his 'chaos' approach, but this is how I see it. I don't like to be destructive, but I like to call things by their names. On the other hand, some contributions are quite valuable, as I depict below.
.......
Gonso, I like to call things by their name as well: You`ve read the books (Chaos2 as well?) - but you haven`t digested them yet.

You have seen the tires, a little engine, some spoilers.... but you haven`t recognized the BMW yet - nor the instructions how to race!!!!! This is understandable, as BW is a top systems creator, but a lousy writer.

BW has taken parts of TA, reshaped, retooled and renamed them - and put them in a connection (for example alligator as deciding when and how to use fracal) and finally applied a unique mm system to all of this.

Does his system work on cable all the time? No. Does it work on currencies all the time? YES. Because it will tell you which underlying NOT to touch at a given time.

So read the book(s) 3-5 times - just to memorize the facts. Only then try to analyze the parts and their interaction. And finally the mm.

BW system is a self-contained closed system, nothing should be taken away, adding won`t help much either - just like P&F, 3LB, Ichimoku, M.I.D.A.S. ....just to name a few.

Regards

Forex37
  • #711
  • Nov 16, 2009 4:17am Nov 16, 2009 4:17am
Quoting Forex37
Gonso, I like to call things by their name as well: You`ve read the books (Chaos2 as well?) - but you haven`t digested them yet.

You have seen the tires, a little engine, some spoilers.... but you haven`t recognized the BMW yet - nor the instructions how to race!!!!! This is understandable, as BW is a top systems creator, but a lousy writer.

BW has taken parts of TA, reshaped, retooled and renamed them - and put them in a connection (for example alligator as deciding when and how to use fracal) and finally applied a unique mm system to all...

I totally agree. Maybe I need those 3 or 5 times more of reading.

But maybe my message was a bit misunderstood (which means that my writing may be a bit lousy as well). I didn't mean to reject BW's system. I just disagree on the fact that it is chaos.

Thanks for the comments and Lots of Pips to all.

gonso
  • #712
  • Edited Nov 18, 2009 12:30am Nov 17, 2009 10:14pm | Edited Nov 18, 2009 12:30am
Quoting gonso
I read Williams' book and I was quite dissapointed. I see that many people follow his 'chaos' approach, but this is how I see it. I don't like to be destructive, but I like to call things by their names. On the other hand, some contributions are quite valuable, as I depict below.

In addition this is my opinion. If there is something wrong below, please do not hesitate to respond this post. If I am wrong, I prefer to know.


Fractals: local maximums and minimums. Nothing else.

Awesome Oscillator: the difference between the 34-period...
I just saw this comment. Good evaluation seems to be . Since you seem to be
open for discussion on this subject, so thought I wanna share what know about
chaos trading system.

In his books ,I thought Dr. Bill Williams mention something about the data inflow Factals,Alligator, Awesome Ossilators etc...
The usual data-base for moving averages and macd...etc...are linear-data type of input.
BUT for the Chaos trading system, the data inflows taken into the systems are Non-Linear type of data.
So although the displays may almost look the same,the may not be the same.
"Similar but not Exact".

Just read the book again, you will rediscover this statement somewhere in the
Chaos.

Cheers!

Satni
  • #713
  • Nov 21, 2009 1:33am Nov 21, 2009 1:33am
I see a buy signal GBPCAD. And You?
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  • #714
  • Nov 21, 2009 1:34am Nov 21, 2009 1:34am
on the daily chart fractal buy too
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  • #715
  • Nov 21, 2009 1:56am Nov 21, 2009 1:56am
Quoting Nobleman
on the daily chart fractal buy too

Hmm bro...how can you teach newbie profitunity chaos in this way when you have 3 different colors of bars....i use this system also very well but i dont even understand those signal on your chart....it look so different ..
MY OPINION NOT FINANCIAL ADVISE
  • #716
  • Nov 21, 2009 2:28am Nov 21, 2009 2:28am
GBPAUD - similar situation. Go up!!!
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  • #717
  • Nov 21, 2009 2:31am Nov 21, 2009 2:31am
We must see who is stronger. AUD or CAD...
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  • #718
  • Nov 21, 2009 2:35am Nov 21, 2009 2:35am
Canadian stronger than the Australian. GBPAUD buy looks better!
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  • #719
  • Nov 21, 2009 4:44am Nov 21, 2009 4:44am
I think so buy! From 147.11
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  • #720
  • Edited 8:29pm Nov 30, 2009 6:27pm | Edited 8:29pm
First thing first, BW Chaos trading system is a Trend System.

Thus the message.."Do not trade when the alligator sleeps(intertwines)"

The chart below, Daily EU, implies the Alligator is wide awake for several

months since may 2009....It could be suffering from Insomnia of some kind..

But of course it takes awhile to understand this simple BW message...

C H E E R S!
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