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Chaos Trading System

  • #601
  • Feb 14, 2010 10:38am Feb 14, 2010 10:38am
Quoting Wab
Here is an another classic:...
Thanks for the clarity. That's what I thought you meant. I like it.
  • #602
  • Feb 14, 2010 5:24pm Feb 14, 2010 5:24pm
Hi tafadwa02,

Can you please explain how you trade in 4H, 1H, and 15 min ?


Thanks n Regards,


Quoting tafadzwa02
Guys , i have just noticed you are talking about these EA .I bought for £23 the chaos trader EA from forex-experts.com.I have used it , i will start using it on demo account first and see how it performs.I have to be honest with you , i have since left my day Job , and i am doing reallly well in this forex business , just trading Bill Wiliams .4HR, 1HR and 15 MIN..I guess i am an expert now.
  • #603
  • Feb 15, 2010 6:53am Feb 15, 2010 6:53am
Here's a chart of euro... This is a zoom inside the recent move down...
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 2010-02-15 (280 Min).jpg Size: 118 KB
  • #604
  • Feb 16, 2010 5:58am Feb 16, 2010 5:58am
Here is an alert for Wiseman 1. It is actually an EA rather than an indicator and it inserts text at the top left of the screen. It looks at the previous complete bar and will state "NO SIGNAL" or "Bearish Divergent Bar" or "Bullish Divergent Bar".

The way I use it is to tab through all the pairs on MT4 as soon as the bar has completed. It works on any timeframe and could have an audible alert but I haven't written that in yet because I don't need it.

This will tell you when you have a potential signal ie the bar will be outside the Alligator lines, the close will be in the lower half of the bar for Bearish signals and upper half for Bullish. Also the bar will have a Higher High than the previous bar for Bearish and a Lower Low for Bullish.

You will have to decide whether the bar conforms to the angular requirements of the BW system.

I have only just discovered Chaos and I intend to develop this as time goes on.
Attached File(s)
File Type: ex4 Williams.ex4   3 KB | 574 downloads
  • #605
  • Feb 17, 2010 9:00am Feb 17, 2010 9:00am
Duncan

I just realized that this is not an indicator at all...how do you apply to the chart?

Thanks
  • #606
  • Feb 17, 2010 10:50am Feb 17, 2010 10:50am
i trade , 15 min , same entry points , i.e i only use breakout of fractal and normally if its in conjuction with cross over on AO, exit only when the market closes below the red line, dont really care about candlestick patterns , i do the same on 1 hr and 4 hrs , but that means if yu want to do it , u shld leave yo day job and do this full time , i normally start at 05:30 am till 10pm , remember , when the candlestick closes below the red line , u dont exit but yu put yo stop at the low of the candle stick , plus spread ,plus 1 point. try it , the other thing is i do gbpusd, gbpjpy, gbpchf and eur yen , the idea being that , they dont always move the same way interms of the alligator exits , etc , so when one trends , u make money on that one .
  • #607
  • Feb 17, 2010 11:08am Feb 17, 2010 11:08am
The key to Bill's method is finding divergence between price and the AO. Learning to spot this will give you great success with his method. The problem with the EA sinner has made is that the AO and AC will change the colours of bars previously formed. Some times as many as 3 back on lower time frames. I dont think you will ever get great results with it.
  • #608
  • Feb 17, 2010 11:16am Feb 17, 2010 11:16am
Here is a setup im waiting for. The AO is a wave 3, the min requirements for a wave 4 is crossing the zero line. If this happens I will look for a bullish divergent bar with angulation for an entry long. This should give us a great entry to ride the 5th wave. This is a 15 min timeframe. Remember too that FOMC minutes come out today.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 15min.jpg Size: 170 KB
  • #609
  • Feb 17, 2010 8:30pm Feb 17, 2010 8:30pm
Hi Tafadzwa02,

Thanks a lot for your help. Btw, if you trade on 15 min do you need to see trend in H1 ?or just trade on 15 Min alone ?


Thanks,

Quoting tafadzwa02
i trade , 15 min , same entry points , i.e i only use breakout of fractal and normally if its in conjuction with cross over on AO, exit only when the market closes below the red line, dont really care about candlestick patterns , i do the same on 1 hr and 4 hrs , but that means if yu want to do it , u shld leave yo day job and do this full time , i normally start at 05:30 am till 10pm , remember , when the candlestick closes below the red line , u dont exit but yu put yo stop at the low of the candle stick , plus spread ,plus 1 point. try it , the...
  • #610
  • Feb 17, 2010 10:39pm Feb 17, 2010 10:39pm
1H Fractal breakout sell stop. Price below Aligator. AO below zero level.

Above pending buy stop fractal is for 4H chart continuation of bull rally.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h chaos.gif Size: 25 KB
  • #611
  • Feb 18, 2010 12:41am Feb 18, 2010 12:41am
i generally lok at 4h , for direction , since i will be tarding it anyway , its not dificult.I trade 15 min as it is, since for a trend to start , it starts from 5 min to daily so, i trade 15 min and follow the same rules .I have noticed that on 15 min , esp if its against the major trend , i get a lot of whipsaws , i lose more trades on 15 min than on bigger time frames.But in the end , i win overally , like over 100% at the end of the month .Trust me , if it was possible to post my tardes every 15 min , 1hr and 4hr , i wld juts to show you how i will be doing.
  • #612
  • Feb 18, 2010 2:14am Feb 18, 2010 2:14am
Quoting earret
Duncan

I just realized that this is not an indicator at all...how do you apply to the chart?

Thanks
You are right. It is an EA so you need to put it into your Experts folder then drag it onto the chart from the Navigator - make sure you enable Expert Advisors (Tools/Options/Expert Advisers/Enable Expert Advisors) or click ExpertAdvisors on the task bar.

I have found an indicator (attached) too. I run both at the same time.
Attached File(s)
File Type: ex4 BW-wiseMan-1.ex4   4 KB | 580 downloads
  • #613
  • Feb 18, 2010 3:20am Feb 18, 2010 3:20am
SL moved to 142.69 in case of news effect going against it.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h chaos.gif Size: 18 KB
  • #614
  • Feb 18, 2010 4:10am Feb 18, 2010 4:10am
Hi Tafadzwa02,

Thanks for the reply.

If possible I would like to get some post of your trade on 15 min.


Thanks,


Quoting tafadzwa02
i generally lok at 4h , for direction , since i will be tarding it anyway , its not dificult.I trade 15 min as it is, since for a trend to start , it starts from 5 min to daily so, i trade 15 min and follow the same rules .I have noticed that on 15 min , esp if its against the major trend , i get a lot of whipsaws , i lose more trades on 15 min than on bigger time frames.But in the end , i win overally , like over 100% at the end of the month .Trust me , if it was possible to post my tardes every 15 min , 1hr and 4hr , i wld juts to show you how...
  • #615
  • Feb 18, 2010 4:11am Feb 18, 2010 4:11am
doing good after news. move SL trailing along the green line (lips)
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h chaos.gif Size: 24 KB
  • #616
  • Feb 18, 2010 4:36am Feb 18, 2010 4:36am
Each fractal circle it's sell fractal setup.




Quoting pipfirst
Hi Tafadzwa02,

Thanks for the reply.

If possible I would like to get some post of your trade on 15 min.


Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: gj15min chaos.gif Size: 24 KB
  • #617
  • Feb 18, 2010 5:50am Feb 18, 2010 5:50am
i will just tell yu my trades to day , like i said , i wake up at 5:30. so my sell stop was at 1.56441 on gbpusd , i did not put a buystop coz of the trend on the hourly , plus there was a midpoint on 1.5673.if the market had left a fractal above that point , thats where i wld have put my buy stop .at the moment @ 11:46 British time , i have moved my stop to 1.5672.i wiil exit when my stop is hit , or when it hits the high of the candle stick that closes above the red line.the same concept applies for the rest of the curencies i trade
  • #618
  • Feb 18, 2010 8:52am Feb 18, 2010 8:52am
Quoting Duncan
You are right. It is an EA so you need to put it into your Experts folder then drag it onto the chart from the Navigator - make sure you enable Expert Advisors (Tools/Options/Expert Advisers/Enable Expert Advisors) or click ExpertAdvisors on the task bar.

I have found an indicator (attached) too. I run both at the same time.
Thanks for help Duncan...that worked
  • #619
  • Feb 18, 2010 9:15am Feb 18, 2010 9:15am
Quoting fxtaiko
1H Fractal breakout sell stop. Price below Aligator. AO below zero level.

Above pending buy stop fractal is for 4H chart continuation of bull rally.

Great trade mate. You were in well over 100 pips profit on that one.
  • #620
  • Feb 18, 2010 9:39am Feb 18, 2010 9:39am
Quoting earret
Thanks for help Duncan...that worked
I have improved the EA (new version attached) so that it gives you the Buy Stop or Sell Stop level and the Stop Loss too. You can choose the number of pips above and below the bar for the order and stop level. If you are using a 5 digit broker such as Alpari you need to enter 10 for one pip, otherwise use 1. Go to inputs tab when you drag the EA onto the chart.

I find this really useful.

Another feature I thought might be useful would be to shown the amount of Angulation but this is making my brain hurt at the moment because I can't decide how to do it. Any ideas?
Attached File(s)
File Type: ex4 Williams.ex4   4 KB | 630 downloads
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