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Profitunity (Chaos) Trading System by Bill Williams

  • #1,161
  • Jun 24, 2011 2:20pm Jun 24, 2011 2:20pm
Here is a set of indicators and template
It will be like this
Attached Image (click to enlarge)
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Attached File(s)
File Type: rar Profitunity.rar   94 KB | 1,700 downloads
  • #1,162
  • Jun 24, 2011 11:13pm Jun 24, 2011 11:13pm
Quoting lazar-85
Here is a set of indicators and template
It will be like this
Thanks, that is exactly what I was looking for, I am able to use the fractal indicator from your file with my charts!
OPPORTUNITY IS NOWHERE
  • #1,163
  • Jun 28, 2011 4:34am Jun 28, 2011 4:34am
Alligator started to sleep.

Buy stop: o/p: 81.01 (or a little bit higher), s/l: 80.59
Sell stop: o/p: 80.59, s/l: 81.01.

81.00 - strong resistance
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  • #1,164
  • Jul 1, 2011 2:57pm Jul 1, 2011 2:57pm
The best way to trade is to trade simple. We have so many opinions/thoughts about so many things, and opinions and thoughts are what form our beliefs. Bill Williams' say "no one trades the market, everyone trades their individual belief system". Its one thing to understand, and one important thing to understand, that the market has a structure, that the structure of the market can be found (i.e. of course the Elliott Wave) and that the structure also has a structure (i.e Fractals for which I use my AIMS Levels indicator) and quite another thing to act upon that understanding.

"Between stimulus (what the indicators on our charts tell us, and of which Price itself is the prime indicator of market) is our freedom to choose. "
(Stephen R Covey).

That choice need to be exercised and one needs learn to take full responsibility for it. If you knew how to trade the market using a certain proven strategy you'd benefit even more if you have a mechanism to automate the parts that could be automated. Something that makes the simple things simpler.

Obviously the market being a product of chaos generates chaos data and cannot be analysed using set patterns (linear mathematics/geometry techniques), however there are certain bits that we could automate. I was working on something like this and I have now managed something really interesting. Once I'm done with my 1-2 hours extreme M1 trading I can sit back and relax and wait if there is an Entry Alert. Its not the holy grail but its no less. If you were to be alerted just before the market was about to take off and alerted back when the trend was just about to end wouldn't that be great? I think I've got the answer. I'll share the answer in the form of pictures of my recent trades.
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  • #1,165
  • Jul 1, 2011 10:20pm Jul 1, 2011 10:20pm
Quoting yousafzai
The best way to trade is to trade simple. We have so many opinions/thoughts about so many things, and opinions and thoughts are what form our beliefs. Bill Williams' say "no one trades the market, everyone trades their individual belief system". Its one thing to understand, and one important thing to understand, that the market has a structure, that the structure of the market can be found (i.e. of course the Elliott Wave) and that the structure also has a structure (i.e Fractals for which I use my AIMS Levels indicator) and quite another thing...
Interesting, how is it on 15 M or 1 H charts? Does it use fractals also? Will it be available soon? I already have the AIMS setup (paid for) thanks, Cal
OPPORTUNITY IS NOWHERE
  • #1,166
  • Jul 2, 2011 11:28am Jul 2, 2011 11:28am
Quoting yousafzai
Dave Michael greenriver
Thanks

I would recommend reading both they compliment each other
Though markets change behaving frequently the underlying structure remains almost the same because it takes a relatively longer time to change

Note that I have not mentioned reading 2nd edition of trading chaos

I believe forex markets are perfect for trend following still

Regards and thanks for your kind words and visiting my blog

I re-read this comment and would like to add. Using Wiseman technique is not , yes NOT just reversal technique. you have to understand the structure of the market. Once you know that, a little bit of knowledge of Elliott Wave, a bit about how to use AO to count the waves and a bit about Wiseman 1 and angulation. (that rather sounds quite a few bits but still ... LOL) you will find Wiseman technique very useful. Its not just reversal for the sake of reversals it is a way to get into possible trends ahead of time. specially useful for getting into a 3rd wave at the bottom of wave 2. Oh yes, this is the best use of it. and then at the bottom of wave 4 into 5th wave. and then at the end of 5th into a possible new trend. I'm still learning! which is exciting to know! cheers
  • #1,167
  • Jul 3, 2011 5:56am Jul 3, 2011 5:56am
I Trade 8 pairs on H1. All I need is a dot alert and analyse chart in 10 seconds. I used to check pairs every hour. Now I check them only when I get an alert. Play got easier... However one can analyse H1 chart any hour. it would take 2mintues to check 10 charts. If you dont spot a setup in 2 minutes, there is no setup. If you spend further 5 minutes you might find one, beware the lefty!

some charts

more in my blog


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  • #1,168
  • Jul 6, 2011 10:52am Jul 6, 2011 10:52am
Hi guys, first post here on FF, been trading for awhile but still an amateur. I think this CHAOS system is the best.

Do you take other parameters into consideration when taking trades? For instance, on the chart you can see that I watch for breakouts of the Asian session range, signals during my trading day (Europe open to London close), break of previous day's low, really came together today, need to catch these for REAL
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It takes a lot for me to IGNORE you, but you can try.
  • #1,169
  • Jul 7, 2011 11:09am Jul 7, 2011 11:09am
Chart of the day, will post here to review how my understanding of this system evolves over time
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It takes a lot for me to IGNORE you, but you can try.
  • #1,170
  • Jul 7, 2011 1:07pm Jul 7, 2011 1:07pm
Quoting Erebus
Chart of the day, will post here to review how my understanding of this system evolves over time
In my experience, the swissy either paints scribbled pictures by a 2 year old or pure Picasso!!! I hope you trusted the signals and took em?!!! any way its not gone, there is more to come! every day every pair! so many opportunities.....it will blow you mind! just BELIEVE
  • #1,171
  • Jul 8, 2011 11:35pm Jul 8, 2011 11:35pm
Time to polish the crystal ball and see the future, anyone, please share your views!!!
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It takes a lot for me to IGNORE you, but you can try.
  • #1,172
  • Jul 9, 2011 2:34am Jul 9, 2011 2:34am
Hi guys, just like to share this with you, you have to watch it, only 3-1/2 minutes of wisdom

A Common Trait of Millionaire Traders
It takes a lot for me to IGNORE you, but you can try.
  • #1,173
  • Jul 10, 2011 1:34pm Jul 10, 2011 1:34pm
Quoting Erebus
Hi guys, just like to share this with you, you have to watch it, only 3-1/2 minutes of wisdom

A Common Trait of Millionaire Traders
Very useful and inspiring information! "he was a money making machine" !!! loved it!
  • #1,174
  • Jul 12, 2011 6:31am Jul 12, 2011 6:31am
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And here is how to trade it. Remember We DO NOT trade the Elliott Wave we trade our Setup. For me I have two Setups. Setup 1: Sleeping Alligator and Setup2: that is Open alligator.

The Al-Mighty Gator to steer me to the right path and the mighty Dots to alert me!

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I hope you enjoy this! M1 may be fast , it aint fast enough!!!
  • #1,175
  • Jul 12, 2011 9:00am Jul 12, 2011 9:00am
Quoting yousafzai
Attachment

Attachment

And here is how to trade it. Remember We DO NOT trade the Elliott Wave we trade our Setup. For me I have two Setups. Setup 1: Sleeping Alligator and Setup2: that is Open alligator.

The Al-Mighty Gator to steer me to the right path and the mighty Dots to alert me!

Attachment

I hope you enjoy this! M1 may be fast , it aint fast enough!!!
Hi yousafzai,

Your strategy is looking really nice. About your indicators like AIMS. Is it possible to get them?

I've a question about how you count the waves. Bill Williams wrote that we should have 100 to 150 bars in the current trade to be able to identify wave 4 as the AO is passing on the other side of the 0-line. Are you doing that too?

If I understand well your strategy we enter a trade when:

1) Alligator is sleeping
2) There is a breakout of the AIMS zone (fractal breakout)
3) AO is around 0 and crossing the 0-line in the breakout direction.

Is that right? Do you have any other conditions or rules?

What are the dots on the charts? What is the setup 2? a fractal breakout as addon to the trade?
  • #1,176
  • Jul 12, 2011 2:55pm Jul 12, 2011 2:55pm
Quoting dvarrin
Hi yousafzai,

Your strategy is looking really nice. About your indicators like AIMS. Is it possible to get them?

I've a question about how you count the waves. Bill Williams wrote that we should have 100 to 150 bars in the current trade to be able to identify wave 4 as the AO is passing on the other side of the 0-line. Are you doing that too?

If I understand well your strategy we enter a trade when:

1) Alligator is sleeping
2) There is a breakout of the AIMS zone (fractal breakout)
3) AO is around 0 and crossing the 0-line in the breakout direction.

Is...

Hi

It seems you are quite eager to know how it works. Good signs.
I have 3 rules for both of my setups. You understood them well my friend.

Setup 1 is sleeping alligator setup.
Setup 2. is for
Open Alligator.
It happens in two places, one, just after Setup 1 breaks out, it would create that first fractal out of alligators mouth, check the 3 ruels for Open alligator and go for it, many times you should already be in the trade using setup 1, so you get perfect add on. secondly comes when price quickly turns around, alligator does not sleep and opens to the other side. Now here I would use my higher time frame analysis, if it turns around as still against atleast 5X time frame i will not take it, if however, price was sideways even on 5x time frame i would take it. for this i use th purple line and for that i have not yet shared my settings. i will at a later time. meanwhile thank you for liking my system (derived from Bill William's Of course)

cheers
  • #1,177
  • Jul 12, 2011 3:15pm Jul 12, 2011 3:15pm
Quoting yousafzai



Hi

It seems you are quite eager to know how it works. Good signs.
I have 3 rules for both of my setups. You understood them well my friend.

Setup 1 is sleeping alligator setup.
Setup 2. is for
Open Alligator.
It happens in two places, one, just after Setup 1 breaks out, it would create that first fractal out of alligators mouth, check the 3 ruels for Open alligator and go for it, many times you should already be in the trade using setup 1, so you get perfect add on. secondly comes when price quickly turns around, alligator does not...
Really great looking system. I'll test it for a while :-)

Ty yousafzai!
  • #1,178
  • Jul 13, 2011 4:19am Jul 13, 2011 4:19am
Hi,

I've created a small indicator to help finding Wave 4. As Bill Williams wrote in his book, the wave we are analyzing should contain between 100 and 140 bars to have a valid reading on the AO indicator.

Add the indicator in attachment in a chart and put a vertical bar at the beginning of the move and name it "Bar1". Put an other vertical bar at the end of the move and name it "Bar2". The two parameter of the indicator are not used. You can ignore them.

The values to be set on the MACD indicator will appear at the top left of the chart.

Add the MACD indicator to the chart and set its slow and fast periods and you have a accurate way to locate or wait for Wave 4.
If the move contains 50 bars for example, it will adapt the slow and fast periods to be used to help locate Wave 4.
Attached File(s)
File Type: mq4 ElliotWaveBarDiff.mq4   3 KB | 1,347 downloads
  • #1,179
  • Jul 13, 2011 5:16am Jul 13, 2011 5:16am
Quoting dvarrin
Hi,

I've created a small indicator to help finding Wave 4. As Bill Williams wrote in his book, the wave we are analyzing should contain between 100 and 140 bars to have a valid reading on the AO indicator.

Add the indicator in attachment in a chart and put a vertical bar at the beginning of the move and name it "Bar1". Put an other vertical bar at the end of the move and name it "Bar2". The two parameter of the indicator are not used. You can ignore them.

The values to be set on the MACD indicator will appear at the top left of the chart....
Can you post some pictures to demonstrate what you are talking about?

Thanks
OPPORTUNITY IS NOWHERE
  • #1,180
  • Jul 13, 2011 11:21am Jul 13, 2011 11:21am
I would like to create an indicator thta will alert me when there is a fractal breakout and the alligator is sleeping.

Actually, to determine if the alligator is sleeping, I'm checking if during the 15 last bars, there is a bar for which the three alligator lines are not in the correct order (green red blue or blue red green).

For example if on the 5th bar before the last one, if the green line is between the red and blue lines, I consider that the alligator is sleeping.

Has anybody a better idea on how to determine if the alligator is sleeping? And something easy to code ;-)
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