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Profitunity (Chaos) Trading System by Bill Williams

  • #1,321
  • Jan 31, 2012 7:52am Jan 31, 2012 7:52am
I trade with Imran on a daily basis on the m1 and m5 charts and although January has been slower than the back end of last year we are showing profit for the month.

cheers

Grant
  • #1,322
  • Jan 31, 2012 8:21am Jan 31, 2012 8:21am
Just spoken to Imran (yousafzai) and he would like to say :

Long time no speak Green River, have tried skype to no avail. Hope all is well and get in touch when you get a chance. Would love to post in this thread but as a system owner i am not allowed.

Imran

cheers
Grant
  • #1,323
  • Jan 31, 2012 10:14am Jan 31, 2012 10:14am
I Missed the first entry at the fractal, but the rest of it looks good with adding on as each previous fractal was penetrated.
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  • #1,324
  • Jan 31, 2012 2:37pm Jan 31, 2012 2:37pm
Quoting grant18265
Just spoken to Imran (yousafzai) and he would like to say :

Long time no speak Green River, have tried skype to no avail. Hope all is well and get in touch when you get a chance. Would love to post in this thread but as a system owner i am not allowed.

Imran

cheers
Grant
Surely he knows that he can start a thread in the Commercial Forum, should be good for business!

It takes a lot for me to IGNORE you, but you can try.
  • #1,325
  • Feb 1, 2012 2:23am Feb 1, 2012 2:23am
Quoting Wab
I Missed the first entry at the fractal, but the rest of it looks good with adding on as each previous fractal was penetrated.
i am curious..well this work today doesnt mean it work everytime like that...you entries where base on history fractal not the most current ones..bill dont use fractal like that.
MY OPINION NOT FINANCIAL ADVISE
  • #1,326
  • Feb 2, 2012 2:20am Feb 2, 2012 2:20am
Here is how that particular set of trades worked out: Some of them were taken a bit late.
I would also have done a bit better trailing a stop on the red Alligator line.

I find that you can add on when the price breaks a fractal for a break out trade as BW teaches.
But I also use previous historical fractals, from the previous wave, in what I call break in trades.
It works well and is worth testing.
Attached Image (click to enlarge)
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  • #1,327
  • Apr 3, 2012 2:00am Apr 3, 2012 2:00am
hi isto,
i want to know ,Do you still ues this system yet?

kunz
  • #1,328
  • Apr 13, 2012 1:09am Apr 13, 2012 1:09am
Hi guys...i just wonder if anyone still had trouble with the wisemen signals especially the first wiseman...

I found out that using first wiseman is very confusing and very risky, i believe this is why Dr. Williams said to use the smallest of the asset allocation available or simply use no leverage to trade this signal, but until i read the first book (the first book is actually the third that i've read) then all started to fit the picture...

Elliot wave counting and the squat bar fit with the wisemen and solve each other's puzzle.

Just sharing ideas
  • #1,329
  • Apr 19, 2012 2:05pm Apr 19, 2012 2:05pm
Has anyone tried using LOCTrailingMA for Bill Williams trades?

Here is an an example using the Green Alligator line as a stop. You can also use fractals or any of a variety of other methods.

This particular trade worked out so well, that I just had to share it.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy h1 2.gif Size: 43 KB
  • #1,330
  • Apr 19, 2012 2:20pm Apr 19, 2012 2:20pm
Quoting Wab
Has anyone tried using LOCTrailingMA for Bill Williams trades?

Here is an an example using the Green Alligator line as a stop. You can also use fractals or any of a variety of other methods.

This particular trade worked out so well, that I just had to share it.
Wab, first of all: I like your signature.
Quote
Of all the ways to analyze the market Elliott Wave is the worst, but it is the only one that works.
Second: I donīt know the LOCTrailingMA, is it a commercial product ?

Third: Did you enter LONG when the Alligator was SHORT ?
I thought that the Alligator has to open first into the direction you want to trade, but maybe I am wrong ?
I havenīt read the 1328 posts, only the first few where the BillWilliams method is described and yours.
  • #1,331
  • Apr 19, 2012 2:35pm Apr 19, 2012 2:35pm
Quoting fxtr51
Wab, first of all: I like your signature.
Second: I donīt know the LOCTrailingMA, is it a commercial product ?

Third: Did you enter LONG when the Alligator was SHORT ?
I thought that the Alligator has to open first into the direction you want to trade, but maybe I am wrong ?
I havenīt read the 1328 posts, only the first few where the BillWilliams method is described and yours.
Here is the web page for the EA he is describing. cost is $20


http://www.landofcash.net/ForexExper...railingMA.aspx

Looks a bit interesting...... I would like to hear more of his experience with it.
  • #1,332
  • Apr 20, 2012 12:19pm Apr 20, 2012 12:19pm
Entry level was above the HH (higher high) fractal that is above the red line (Third wise man I believe.) It wasn't above the red line when it formed but the red line dipped and made it legitimate to take that level for an entry 7 bars later.

Then I let LOC trail the stop on a 5, 3 displaced smoothed median MA (The Green Alligator line) plus one pip. The one pip extra prevents being stopped out on touches of the Alligator line. I also set my intial stop one pip below the fractal as Bill Williams does and LOC will move it up once the trade gets going and the Green Alligator line gets above your entry level.

Once you get in a trade you let LOC manage it and it really makes trading a lot less time consuming. Even one minute charts can take an hour or more to run out a good trade and that is an hour that you can walk away and not have to baby sit.

The Version that does this is LOCTrailingMA. Another version, LOCTrailing, has fractal stops that also work well. Sometimes I use an X bars back stop which it also has.

Mikhail, the fellow who codes LOC, is very decent and and added the displaced moving averages and at my request.

I am not in anyway involved with LOC beyond using it and thinking that it is great trailing stop software. It is a great system to use in conjunction with Bill Williams methods and does a lot to solve the problem of where to exit and how to manage a trade once you are in it.

Check out Land of Cash (LOC) for some demo videos. It is worth every cent in my opinion.
  • #1,333
  • Apr 20, 2012 1:48pm Apr 20, 2012 1:48pm
Wab

From your posts and what I saw on the site, $20 is a low, low price...

This is a most handy tool..

Thanks for describing your trade management.
  • #1,334
  • Apr 20, 2012 2:56pm Apr 20, 2012 2:56pm
Quoting Wab
Has anyone tried using LOCTrailingMA for Bill Williams trades?

Here is an an example using the Green Alligator line as a stop. You can also use fractals or any of a variety of other methods.

This particular trade worked out so well, that I just had to share it.
Thanks for sharing the tip on LOC Trailing EA, will probably purchase....

Now, how are you showing the HH, HL, LL & LH points on your chart?

Thanks, E.
It takes a lot for me to IGNORE you, but you can try.
  • #1,335
  • Apr 20, 2012 5:00pm Apr 20, 2012 5:00pm
HH HL LH LL represent in most cases the fractals.


Try this attached indicator
Attached File(s)
File Type: ex4 sangmaneHL.ex4   4 KB | 737 downloads
  • #1,336
  • Apr 21, 2012 11:56am Apr 21, 2012 11:56am
That indicator may fill your hard drive with extremely large MT4 log files and cause you problems. Keep a close eye on your hard drive space if you use it.

The fractals in MT4 do the same job perfectly in identifying the correct entry with the red alligator line.
  • #1,337
  • Apr 21, 2012 12:07pm Apr 21, 2012 12:07pm
Quoting Wab
That indicator may fill your hard drive with extremely large MT4 log files and cause you problems. Keep a close eye on your hard drive space if you use it.

The fractals in MT4 do the same job perfectly in identifying the correct entry with the red alligator line.
Wow, I have not used that indicator, i just use an indicator that I bought from one of the thread members to show the fractals and that has been good enough.

Good thing you mentioned that.

Thanks
  • #1,338
  • Apr 21, 2012 7:47pm Apr 21, 2012 7:47pm
I will post more charts using LOC as I trade them.

I occasionally use the X bars back stop or fractals for a stop but generally the Alligators lips, plus one pip seems to be best.
  • #1,339
  • Apr 25, 2012 1:58am Apr 25, 2012 1:58am
Quoting Wab
I will post more charts using LOC as I trade them.

I occasionally use the X bars back stop or fractals for a stop but generally the Alligators lips, plus one pip seems to be best.
No 'Trades jet ?
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  • #1,340
  • Apr 25, 2012 10:16am Apr 25, 2012 10:16am
The H1 USDJPY made a nice trade. Once I entered I had nothing to to do but check it later. I should have taken a profit at 161.8 but I let it run to see what it would do.

I am going to trade it again in H1, as it just broke a trend line after a 61.8 retrace and will likely break above the fractal next.

Once again, I have LOC set to add a stop at 16 pips and then it will trail the stop as the green Alligator line rises above the price.

If the price breaks and closes above the next trend line (not shown) I will add another trade on. This time I will take profits on 50% at 161.8 (which is at 81.993) and let LOC handle the rest of it.

The beauty of this is that I can now go about the rest of my day and just check this once in a while to see what it is doing. It will either work or it won't.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy h1 setup 3 lots 4.gif Size: 42 KB
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