Profitunity (Chaos) Trading System by Bill Williams

The best part of BW is the idea of adding to a winning position, as opposed to scaling out...the latter works against your bottom line, cause your best winners are thin, your losses are full loads.
I like the second book, meaning you keep adding to a trend...look at some of those loong forex trends in majours...if you keep adding on every chaos signal, and run through most of the swing, you hit a thick homerun.
The problem is filtering those good old sleepy alligators, thex will eat away the profits....
Conclusion: folter with eEW,Fibos in price, and specially in fibos time...
make sure you have thick winners, reduce your loosers, reduce your loosing size...and you are a winner..
All the best

I agree ))
I couple profitunity with options levels lately and it works great alltogether

http://clip2net.com/clip/m180994/thu...-clip-24kb.png
http://profitunityclub.com/?page_id=180

The idea of ​​doing the opposite signal adviser to B. W. and add a martingale came to my friend because I saw a negative curve by the method of BW so there was adviser antiunity http://www.onix-trade.net/?act=monit...=38705&lang=ru

Could you explain, please, what you mean by 'options levels'.? Thanks


daveM

http://clip2net.com/clip/m180994/thu...-clip-24kb.png
http://www.myfxbook.com/ru/members/K...X/f-117/669106

http://www.myfxbook.com/ru/members/K...X/f-117/674366

Hi,

I'm using the Profitunity system on majors. I mainly use the fractals for buy/sell opportunities and then add to positions if there is a trend and more signals are 'hit'. Does anyone else actively and consistently use the 3 wise men of Bill Williams for forex trading?

Would be interested to hear from other people who use Bill Williams currently.

i read your posr but i have a question

why do bill williams use 5 bar analysis?

i dont understand ,why dont use 1 bar, 2 bar,3 bar,10 bar

Hi bro!
More Bars Shows Fractal Power,Fewer Bars Haven't Enough Power !!!

Hi traders,
does anybody have version of the Accelerator Oscillator with period setting?
its realy necessary.
tanx
Best Regards
Ali

Zahrali,

Did you try going into MetaEditor. You can change PERIOD_FAST and PERIOD SLOW. Find MetaEditor under “Tools”

Hope this helps.

Try This one

how do i obtain the dvd to teach you?

probably use a google search to find it...

Now there's a big problem with this system. I see the indicators and price moving in totally opposite directions the indicators say it moves one way and price moves the other.

http://i.imgur.com/OXTG7GZ.jpg


The first fractal i circled in light blue shows that it is well outside the alligator jaw in red. The awesome oscillator in red shows that it's decreasing yet if you observe the price bars on this daily chart it's going upwards instead of downwards so it's totally against what the signals indicate.
Maybe the 1st one isn't that good because the jaw, mouth and lips are tightly meshed together yet the 2nd one i circled in red is worse.
If you observe the alligator now the lips,teeth and jaw have all seperated which means the mouth is open. The fractal is pointing downwards and both oscillators are red so this indicates a downwards trend yet notice where does price move. It moves upwards instead. You see what happens when you have like all 3 indicators pointing downwards but price moves upwards instead.
Why is this so?
Did i read the chart wrongly or are the oscillators somehow wrong. 3 in a row wrong mind you.

I`m afraid, you completely misunderstood the system!!!!! The fractals are NOT indicators, don`t point anywhere. They are just the indicating the last low or last high. And the method teaches to NOT trade, but set a pending order with due distance to this fractal. So for the blue circled fractal (which is only indicated after the following two candles have finished) you should have placed a pending SELL order a few pips below the low of that candle (the one that shows the blue circle).

You would place that order at the same time when the third following candle opens ( the hammer). So the order is pending - but nothing happening with this (blue)order. At the beginning of the candle circled red you will notice 2 things: Your BLUE sell order was triggered (maybe even one day earlier) and a new pivot indicator was printed (the one three days earlier with that long white candle and pivot indicator above). So you set a new LONG pending order a a price a few pips above the highest high of that white candle (ca. 1.278x).

At the last day the red circled pivot will be printed and you place a new SELL pending order at about 1.235x.

So you have now 1 running order (not yet stopped out, but wide profit), and 2 pending orders

Actually a nice setup. So read the books.

Regards

p.s. this was only about the fractals.

I`m afraid, you completely misunderstood the system!!!!! The fractals are NOT indicators, don`t point anywhere. They are just the indicating the last low or last high. And the method teaches to NOT trade, but set a pending order with due distance to this fractal. So for the blue circled fractal (which is only indicated after the following two candles have finished) you should have placed a pending SELL order a few pips below the low of that candle (the one that shows the blue circle).

You would place that order at the same time when the third following candle opens ( the hammer). So the order is pending - but nothing happening with this (blue)order. At the beginning of the candle circled red you will notice 2 things: Your BLUE sell order was triggered (maybe even one day earlier) and a new pivot indicator was printed (the one three days earlier with that long white candle and pivot indicator above). So you set a new LONG pending order a a price a few pips above the highest high of that white candle (ca. 1.278x).

At the last day the red circled pivot will be printed and you place a new SELL pending order at about 1.235x.

So you have now 1 running order (not yet stopped out, but wide profit), and 2 pending orders

Actually a nice setup. So read the books.

Regards

p.s. this was only about the fractals.

pps. You have read the pdf from post 1449????

I see this is an old post,but incase any is monitorint, the EA looks good but is missing all the .mqh include files.

#include <Variables.mqh> // Îïèñàíèå ïåðåìåííûõ
#include <Terminal.mqh> // Ó÷¸ò îðäåðîâ
#include <Events.mqh> // Ôóíêöèÿ ñëåæåíèÿ çà ñîáûòèÿìè, îáíîâëåí.
#include <Inform.mqh> // Èíôîðìàöèîííàÿ ôóíêöèÿ
#include <Trade.mqh> // Òîðãîâàÿ ôóíêöèÿ
#include <Open_Ord.mqh> // Îòêðûòèå îäíîãî îðäåðà çàäàííîãî òèïà
#include <Open_Ord_balance_line.mqh> //Äîëèâêà ïî ëèíèè áàëàíñà - óñòàíîâêà îäíîãî îòëîæåííîãî îðäåðà
#include <Close_All.mqh> // Çàêðûòèå âñåõ îðäåðîâ çàäàííîãî òèïà
#include <Tral_Stop.mqh> // Ìîäèôèêàöèÿ StopLoss âñåõ îðäåðîâ òèïà
#include <Lot.mqh> // Âû÷èñëåíèå êîëè÷åñòâà ëîòîâ
#include <Criterion.mqh> // Òîðãîâûå êðèòåðèè
#include <Errors.mqh> // Ôóíêöèÿ îáðàáîòêè îøèáîê.

does anyonehave them?
thanks.