Discussing the article: "Bill Williams Strategy with and without other Indicators and Predictions"

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In this article, we will take a look to one the famous strategies of Bill Williams, and discuss it, and try to improve the strategy with other indicators and with predictions.

Bill Williams has a doctorate in Psychology, this is important because some traders use markets sentiment. This is very used and can be done with a sentiment script with an IA to score the sentiment of traders feelings with web markets scrapping in a for example social web. At the end of the article, there will be an example of Sentiment Analysis of market news.

Bill Williams psychology formation helped him adapt psychological concepts to trading. He studied market from a human perspective and how emotions deal with traders and its trading. Hi had a holistic view of the market, and he thought the market was chaotic and markets must be studied and traded taking this into account for our benefit. This will be discussed with the Indicators.

Author: Javier Santiago Gaston De Iriarte Cabrera

[DHess10000]

Thanks for taking a swing at improving this trading methodology.

Something similar is the 3 8 trap system which trades dips of the 3 EMA into the 8 EMA during up trends of the 20 EMA, and trades pull backs of the 3 EMA into the 8 EMA during down trends of the 20 EMA

I get a very similar equity curve as the first test report you showed in your article.

A lot of my current work involves using hedges as the risk mitigation method instead of stop losses, then being able to time the sell off of the hedge so that all hedge trades and original strategy trades can be sold off as profitable positions. Regression to the mean is the main method of trying to do that.

Very interesting. Thanks for publishing.

I'll take a closer look at trying to add some additional technical trade filters.

For Reference: 3/8 Trap:

[Gerrit Snyman]

thank you very much for this informative discussion/training. i am new to this and would love to know much much more.

regards

gerrit

[Javier Santiago Gaston De Iriarte Cabrera]

Gerrit Snyman #:

thank you very much for this informative discussion/training. i am new to this and would love to know much much more.

regards

gerrit

Thanks! you're welcome! in MQL5 Articles you have lots to start with.

[Javier Santiago Gaston De Iriarte Cabrera]

DHess10000 #:

Thanks for taking a swing at improving this trading methodology.

Something similar is the 3 8 trap system which trades dips of the 3 EMA into the 8 EMA during up trends of the 20 EMA, and trades pull backs of the 3 EMA into the 8 EMA during down trends of the 20 EMA

I get a very similar equity curve as the first test report you showed in your article.

A lot of my current work involves using hedges as the risk mitigation method instead of stop losses, then being able to time the sell off of the hedge so that all hedge trades and original strategy trades can be sold off as profitable positions. Regression to the mean is the main method of trying to do that.

Very interesting. Thanks for publishing.

I'll take a closer look at trying to add some additional technical trade filters.

For Reference: 3/8 Trap:

Thank's you are welcome!

There are more than 9 Million combinations! If you take into account the timeframes .... more than 90 Million...  My preferred combo is adding DL.

Great work you do! Best of all wishes!