New script in FXApps: [Strategy] Williams Profitunity

Posted By Admin Wednesday, April 16, 2014
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Admin
 Posted Wednesday, April 16, 2014
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Williams Profitunity




http://va112.sysfx.com:8080/images/products/large/Williams_Profitunity.png



Williams Profitunity is a well-known trading system described by Bill Williams.
Current version of the strategy uses 2 indicators: Alligator and Fractals.

  • When the Alligator indicator “opens his mouth” (the Lips and Teeth lines cross the Jaw line from below) and Up Fractal is formed, the strategy creates entry buy order at the price of the initiated up fractal (order will not be created if the distance is too close to the current market).
  • When the Alligator indicator “closes his mouth” (the Lips and Teeth lines cross the Jaw line from above) and Down Fractal is formed, the strategy creates entry sell order at the price of the initiated down fractal (order will not be created if the distance is too close to the current market).
  • If the strategy detects a new signal and there are opposite orders – they will be removed automatically.
There are 3 different types of managing opened positions:
  • Strategy Signal – when opposite signal is generated the strategy closes all positions opened previously.
  • Stop/Limit – positions will be closed only by Stop/Limit orders
  • Trailing Stop – positions will be closed based on Trailing Stop



Best regards

-ACTFX© Forum Administrator

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