Williams%R, SAR X-over 15 minute candles (Williams%R, SAR X-over 15 minute candles)
I have been trading full time since 2006.
This system is simple and not as fast as my previous system which could get very hectic at times. But I wanted something simple, slower-paced, and something that would make money consistently.
Don't ask me about backtesting, I don't do it. I'll do a few demos to get a feel for it, and then live it when I feel comfortable. I primarily trade at the New York opening, say from 8am to 11am EST. I'd say trade 3 times a week Tuesday through Thursday. I trade 1-5 lots depending on my mood. Look at the system, take it apart, love it, laugh at it, provide tweaks to it.
I have been live trading for about a month now with good results. While not the Holy Grail, no system is.
The template is as follows:
15 minute candle
Williams %r only has 50 centers
SAR cross
Buy when you get bullish arrows and Williams %R is above 50 (sometimes you get arrows when price is consolidating waiting for price to break through resistance/support levels.)
Sell when you get a bearish arrow and Williams%R is below 50 (same applies to consolidation)
I set my stop a few pips above/below the previous swing high/low, without setting a specific price target, just moving the stop as the trade progresses.
This system is simple and not as fast as my previous system which could get very hectic at times. But I wanted something simple, slower-paced, and something that would make money consistently.
Don't ask me about backtesting, I don't do it. I'll do a few demos to get a feel for it, and then live it when I feel comfortable. I primarily trade at the New York opening, say from 8am to 11am EST. I'd say trade 3 times a week Tuesday through Thursday. I trade 1-5 lots depending on my mood. Look at the system, take it apart, love it, laugh at it, provide tweaks to it.
I have been live trading for about a month now with good results. While not the Holy Grail, no system is.
The template is as follows:
15 minute candle
Williams %r only has 50 centers
SAR cross
Buy when you get bullish arrows and Williams %R is above 50 (sometimes you get arrows when price is consolidating waiting for price to break through resistance/support levels.)
Sell when you get a bearish arrow and Williams%R is below 50 (same applies to consolidation)
I set my stop a few pips above/below the previous swing high/low, without setting a specific price target, just moving the stop as the trade progresses.
























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