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Williams%R, SAR X-over 15 minute candles (Williams%R, SAR X-over 15 minute candles)

author EAcpu | 2 reads | 0 comments |
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.
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