Volatility Expansion system!

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radicalmoses
342
radicalmoses  

There are so many systems out here based on indicators and it takes so much time to go through all of them to see which one deserves merit,I simply did not feel like adding one more.

However most are indicator based and lagging indicators make it difficult to really simplify trading decisions and get consistent results. ( For me atleast, I am sure there are lots of guys who are doing a great job at it)

In the meanwhile I want to start a new thread here on volatility breakout system which has very simple entry exit rules and are one of the most effective trading methods. The best thing about this system is the simple entry ane exit rules which can be programmed and tweaked to get the best optimum settings.

This system was one of the best systems dedigned by the legendary trader "Larry Williams" and explained in his book "Long Term secrets to short term secrets", which had created a real buzz in trading circles. What is more astounding is his ability to trade 10k accounts into 1million in one year. BTW he has done it twice.

Just to give you a sample of what this trading system is about :

Volatility breakout implies a expansion in volatility in price ranges which acts as catalyst to longer term trends.

RULES:

Set buy stop at 70% of yesterdays range (high minus low) added to todays open + spread. Stop loss is 50% of yesterdays range deducted from entry point.

Set sell stop at 70% of yesterdays range (high minus low) dedcuted from todays open. Stop loss is 50% of yesterdays range added to entry point plus spread.

If at the end of the day, if neither of the enties levels have been, cancel all order and repeat same again tomorrow.

Condition: you can only trade in 1 direction. So if your buy stop has been trigerred and stopped out, you cannot take a short on the same day. This only occurs around 7% of trades.

Please note that this system rules though originally by Larry williams, is posted on moneytec. However there is a shortage of programmers to make an EA, so I took the liberty of posting it here to gather any of you brilliant programmers to prepare an EA to test its results.

The guy who posted this sytem on moneytec has posted his results with a graph (excel sheet) which I will be posting for the benefit of those who might think that this system is " just another system".

I am sure that many of you are still thinking indicators to daytrade, but I think this deserves a look. Rules are precise, entry , exits, SL. Very less chance of ambiguity.

Anyone up for making EA?? Would appreciate it.

BTW, if this has been posted here already, I apologise, maybe the moderator can scrap this thread. I still havent got time to check all the threads posted here still. I got my hands full.

radicalmoses
342
radicalmoses  

For those who are not members at moneytec, and who would like to do some reading on Larry Williams book, here is the link for download.

You will require winrar.

http://rapidshare.de/files/1377163/...rading.rar.html

Waiting for some feed back. If you can download the ebook, please read up on the chapter on Volatility Expansion method.

jpsdyb
110
jpsdyb  

I am unable to write EA's at this time, though I appreciate this thread and am looking forward to someone who will =)

AlexPiechFinGeR
1033
AlexPiechFinGeR  
radicalmoses:
There are so many systems out here based on indicators and it takes so much time to go through all of them to see which one deserves merit,I simply did not feel like adding one more.

However most are indicator based and lagging indicators make it difficult to really simplify trading decisions and get consistent results. ( For me atleast, I am sure there are lots of guys who are doing a great job at it)

In the meanwhile I want to start a new thread here on volatility breakout system which has very simple entry exit rules and are one of the most effective trading methods. The best thing about this system is the simple entry ane exit rules which can be programmed and tweaked to get the best optimum settings.

This system was one of the best systems dedigned by the legendary trader "Larry Williams" and explained in his book "Long Term secrets to short term secrets", which had created a real buzz in trading circles. What is more astounding is his ability to trade 10k accounts into 1million in one year. BTW he has done it twice.

Just to give you a sample of what this trading system is about :

Volatility breakout implies a expansion in volatility in price ranges which acts as catalyst to longer term trends.

RULES:

Set buy stop at 70% of yesterdays range (high minus low) added to todays open + spread. Stop loss is 50% of yesterdays range deducted from entry point.

Set sell stop at 70% of yesterdays range (high minus low) dedcuted from todays open. Stop loss is 50% of yesterdays range added to entry point plus spread.

If at the end of the day, if neither of the enties levels have been, cancel all order and repeat same again tomorrow.

Condition: you can only trade in 1 direction. So if your buy stop has been trigerred and stopped out, you cannot take a short on the same day. This only occurs around 7% of trades.

Please note that this system rules though originally by Larry williams, is posted on moneytec. However there is a shortage of programmers to make an EA, so I took the liberty of posting it here to gather any of you brilliant programmers to prepare an EA to test its results.

The guy who posted this sytem on moneytec has posted his results with a graph (excel sheet) which I will be posting for the benefit of those who might think that this system is " just another system".

I am sure that many of you are still thinking indicators to daytrade, but I think this deserves a look. Rules are precise, entry , exits, SL. Very less chance of ambiguity.

Anyone up for making EA?? Would appreciate it.

BTW, if this has been posted here already, I apologise, maybe the moderator can scrap this thread. I still havent got time to check all the threads posted here still. I got my hands full.

hi,

can you example ?

Set buy stop at 70% ofyesterdays range (high minus low) 1.3230 - 1.3142 = 88 pips

70% = 61 pipstodays open = 1.3188

+ 61 pips

+ spread 3 pipsSet buy stop = 1.3252

correct ?

--

kumawat
150
kumawat  

i am new ,

When to enter and when to Exit in case of profit.

pls i need more detail

AlexPiechFinGeR
1033
AlexPiechFinGeR  

Volatility-Expansion EA

Volatility-Expansion EA v0.1

try

--

Audio
148
Audio  
radicalmoses:
For those who are not members at moneytec, and who would like to do some reading on Larry Williams book, here is the link for download.

You will require winrar.

http://rapidshare.de/files/1377163/...rading.rar.html

Waiting for some feed back. If you can download the ebook, please read up on the chapter on Volatility Expansion method.

Way to go mate , cheers

jpsdyb
110
jpsdyb  

url not working

jpsdyb
110
jpsdyb  
kumawat:
i am new ,

When to enter and when to Exit in case of profit.

pls i need more detail

The enter would be according to the set formula (difference of yesterday's high and low in pips x70% etc..., then added to today's open...meaning you will have 1 buy stop and 1 sell stop waiting to be hit. That is the entry).

As far as exit...this would be at the day's close.

My personal suggestion for the Expert Advisor, would be to have a take profit of 50-100 pips (users input). <-- This would allow you to grab those EXTRA pips when the day's making it's highs or lows. If the TP is not executed through out the day, the Expert should close the trade at the days close, then set the areas for next day's trading.

Audio
148
Audio  

Yoo Dracula what TF is good to test the ea ,cheers

jpsdyb
110
jpsdyb  

hmmm... somethings not right in this EA. My order opened fine but was closed after only 6 pip loss. I have not modified ea and have plenty of margin. Can someone please verify?

EDIT: also noticed that it took a buy order, closed it after 6 pips loss, and the sell order is still waiting to execute. I thought the system was one order cancels other?

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