Discussion of article "Learn how to design a trading system by Williams PR"
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
New article Learn how to design a trading system by Williams PR has been published:
A new article in our series about learning how to design a trading system by the most popular technical indicators by MQL5 to be used in the MetaTrader 5. In this article, we will learn how to design a trading system by the Williams' %R indicator.
In this topic, we will design a step-by-step blueprint to create a trading system for every mentioned strategy. I consider this step a very important step in any trading system creation process as it will help us to understand what we need to do through organized steps.
Based on this strategy, we will design a step-by-step blueprint to create a trading system as we need the program or expert to check three values every tick and make a comparison to determine the position of one of these values compared to others and these three values are the current WRP, -80, and -20 level. The expert will decide after the previous comparison if the current WRP value is lower than the -80 level we need the expert to generate a comment on the chart with "Over Sold". In the other scenario, when the current WRP value is greater than the -20 level, we need the expert to generate a different comment on the chart with "Over Bought".
The following is the blueprint for this strategy:
Author: Mohamed Abdelmaaboud