Discussion of article "Learn how to design a trading system by Williams PR"

 

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.

  • Strategy one: Williams %R - OB and OS:

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:

Williams_R - OB _ OS Blueprint

 

Author: Mohamed Abdelmaaboud

 
Do you have it ready made?
 
thanks a lot for your valuable articles. All of them are useful.💚
 
there are typos in the article. WPR not WRP (WILLIAMS PERCENT RENGE) AND YOU HAVE WILLIAMS RENGE PERCENT)
 
Good afternoon, mistake. 20% overbought, it says oversold. Experienced understand, newcomers are frozen.
 
Thank you! The text has been corrected and the author has been informed. Pictures will be updated.
 

Did you guys realise how serious everything is with certified specialists? Where are we in our laptoes and on the parquet...?

 
Dmitry Fedoseev #:

Did you guys realise how serious everything is with certified specialists? Where are we in our laptoes and on the parquet...?

Maybe it's a stress test for the community. Like, when who will be the first to lose their nerve watching this crap. )

It would be nice if the patterns were different. From simple to complex. Different variations. But as it is, it's the same thing.

In fact, you could just write a general scheme of the Expert Advisor and provide signal modules for different strategies. But then it would turn out to be one article. )

 
Anatoli Kazharski #:

Maybe it's a community stress test. Like, when who will be the first to lose their nerve watching this crap. )

It would be nice if the patterns were different. From simple to complex. Different variations. But it's the same thing.

In fact, we could just write a general scheme of the Expert Advisor and provide signal modules for different strategies. But then it would turn out to be one article. )

Everyone makes mistakes...

and experts also do not know everything and confuse letters in the names... there is nothing wrong here... the main thing is to understand how it works... there is a basis...

there are a lot of people who are clever and know a lot... but have never created anything... so everything is relative

 
Pavel Malyshko #:

everybody makes mistakes.

and specialists also do not know everything and confuse letters in the names... there is nothing wrong here... the main thing is to understand how it works... there is a basis....

there are many people who are smart and know a lot... but they have never created anything... so everything is relative.

Do you work in a church by any chance?

 
Anatoli Kazharski #:

You don't happen to work in a church, do you?

Are you a judge here? How well do you write something? Let's look and analyse whether you have mistakes...

Those who have nothing better to do write barbs on the forum... and strangely enough, this tendency is only in the Russian-speaking segment....