AI Williams R Reversal Trader
- Experts
- Version: 1.0
Buys pullbacks in uptrends and sells rallies in downtrends using Williams %R.
How it works
Williams %R (14 by default) is read on closed bars of the signal timeframe.
A buy needs %R to leave the oversold zone (above -80) while price is above the trend EMA (200 by default). A sell needs %R to leave the overbought zone (below -20) under the EMA.
Stops and targets are ATR based with break-even and trailing management.
Key features
- Williams %R zone exit signals
- Adjustable oversold and overbought levels
- EMA trend filter that can be switched off
- ATR based stop and reward ratio target
- Risk based lot size with a maximum lot cap and free margin check
- ATR based break-even and trailing stop
- One position at a time, no grid, no martingale, no averaging
- Every trade is opened with SL and TP
- Small on-chart status panel
Recommended
Forex majors, crosses and XAUUSD on H1.
Inputs
Risk percent, lot cap, magic number, Williams %R period and levels, trend EMA, ATR stop, maximum SL, reward ratio, break-even and trailing.
Risk note
Trading involves substantial risk. Test the EA on a demo account first and use a risk level you are comfortable with.
