AI Williams R Reversal Trader

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.