I manually backtest it too. I write down the entries and exits and subtract the average spread for each trade at the end. If it proves profitable I'll go to a demo account for some time.

How to validate a strategy

Market isn't random, it's chaotic. I agree with you amherag, it's predictable and it contains some randomness aswell. That's why even the best system hasn't a 100% win rate.

Market Random and Predictable Parts

The last part of the video is hilarious

trading superstition

You have to read the book "New Trading Dimensions" by Bill Williams to understand the system. Here there is also information, but there are some minor missing parts which may be crucial.

Profitunity (Chaos) Trading System by Bill Williams

Interesting, look at this also: url This is probably why these bots are sending these seemingly ridiculous orders to the exchange. Once again Wall Street proves it's always ahead of the regulators...

Algorithm oddity?

I'd rather not modify the system at all. Bill Williams says one reason why most traders who fail using his system is because they simply don't follow the rules. I've been making some tests and it's crazy how much you profit from a single trend... on ...

Profitunity (Chaos) Trading System by Bill Williams

Let's keep the thread alive! Bill Williams claims on average traders get 10% per month with this strategy... That would make me millionaire within 5 years, how awesome is that... Anyway here's an indicator I made that indicates the zone you're in ...

Profitunity (Chaos) Trading System by Bill Williams

If the holy grail is making a considerable amount of money consistently with controlled risk of course there is the holy grail If it's making money after having just some weeks of experience, it exists too. A professional could just teach a ...

Do you still believe in the perfect trading system?

I guess mine was when I realized I had to stop being lazy and stop reading random stuff on the forums and start working on my trading system

AHA moments in your trading career

I found how to do it. datetime lastbar = Time[WindowFirstVisibleBar()-WindowBarsPerChart()];This is it.

How to know the index of the last bar on chart?

Yes the problem is that my chart is from the most recent date (since today) and I'm seeing bars of 2001. Time[0] will just give me the time of the most recent bar. I want the date of the last bar shown in the part of the chart I'm seeing, not the ...

How to know the index of the last bar on chart?

What do you mean by that?

Profitunity (Chaos) Trading System by Bill Williams

Hi, I'm reading New Trading Dimensions now and just wanted to know how Bill Williams' method is working for you guys. Has anyone seen an EA for this? From what I've read so far it looks like it's a mechanical trading system with no interpretations ...

Profitunity (Chaos) Trading System by Bill Williams

Treating trading as a business pretty much changes our perception of it. Everyone knows a business can take a long time to become profitable, it carries the risk of losing the investment, needs knowledge, needs a plan and needs time - like trading. ...

Some lessons from the real world

One way that may work is a breakout from an important resistance. You can enter right when it breaks and place a loss just below the resistance, giving you a good reward to risk.

Poll: What is the best way to make a few pips a day??

I too find USD pairs easier to predict. For me JPY pairs are the worst

5 Most Predictable Currency Pairs

I tried it that way too, still bad backtest results. After you backtest click open chart and you'll see all the entries and exits, you can see if everything's ok.

EMA Cut

what do you mean by "with this line, we are always looking at ALL conditions on same bar in all prev 13bars. EMAConditions should be checked only for current bar and check step2,1 in last 13bars" ? What the code is doing is to see if there is a bar ...

EMA Cut