Control Trading Williams Filtered
Advisor based on conditions perekuplennosti / pereprodannosti entry according to Williams% indicator (Williams percentage range).
Orders are opened when Williams% intersects signal component indicator (simple moving average).
The system includes five filters, allowing you to adapt the strategy to different market conditions.
Options
signals
- 01_Williams Period. Period Williams%.
- 01_Williams Signal. Signal period Williams%.
- 01_Williams Slow. Slow period.
- 02_Signals only on OpenCandle (recommended). If true, trade occurs only at the opening of the new spark.
- 03_Signals wait to Filters activation. When true when orders are opened confirmation signal filters.
- 04_Strong Williams Crosses only. Use three candles instead of two to confirm Williams signals.
Filter
- 10_EMA Trend (0 – disabled). EMA period for filtering signals in accordance with the trend. At 0 signals are not filtered.
- 10_EMA Inverted. If true, the filter works against the trend, allowing you to open orders to buy at a price below the EMA and sell orders at a price higher than the EMA.
- 11_OB / OS Trades only. When true orders are opened only when the signals at levels perekuplennosti and pereprodannosti (<-80).
- 11_OB / OS Inverted. If true, the filter works against the trend, allowing you to open sell orders in the overbought zone and warrants to purchase – oversold.
- 12_BBands Period (0 – disabled). Period Bollinger bands. Trading is allowed only outside the band: purchases – above bands, sales – below. At 0 signals are not filtered.
- 12_BBands Deviation. Deviation Bollinger bands.
- 12_BBands Inverted. If true, the filter works against the trend, allowing buying when the price is below the band, and selling when the price is higher.
- 13_STARC BANDS Period (0 – disabled). STARC bands period EMA. As is the case with Bollinger bands, instead of standard deviation is used ATR. At 0 signals are not filtered.
- 13_STARC BANDS ATR period. ATR bands of the period.
- 13_STARC BANDS Multiplier. ATR multiplier to calculate the bands.
- 13_STARC BANDS Inverted. If true, the filter works against the trend, allowing the sale when the price is above the strips, and buying when the price is lower.
- 14_Stochastic% D (0 – off). Period Stochastic% D. The filter allows the purchase only when the Stochastic above signal, and sell when the Stochastic below. At 0 signals are not filtered.
- 14_Stochastic% K. Stochastic% K period.
- 14_Stochastic Slowing. Delay period Stochastic.
- 14_Stochastic Inverted. If true, the filter works against the trend, allowing purchases when Stochastic below the signal, and selling when the Stochastic above.
position management
- 20_TakeProfit (Ticks / Pips). The level of take profit in ticks broker. When 0 Take Profit is not in use.
- 21_StopLoss (Ticks / Pips). Stop-loss level in ticks broker. At 0 stop-loss is not used.
- 22_Break Even (Ticks / Pips). Bezubytka level in ticks broker. When 0 breakeven is not used.
- 23_Trailing (Ticks / Pips). Distance trailing in ticks broker. When trailing 0 is not used.
- 24_Trailing EMA Period (0 – disabled). Trailing with EMA. When trailing 0 is not used.
- 24_Trailing EMA (Ticks / Pips). The distance to the trailing EMA in ticks broker.
- 25_Signal finish protection (Ticks / Pips). Distance stop loss when Williams signal change trend in ticks broker.
- 24_Close when signals finishes. Close order when changing trend in accordance with signals Williams.
- 25_Shift order on signal changes. If true, signals to buy close any open orders for sale and sell signals close any orders to buy.
Capital Management
- 30_Lot Size. lot size
- 31_Allow multiple buy / sell orders. Allow to buy and sell at the same time.
- 32_Mult. orders max acumulated lot size. The maximum lot size for simultaneous purchases and sales.
- 33_Max. Slippage. The maximum allowable slippage.
- 34_Max. Spread (Ticks / Pips). The maximum allowable spread.
- 35_Magic Number. The magic number for the simultaneous operation of multiple trading systems.
other settings
- 50_Orders comment. Comments to the warrants.
- 51_Alert on orders. Display alerts when you open orders.
- 52_Sound on orders. Audioalerty opening of orders.
- 53_Email alert for orders. Alerts by e-mail (you want to configure in MT4).
- 54_Mobile message on orders. Mobile notifications when you open orders (need to configure in MT4).
We strongly recommend that you test your advisor on the story to get the best settings / options for each character, and then to work on a demo account before you start working with real money.
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