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Old 01-24-2007, 11:30 AM
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Gramski Gramski is offline
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Quote:
Originally Posted by timbobo
There are many different EAs for Williams rules. All of them are similar in one - losing money. Here it is the one of them - http://forum.mql4.com/ru/5289 . Look at the bottom - ID_1.mq4 (direct link http://forum.mql4.com/c/forum/2006/12/ID_1.mq4 - I'm not sure if it works from other sites)

The problem is some of his technical tools are really questionable. His fractal theory to me is quite flawed
and the Alligator is too subjective and not usable at all on lower timeframes in my opinion.
Even the AO (his best indicator) is just a variation of MACD.

None of his books are true books about 'Chaos' theory either. They are merely books about trading.
He makes some conflicting statements as well....e.g 'Traditional technical analysis doesn't really work' and
then goes on to describe AO which is just MACD in disguise. Right on.

Having said all that I still quite like them for the trading psychology/philosophy side of things....
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