Strategy: 154 pips on H1 using the Science of Chaos
Scalping Strategy using the Science of Chaos: Ex: 42 pips on M1 eur/jpy
Hello
For the methode and indies: please watch:
https://www.mql5.com/en/forum/183631
Nice 42 pips following the surprise on Euro minimum bid rate
The trade:
The trend is short after that huge move following the red news. After such a strong move, there are always good opportunities on the lower time frames (wave 5 to hit). All the higher time frames are short, we look an entry on the smaller time frames to hit the wave 5. We like when the AO is changing color at the cross of the zero line. We have an entry on M1 right after the red dot alarm. We enter here at the break of the fractal box and the price falls. We exit at the break of the fractal box upper level for 42 pips; As our initial risk (size of the box) was 12 pips, our profit is 3.5%
Another cable H1 trade just ended for 92 pipsThe trade:
The AO has started to peak and the alligator mouth is open on H4. We have a break of the lower Fractal box on H1 with a risk of 32 pips (size of the box + spread + 2 pip marge) so we enter here. The prices drop then retrace a bit, The next day, we exit just above the green line and before the GB red news release for 92 pips so nearly 3% growth. An addon was possible just before Francfort Open the 12th (risk 30 pips) for a 60 pips profit (2% gowth) meaning a total of 152 pips (5% growth)
Looks like it works nice, although I can see too many "ifs" in this strategy. First of all, it is based on indicators and predictions...indicators are running behind the price while the predictions are always only 50% correct.
Nice strategy. William's template available by default in MT4
hi thanks for posting this strategy,, do you have any EA based on this strategy?
if yes could you send it to me?
regards
Looks like it works nice, although I can see too many "ifs" in this strategy. First of all, it is based on indicators and predictions...indicators are running behind the price while the predictions are always only 50% correct.
you're right...I also prefer "butts" to "ifs"...(to be completely honest...I don't even know what "ifs" are...)
What happened to this strategy?
What happened to this strategy?
Chaos ?
Where does the 7.7% profit comes from (what is the size of the account and what is the size of the order)?
Where does the 7.7% profit comes from (what is the size of the account and what is the size of the order)?
If it was one single trade, then the risk was way too big
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Hi all
Here below is a trade using the Science of Chaos (developped as a strategy by Bill Williams)
The indies:
* The Awesome Oscillator (on MT4) ! It shows the momentum (on my chart i have a elaborated version of the AO).
* The Fractals (on MT4) A fractal is a set of five bars where the third bar is preceded and followed by two lower bars (for high fractal). This frame shows clearly the levels of resistance and support, as well as entry and exit points (on my chart i dont have the fractal but a Fractal Box: This is the gray area between the upper fractal and the lower fractal)
* The Alligator. It consists of three moving averages shown in green, red and blue lines- lips, teeth and jaws. It is intended to help spot trending and rounge-bound markets.
Method in brief:
* Trend following strategy: You enter the market when the trend is confirmed in the higher time frame (for example M5 for trades on M1, H4 for trades on H1)
* Valid on all time frames
Principle:
We enter the market when the price breaks through the fractal Box and when:
* Entry is ok when the trend is confirmed on the higher TF
* The Stop Loss, on the other side of the fractal box, must be close to the entry level
* Entry must be while the Alligator is asleep to get the start of the move
The trade:
The trend is short on H1. We look for an entry on M15. The Alligator is asleep. Our entry is at the first break of the fractal Box (The Stop Loss is at the other side of the Box = 20 pips = 1%). The pice drops then take a pause before dropping again and breaks a new level of the fractale Box (Addon= Second entry with a Stop Loss above the green line at 20 pips = 1%).
Our exit signal, we close the trade at the break of the upper level of the fractal Box for 94 + 60 = 154 pips = 7.7%of profit!
Thanks for watching