RSI Williams Percent Range Forex Simple and Effective Trading Strategy

Effective Forex Trading Strategy. The Williams’ Indicator, also known as the Williams’ %R (Williams’ Percent Range), is a leading indicator created by Larry Williams to measure market momentum.

When applied to Forex, the Williams’ Indicator measures a currency pair’s trading momentum. The Williams’ Indicator is an oscillating technical indicator that can identify overbought and oversold conditions in a range-bound market.

Timeframe H1 and the 4 major pairs as EURUSD, USDCHF, USDJPY, GBPUSD.

  • We BUY or SELL when the donchian indicator crosses the 2 fib lines.
  • We put the stop loss at the latest swing high or low. We can use psar to help.
  • The take profit should be the lines from the 9square. But I personally take the trend from the beginning at the cross and I go opposite at the cross in the other side.

So my trades never sleep. I’m in at every cross. I hope this will help.

The average of pips per trade is 250 pips.  Sometimes we can expect 800 pips per trade.

The best advise I can give users is that if we get a signal on Friday night, don’t open the trade because we never know what will happen when market will open. Just wait on Monday.

Leave a Reply

Your email address will not be published. Required fields are marked *