Hi, I need help to create a signal for automated trading using Bill Williams indicators, the conditions are:
For long entry:
1. Price must be above the alligator red line
2. Chaos awesome oscillator in green
3. Chaos AC oscillator in green
4. Entry level will be one tick above the latest fractal
For short:
1. Price must be below the alligator red line
2. Chaos awesome oscillator in red
3.Chaos AC oscillator in red
4. Entry level will be one tick below the latest fractal
If more specifications needed please ask. Thank you!
*Im attaching an image with an example of long and short entries in the same chart, look at the red and blue arrows
Need help creating a chaos signal
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Need help creating a chaos signal
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Re: Need help creating a chaos signal
Please look up the Knowledgebase here. If you like what you find, you should be one step closer to what you seek.
However, I would like to add an unsolicited comment: Bill Williams stuff is more of a rule-based discretionary thing, and automation may not be the best way to go!
Khalid
However, I would like to add an unsolicited comment: Bill Williams stuff is more of a rule-based discretionary thing, and automation may not be the best way to go!
Khalid
- Henry MultiСharts
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Re: Need help creating a chaos signal
Hello fernando43611,
Please contact us directly if you are interested in custom programming services.
Please contact us directly if you are interested in custom programming services.
Re: Need help creating a chaos signal
Hello fernando43611,
like most of non professional traders, I'm always in search of new trading ideas.
So I tried to test your suggestions with the signal I attach.
I have to agree with Khalid that the results are not encouraging.
Regards
Massimo
like most of non professional traders, I'm always in search of new trading ideas.
So I tried to test your suggestions with the signal I attach.
I have to agree with Khalid that the results are not encouraging.
Regards
Massimo
Code: Select all
//
// By Massimo Rizzi 30.09.2015
//
// Only for backtest !!!
Inputs:
FractalStrength(2),
ChaosAlligatorTeeth(8),
ChaosAlligatorTeethOffset(5),
Price((High+Low)/2),
TickValue(5);
Vars:
FractalHi(-1),
FractalLo(-1),
ChaosAlligatorRedLine(0),
ChaosAwesome(0),
ChaosAC(0),
LongCondition(false),
ShortCondition(false);
//
// Calculates ours Chaos Alligator Values ...
//
FractalHi=swinghigh(1,h,FractalStrength,80);
FractalLo=swinglow(1,l,FractalStrength,80);
ChaosAlligatorRedLine=Average(Price,ChaosAlligatorTeeth)[ChaosAlligatorTeethOffset];
ChaosAwesome=Average(Price,5)-Average(Price,34);
ChaosAC=ChaosAwesome-Average(ChaosAwesome,5);
LongCondition = Close>ChaosAlligatorRedLine AND ChaosAwesome>ChaosAwesome[1] AND ChaosAC>ChaosAC[1];
ShortCondition = Close<ChaosAlligatorRedLine AND ChaosAwesome<ChaosAwesome[1] AND ChaosAC<ChaosAC[1];
//
// Trading routine
//
if FractalHi>-1 AND FractalLo>-1 then begin
if marketposition<1 AND LongCondition then buy next bar at FractalHi+TickValue stop;
if marketposition>-1 AND ShortCondition then sellshort next bar at FractalLo-TickValue stop;
end;
setexitonclose;