Bill Williams Based 4h+Trading

This strategy uses 4 primary indicators with an optional 5th indicator. It is meant for 4h and higher timeframes such as 6h and 1D. Not back tested for shorter timeframes. Arrows and trendlines mark entry/exit examples.

- Parabolic SAR
- Williams %R or Stochastic Oscillator (14,3,3); both are the same exact line.
- Williams Awesome Oscillator
- Williams Accelerator Oscillator
- Chop Zone (May be used for additional confirmation); in this chart, SARs were adapted to use CZ for their colour.

Short Entry:
- SAR is above bear candle
- %R/%K is pointing down but not oversold
- Awesome Oscillator is red with at least 1 prior red if above nought line or red below nought line
- Accelerator is red with at least 1 prior red if above nought line or red below nought line

Long Entry
- SAR is below bull candle
- %R/%K is pointing up but not overbought
- Awesome Oscillator is green with at least 1 prior green if below nought line or green above nought line
- Accelerator is green with at least 1 prior green if below nought line or green above nought line

Take Profit
- If in profit at the end of the day
- Receive an opposite signal
- Between +50 to +100 pips
- Trailing stop

Stop Loss
- On the SAR
- Short: Swing High
- Long: Swing Low
- High/Low of prior candle
- Trailing stop