High accuracy “Forex Williams Percent Range BUY and SELL Zone System” – The “Williams Percent Range”, or “%R”, the indicator is a popular member of the “Oscillator” family of technical indicators. Larry Williams created the %R oscillator along the same lines as the Stochastics indicator, but without the “smoothing” component and with a reversed scale.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: M30 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- BUY Zone Fibs
- SELL Zone Fibs
- RSI Chart Bars
- 9Squared MM
- Moving Average
- Williams’ Percent Range
- Commodity Channel Index
How to install “WPR BUY and SELL Zone System“
- Download “TraderVersity.Com-BUYSELLZoneSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-BUYSELLZoneSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-BUYSELLZoneSystem” trading system and strategy
- You will see “WPR BUY and SELL Zone System” is available on your Chart
BUY Rules
- Williams’ Percent Range: on the BUY Zone
- Commodity Channel Index: Line upward and above level 50
- RSI Chart Bars: Blue candle
- Moving Average: 8 EMA > 21 EMA
- BUY and SELL Zone Fibs: Price above the BUY and SELL Zone Fibs channel
SELL Rules
- Williams’ Percent Range: on the SELL Zone
- Commodity Channel Index: Line downward and below level -50
- RSI Chart Bars: Red candle
- Moving Average: 8 EMA < 21 EMA
- BUY and SELL Zone Fibs: Price below the BUY and SELL Zone Fibs channel
Trading NOTES
- Initial stop loss above or below the previous swing
- Best Risk reward Ratio 1:2 or 1:3
- Use a demo account or a small live account first to practice this trading system