Welcome to a video tutorial, a set of3 videos explaining my strategy It will be a set of 3 videos: The firstpart will be about the indicators, the second one about the entries and thethird one about the exits.
This strategy is based on the profitunity trading of Bill Williams and also the work of the AIMS trading group.
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So the first partabout the indicators, let's introduce our 3 indicators, only 3 indicators for this strategy and my first indicator is the alligator, so it's very easy to find it, you go on insert: indicators, Bill Williams and you find thealligator, you click on it and this is how it looks: a set of 3 lines: a green line, red line and blue line.
These are free smoothed moving average set at 5, 8 and 13 periods which are all Fibonacci numbers: the lips, the teeth and the jaw, respectively the green the red and the blue line.
The alligator is a momentumbased lagging indicator, it applies convergence/divergence relationships tobuild trading signals with the blue line making the slowest turns and the greenline making the fastest turns.
It's a fantastic tool to spot a trend.
When youhave the price which is above the green line with the alligator open which means that the lines are going apart from each other, we are in auptrend and in opposite, when the price is below the alligator with its lines open, we are in a downtrend.
When the lines of the alligator are intertwined, we say that the alligator is sleeping meaning the market is in range bound.
Let's move now to the second indicator, the fractol box so this is the area thatwe have here in dark gray with an upper level and a lower level.
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And you are goingto check that in going to indicators, Bill Williams again , fractals, you can seethat all the upper limits correspond to the buy fractals and the lower levelscorrespond to the sell fractals.
So what a fractal is? It's a five candle or fivebar formation which where the middle candle or bar is higher than the 2previous bars and the 2 bars after and in the opposite, for the sell fractal, themiddle bar is lower than the 2 bars on the left and 2 bars on the right, sothis is a fractal.
The fractal, it's easy to spot, for example when you see yourhand with your fingers , well usually your middle finger is higher than the 2 onthe left and 2 on the right.
So a fractal is a change of behavior of thetraders for example, in this sell fractal, you have in the middle, a bullish candle and the sell fractal isthe start of an upmove.
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And in the opposite.
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here you have a buy fractal with thehigher bar being a bearish candle and this is the start of downmove.
I won't speaktoo much about fractals, I prefer you to look at Bill Williams first book, tradingchaos.
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Anyway.
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So the fractals are included in your MT4 indicators but not thefractal box which has been developed for AIMS trading by Snorm from For-exeso this is a special indicator made for them.
Again, if you want to know moreabout this, to get this indicator, please go on my welcome page on my blog and you will see advert for For-exe.
So, now, let's see the final indicator, theAwesome Oscillator, I will move back my fractals indicator so now you have only 2 indicators and to get this third indicator, you also it have within your mt4 so you go to insert, indicator, Bill Williams, AwesomeOscillator and you will have this kind of histogram at the bottom of yourscreen.
This tool also developed by Bill Williamsshows us the strength on the market, the momentum, here you have the zero line and you have a 2 color chart: green will be the color when the bars of the histogram are moving away from the zero line but are above the zero line or coming back to the zero line but under the zero line.
And, inopposite, red bars for bars coming back to the zero line, above the zero line orgoing away from the zero line while being below the zero line.
From this 2colors chart, we are going to move to the Ewave with 4 colors.
Here it is: thisis the Ewave classic that you know, we have 4 colors, above the zero line, thisis like blueish colors and below this is goldish/orange colors, however when thebars of the histogram are coming back to the zero line, the colors are dark likehere and here, it's a bit more visual but it's not all, you have many options onthat indicator, you can add as I did here those vertical lines which show thecross of the Ewave zero line, always a very strong signal, you can also put thenumber of the wave on your chart, Fib expansion etc etc.
I am now usingthe Ewave Harmonics which is even better than the Ewave classic, we have the possibility to make back tests also many options, you can see the BRN numbers, you can see the timeline zone, the zone of supply and demand, the target zone, Fibonacci numbers and so on.
You have a link around here to a video explaining more about this fantastic tool: Ewave Harmonics, although you can trade without it, I advise you to get this tool.
And that was for part 1 of my trilogy, the next part will be about theentries of the strategy.
Thanks for watching, if you want more information, you can always contact me on the social medias or on my blog.
That was my videoand see you soon for the next one .
Bye bye.
