Ma Williams R Strategy

Implementation of strategy - MA + Williams %R. Buy when price is above MA and Williams %R is below -80 (oversold). Sell when price is below MA and Williams %R is above -20 (overbought).

Testing indicates an average annual return of about 79%. It performs best in the stocks market.

The moving average shows the prevailing trend direction. Williams %R looks for overbought or oversold points relative to that trend.

Fits swing traders waiting for pullbacks toward the average. Stop-loss distance comes from ATR.

Details

• Entry Criteria:
  • Long: Close > MA && WilliamsR < WilliamsROversold
  • Short: Close < MA && WilliamsR > WilliamsROverbought
• Long/Short: Both
• Exit Criteria:
  • Williams %R returns to middle
• Stops: Percent-based using StopLoss
• Default Values:
  • MaPeriod = 20
  • MaType = MovingAverageTypeEnum.Simple
  • WilliamsRPeriod = 14
  • WilliamsROversold = -80m
  • WilliamsROverbought = -20m
  • StopLoss = new Unit(2, UnitTypes.Percent)
  • CandleType = TimeSpan.FromMinutes(5).TimeFrame()
• Filters:
  • Category: Mean reversion
  • Direction: Both
  • Indicators: Moving Average, Williams %R, R
  • Stops: Yes
  • Complexity: Intermediate
  • Timeframe: Mid-term
  • Seasonality: No
  • Neural Networks: No
  • Divergence: No
  • Risk Level: Medium