William R % Strategy – Daily Chart This strategy uses 3 indicators: 1.Williams R Percentage 2. EMA 3. WAE (Waddah Attar Explosion) Buy only when price is above EMA. Sell only when price is below EMA. Buy when Williams R % closes above -20 level and WAE is above explosion/signal line. Sell when Williams R % closes below -80 level and WAE is above explosion/signal line. Sell signal Buy signal Rules: Trade only once, 10 minutes before candle close – Need the minutes to be adjustable – If lower timeframes are used. Stop loss is set at 1.5 x ATR Take profit 1 is at 1 x ATR At TP 1, close 50% of trade and move Stop to 3 pips in profit. Never close the trade. Following TP levels are TP 1 distance. E.g., TP1 were 50pis, so the next TP level is 50 pips. When TP2 is hit, close another 50% of trade. Leave Stop where it is. So, every TP1 distance gained, take 50% off until price reaches entry level. So, say the trade hits TP1, and moves back to almost entry, and moves again the distance of TP1 in profit, take 50% off. Multiple trades can be taken only if initial trade has hot TP1 and SL moved 3 pips in profit. Same goes for 3rd, 4th, 5th etc. On Friday just before market close, if trade is in Profit, close 50% and move SL to 3 pips in Profit. Very important – I want to trade 28 pairs at the same time. So, I need the EA not to risk more than, say 5% of my equity per day. Prop firm rules basically. I need to be able to adjust and optimize all indicators as much as possible. Money management 2 Options: Percentage of equity and Dollar amount.