Williams %R Trading System

Williams percent range is one of the most accurate Forex indicators in Forex technical analysis. Most Forex traders need a good technical indicator to identify buy and sell trading signals accurately, so traders can use this Williams percent range indicator to fill traders need.

In this small article we will learn about one of the most simple Forex trading systems in Forex market, this system called Williams Percent Range trading system.

Trading pairs :
EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD.

Forex Indicators :
Williams Percent Range 21
Bollinger Bands Indicator 21

Trading Time Frame
1H

Trading rules
Put Williams Percent Range Indicator and Bollinger Bands indicator in one chart window.

Entry trading rules :
Open sell trading position when Williams percent range indicator cross above the lower band and middle band of Bollinger Indicator.
Open buy trading position when Williams percent range indicator cross below the upper band and middle band of Bollinger Indicator.

Exit trading rules
- You can use the opposite trading signals :
Close your sell trading position when the Williams percent range indicator cross below the upper band and middle band of Bollinger indicator.
Close your buy trading position when the Williams percent range indicator cross above the lower band and middle band of Bollinger indicator.
- You can use risk and reward ratio, at least 1:2 risk and reward ratio.