Larry Williams Smash Day

• 10/12/2022 at 11:54 AM #202373
  f1_maik

  Has Larry Williams Smash Day Strategy been examined here yet? And what might the code look like? It seems quite simple to me

  To go long, yesterday’s close must have been below the previous day’s low. So although the market has shown weakness, the market then rises above yesterday’s high today and there we enter long (short everything in reverse).
  The exit takes place in profit if there has been a profitable opening price (alternatively closing price).

  cf. also
  https://www.youtube.com/watch?v=Gg72a9uLW08
  from 0:54 min

   

  

  f1_maik

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  10/12/2022 at 5:15 PM #202389
  robertogozzi

  There you go:

  DEFPARAM CumulateOrders = False //exit as soon as there's a profit IF PositionPerf > 0 AND OnMarket THEN SELL at Market EXITSHORT at Market ENDIF //Long entry L1 = close[1] < low[2] L2 = close > high[1] IF L1 AND L2 AND Not OnMarket THEN BUY 1 Contract at Market ENDIF //Short entry S1 = close[1] > high[2] S2 = close < low[1] IF S1 AND S2 AND Not OnMarket THEN SELLSHORT 1 Contract at Market ENDIF

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  DEFPARAM CumulateOrders = False //exit as soon as there's a profit IF PositionPerf > 0 AND OnMarket THEN    SELL      at Market    EXITSHORT at Market ENDIF //Long entry L1 = close[1] < low[2] L2 = close > high[1] IF L1 AND L2 AND Not OnMarket THEN    BUY 1 Contract at Market ENDIF //Short entry S1 = close[1] > high[2] S2 = close < low[1] IF S1 AND S2 AND Not OnMarket THEN    SELLSHORT 1 Contract at Market ENDIF

  I did not watch the video, I coded this strategy based on your details.

   

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  robertogozzi

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  10/12/2022 at 7:39 PM #202397
  JS

  I did watch the video 😉 and it’s a very nice setup.

  Time frame: Day

  Forex: EUR / USD

  The idea of this system is to look for a false breakout.

  As the basis for the “Smash Day” system, Larry Williams uses the following setup:

  //LONG

  If Close < Low[1] then

  Buy 1 contract at High STOP

  EndIf

  //SHORT

  If Close > High[1] then

  SellShort 1 contract at Low STOP

  EndIf

  This basic system can be used in this setup and will always be in the market (Stop and Reverse), profitable but a fairly high drawdown.

  Furthermore, an optimized stop loss is used:

  Set Stop Loss SL * PipSize

  Optimization SL: 0 to 600 step 50

  An (optimized) filter is also used:

  FilterLong = High[1] < High[n]

  FilterShort = Low[1] > Low[n]

  Optimization n: 5 to 30 step 5

  A third variable that is used is the “First Profitable Close” but I have not included that here.

   

  Smash Day Larry Williams

  DefParam CumulateOrders = False FilterLong = High[1] < High[n] FilterShort = Low[1] > Low[n] If Close < Low[1] and FilterLong then Buy 1 contract at High STOP Set Stop Loss SL * PipSize EndIf If Close > High[1] and FilterShort then SellShort 1 contract at Low STOP Set Stop Loss SL * PipSize EndIf

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  DefParam CumulateOrders = False   FilterLong = High[1] < High[n] FilterShort = Low[1] > Low[n]   If Close < Low[1] and FilterLong then Buy 1 contract at High STOP Set Stop Loss SL * PipSize EndIf   If Close > High[1] and FilterShort then SellShort 1 contract at Low STOP Set Stop Loss SL * PipSize EndIf

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  JS

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  10/13/2022 at 9:26 AM #202427
  JS

  With the addition of optimized “Target Profit”…

   

  Smash Days

  DefParam CumulateOrders = False FilterLong = High[1] < High[n] FilterShort = Low[1] > Low[n] If Close < Low[1] and FilterLong then Buy 1 contract at High STOP Set Stop Loss SL * PipSize Set Target Profit TP * PipSize EndIf If Close > High[1] and FilterShort then SellShort 1 contract at Low STOP Set Stop Loss SL * PipSize Set Target Profit TP * PipSize EndIf

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  DefParam CumulateOrders = False   FilterLong = High[1] < High[n] FilterShort = Low[1] > Low[n]   If Close < Low[1] and FilterLong then Buy 1 contract at High STOP Set Stop Loss SL * PipSize Set Target Profit TP * PipSize EndIf   If Close > High[1] and FilterShort then SellShort 1 contract at Low STOP Set Stop Loss SL * PipSize Set Target Profit TP * PipSize EndIf

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  JS

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  10/16/2022 at 9:04 AM #202608
  bearbull

  What a name for a system ‘Larry Smash Day’ !!!! Interesting idea though……………

  I wonder if it could be used on 12hr or 6hr?

  

  bearbull

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  10/16/2022 at 10:32 AM #202613
  JS

  Try it, Larry won’t stop you… 😉

  

  JS

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  10/17/2022 at 7:44 AM #202646
  bearbull

  ……………..i think I will and see what comes up, although i like the idea of the bigger ‘Day’ time frame.

  thank you for sharing this

  

  bearbull

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  10/23/2022 at 7:52 PM #202962
  f1_maik

  You are the best! A very big thank you to you cracks !!

  Thank you very much.

  

  f1_maik

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