Larry Williams Smash Day

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10/12/2022 at 11:54 AM #202373 quote

f1_maik
Participant

Junior

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

from 0:54 min

Screenshot_1.jpg

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

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

GraHal and f1_maik thanked this post
10/12/2022 at 7:39 PM #202397 quote
JS
Participant

Senior
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.
```
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
```
GraHal and f1_maik thanked this post

Schermafbeelding-2022-10-12-om-20.35.52.png
10/13/2022 at 9:26 AM #202427 quote
JS
Participant

Senior
With the addition of optimized “Target Profit”…
```
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
```
JohnScher and f1_maik thanked this post

Schermafbeelding-2022-10-13-om-10.22.47.png
10/16/2022 at 9:04 AM #202608 quote

bearbull
Participant

Average

What a name for a system ‘Larry Smash Day’ !!!! Interesting idea though…………… I wonder if it could be used on 12hr or 6hr?

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

JS
Participant

Senior

Try it, Larry won’t stop you… 😉

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

bearbull
Participant

Average

……………..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

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

f1_maik
Participant

Junior

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