Smash the Charts is a complete trading system inspired by entry rules developed by respected analyist Larry Williams. This trading system seems to work better on the higher timeframes, but with some additional rules can be adapted to many different timeframes and instruments.
In addition to reviewing the indicators, providing exact entry rules, defining the take profit and stop loss levels, testing it for 100 consecutive setups, reviewing the results, discussing the equity curve, and scoring the system on a scale of 1 to 10, I also share my 6 optimization tips that you can try in your own trading system development. Do not neglect back and forward testing, that is critical.
⏱️ Timestamps ⏱️
00:00 – Start
01:20 – Indicators
02:22 – Examples
05:50 – Results, Equity Curve, Score
07:10 – Optimization
⚙️ System Specifics ⚙️
📛 System Name: Smash the Chart
🏆 Trader’s Landing Score: 9
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 4-Hour (H4)
👀 TradingView Indicators
Links to indicators located here: https://traderslanding.net/indicators/
Name: Exponential Moving Average (EMA)
Inputs: Length = 200
Style: White
By: TradingView Built-In
Name: ATR Bands
Inputs: 2X ATR upper & lower bands.
Style: Orange
By: AlexanderTeaH
☝️ Long Entry
1) Price is above the 200 EMA.
2) Bar closes lower than the previous 2 bars.
3) Enter when price closes above previous 2 lower bars.
👇 Short Entry
1) Price is below the 200 EMA.
2) Bar closes above the previous 2 bars.
3) Enter when price closes below the previous 2 higher bars.
🔥 Risk to Reward: Dynamic
🛑 Where to place stop-loss:
For Longs: 2 times the ATR value below the trigger candle.
For Shorts: 2 Times the ATR value above the trigger candle.
🚀 Where to take profits:
For Longs: Exit when price closes below previous 2 bars.
For Shorts: Exit when price closes above previous 2 bars.
⚠️Disclaimer: This content references opinion and is for information purposes only. Not intended to be investment advice.
