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Williams Percent Range, an indicator, but also a very unique trading strategy whose greatest potential lies in its simplicity and versatility.
And it is the versatility of use across not only different time frames, but also markets, that makes this strategy a tool that in many ways can match the best strategies ever in the world of trading.
Strategy entry rules (example)
Entering long positions
- WPR indicator rises above -40
Entry into short positions
- WPR indicator falls below -60
Exit from long positions
- WPR indicator drops below -40
Exit from short positions
- WPR indicator rises above -60
How to trade with the strategy
According to the above rules, today's entire strategy is based on the indicator values -40 and -60. So, if the indicator value falls below -60, then it is time to enter short positions, on the contrary, if it rises above -40, then it is possible to start making long entries.
The great advantage of this strategy is that it offers the possibility to participate in very long trend situations, thus traders have the opportunity to gain even hundreds of pips from a single trade while risking only a few units, or in rare cases tens of pips.
With today's long-term WPR trading strategy, success rates in the range of 60-70% can be achieved, and another big plus of the strategy is the fact that it offers the opportunity to participate in trades where traders risk little and can gain a lot.
