Larry Williams Smash Day
Рет қаралды 9,931
Күн бұрынReversal Days, aka Larry Williams Smash Day is a great pattern to trade false breakouts. Learn how to build a profitable strategy that trades a portfolio of asset classes profitably.
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00:00 Larry Williams Smash Day pattern
01:00 Smash Day pattern example
02:58 Smash Day strategy code in Tradestation EasyLanguage
04:18 Raw smash day strategy applied to many instruments
07:06 Adding filters, exits, profit target
09:14 Adding stop loss
11:01 Adding an indicator as an exit
13:30 Conclusion
Let's Connect:
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#Finance #Investing #AlgoTrading
Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
I strive to provide the best education on the subjects mentioned above, the goal is take control of your financial future. If you like what you read, then subscribe and if you're still reading this, you rock! thank you ❤️
@ShareefusMaximus 2 жыл бұрын
Great! This is what I trade every day: Smash bars. It's my favorite setup. I'd love to see a video about "hidden smash days/bars" which are just failed pin bar reversals. Larry learned the smash day pattern from a bond trader named Joseph Stowell. Since you asked for old books, his is called "Tips for Traders and Investors." He is famous for his "cups and caps" setups, which are failed swing highs and failed swing lows.
@StatOasis 2 жыл бұрын
Sounds good!
@Be4Chst 4 ай бұрын
How do you take profits?
@hamburmeta3415 Жыл бұрын
Hello, trading zone, a mexican youtuber recommended your channel, and i must tell u that your content is pure gold... Thanks a lot.
@StatOasis Жыл бұрын
Thank u for watching and special thanks for the Mexican KZfaqr 👌
@rod85y 2 жыл бұрын
Fantastic Ali! I'm amazed this simple pattern works. Thanks you for sharing your knowledge once again!
@StatOasis 2 жыл бұрын
Yes simple works. Thank you for watching
@auxripper 2 жыл бұрын
Genius. When I have time, I MUST join the inner circle and learn to code
@StatOasis 2 жыл бұрын
Thank you for your support
@FilippoCordioli 2 жыл бұрын
very helpful study thanks :D great that you show the TS code so we can also test it and work on it
@StatOasis 2 жыл бұрын
Glad it was helpful!
@Yewbzee 2 жыл бұрын
Cheers Ali, very helpful.
@StatOasis 2 жыл бұрын
Glad to hear it
@ericwilber1228 2 жыл бұрын
Amazing content as always!
@StatOasis 2 жыл бұрын
Greatly appreciated
@kaveh6161 2 жыл бұрын
Great as always
@StatOasis 2 жыл бұрын
Thank you for watching
@Frengdahl 2 жыл бұрын
great stuff. meat for a new stock portfolio!
@StatOasis 2 жыл бұрын
Glad you found it useful
@AliHasan-ot7rb 2 жыл бұрын
Hi Ali, Sorry for getting off-topic, just wanted to ask you about SQx i've noticed that last SQx software update was in Sept. 2021 !! are they stopped developing the platform ? do you have any info about that ?
@StatOasis 2 жыл бұрын
They release minor updates every now and then but they are working on adding broker connections so I guess that slowed their update cycle on SQX
@billmietelski 2 жыл бұрын
Lol, the interwebs keep eating my comments. I was wondering why you hadn't responded, and now I see ... my comment from yesterday is gone ... I swear it was there yesterday ... and I'm not crazy - my mom had me tested ;) ... Oh, well ... not going to repeat ... long story short, I actually have that book but I didn't read it cover to cover, and must've missed the section on Smash Days ... I don't have TradeStation, but I do have backtesting models built in Excel ... looking forward to replicating your results ... plus, I have several uncorrelated markets in mind, assuming these tests results hold up ... thanks for your time & effort in these videos!
@StatOasis 2 жыл бұрын
I only have auto filter on for "bad words", the process is automated as they must have billions of comments to sort through, but sometimes they remove comments based on other things, like your comment on other channels, they have many variables. sometime i will get the comment in my email box and it will never show up on my channel. the pattern is simple and should easily be programmed in any platform. Its on page 100-110 of the book
@pdoty3335 Жыл бұрын
Why in condition 6 am I getting the error message associated with H, "cannot imlpicitly convert Numerical to TrueFalse? Error # 30408
@pdoty3335 Жыл бұрын
NVM coding error....
@StatOasis Жыл бұрын
you have a variable that is numerical trying to get true/false change the variable from "Value" to "Condition"
@RafalLuberacki 2 жыл бұрын
is there any EA available for this strategy?
@StatOasis 2 жыл бұрын
SQX can export to MT4 but Unfortunately I didn’t build this in SQX
@RafalLuberacki 2 жыл бұрын
@@StatOasis what timeframe did you test it? Only daily? Any idea how does it work on a 4h /1h chart?
@StatOasis 2 жыл бұрын
daily, I don't know how it performs on other time frames
@ireneusz7469 10 ай бұрын
How much you take for trainig? On past graphs.😂😂😂😂😂 hahaha.......
@StatOasis 10 ай бұрын
$0.27 😊
@ireneusz7469 10 ай бұрын
What is you nationality. Are you from Teheran. I heard about you from Reza. You learning from courses.
@ireneusz7469 10 ай бұрын
The book is based in 80s. In my opinion does noy match with todays electronic methods of trading. We may say old fashioned book.
@StatOasis 10 ай бұрын
Yes and many patterns still work with minimal effort
@ireneusz7469 10 ай бұрын
Which one? Smash? Dont tell me like this.
@ireneusz7469 10 ай бұрын
You just looking for money from training and peoples becuse you not able to earn on market. You cheat people. I think you are from Iran , I can recognise you.
@thegormlesstwit849 2 жыл бұрын
Nothing this simple ever works this well, amazing if it does.. I will see if I can run this strategy through NinjaTrader.
@StatOasis 2 жыл бұрын
That’s great, testing is the only way
@shinyam8335 Жыл бұрын
excellent!! Thanks Ali. btw, I sent email yesterday. Could you please check it? Thank your for your time. Shinya
@StatOasis Жыл бұрын
Thank you for watching. If u didn't receive an answer please send to Info at statoasis dot com
@shinyam8335 Жыл бұрын
@@StatOasis I should have sent an email, but the file size was too large to send. I sent it again, so please check it when you have time. Thank you🤠
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