Williams Wizard

Williams Wizard stands out as a unique Forex software in the realm of currency trading. This expert advisor is designed for the market and is grounded on robust trading principles. Unlike many of its peers, it doesn’t use a grid system or a martingale strategy, which can lead to unpredictable and risky trading. Instead, it employs reliable indicators that measure market momentum and identify potential buying and selling opportunities.

Optimized for High Momentum Instruments

While Williams Wizard can be used on various instruments, it shows optimum performance on USDJPY 4H. The backtest conducted from 2019 – 2023 on USDJPY 4H yielded impressive results. The software was tested with a fixed 1% of account balance risk per trade, deviating from the default setting of the fixed lot size.

Safe and Controlled Trading

Williams Wizard is designed to take only one position at a time. This non-reliance on martingale, grid systems, or other hazardous money management tactics ensures that trading risks are minimized. A hard stop loss is placed as soon as the trade is initiated, preventing substantial losses. Also, a hard take profit ensures that you won’t lose potential gains due to market fluctuations. The software also has provisions to exit losing trades early or secure profits before a market reversal.

Flexible and User-Friendly Features

This Forex software offers the flexibility to calculate the lot size for each trade as a fixed percentage of your account balance or a fixed lot size. There are also time settings that let you restrict the software to trade only between specific times.

Comprehensive Market Analysis

Williams Wizard uses the Williams %R technical indicator to analyze the market and generate buy or sell signals. Additionally, it uses the average true range (ATR) to set take profit and initial stop-loss levels. The software employs an exponential moving average to evaluate market trends over a specific period.

Customizable Trading Session

You can set the start and end times for your trading session. This feature allows for flexible trading, accommodating different trading strategies and time zones.

FAQ Section

Q: What is the unique feature of Williams Wizard?
A: Williams Wizard uses reliable indicators that measure market momentum and identify potential buying and selling opportunities. It doesn’t rely on a grid system or a martingale strategy, which often leads to risky trading.

Q: Which trading instrument is Williams Wizard optimized for?
A: While it can be used on various instruments, Williams Wizard shows optimum performance on USDJPY 4H.

Q: How does Williams Wizard manage risk?
A: Williams Wizard takes only one position at a time and places a hard stop loss as soon as the trade is initiated. It also has provisions to exit losing trades early or secure profits before a market reversal.

Independent testing of Williams Wizard can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. Feel free to share your experience of using this product. Remember, this is an independent product review and is written in the third person.