The Strategy That Made Him $1.1 Million In 12 Months - YouTube

Tutorial   #donchianchannels #indicator #larrywilliams #daytrading  

This video covers the #DayTrading strategy #LarryWilliams used to turn $10,000 to over $1,000,000 in a year of day-trading, the name of strategy is called LW Volatility Breakout Strategy. This video covers how this strategy makes buy decision which is summarized below, however the video lacks coverage on how this strategy makes exit decision.

• use 5-minute time-frame chart
• apply #DonchianChannels #indicator to the chart, set length to 96
• The strategy starts buy position when price breaks above upper band of Donchian Channel along with the following confirmation signals
  • LWTI indicator (Larry Williams Large Trade Index), set parameter Period to 25, and Smoothing Period to 20. Buy signal is confirmed when LWTI indicator is green, not red.
  • Volume Moving Average of 30 Periods, this helps identify market has momentum or not. Buy signal is confirmed when 5-minute chart volume bar is green and higher than Volume MA 30 line.