Williams %R Filter Strategy by MasayanFX
By MasayanFX
Performance Metrics
- Author: MasayanFX
- Symbol: FX_IDC:USDJPY
- Timeframe: 1 minute
- Net P&L: −1.86 JPY (0.00%)
- Win Rate: 18.8%
- Profit Factor: 0.312
- Max Drawdown: 2.51 JPY (0.00%)
- Total Trades: 16
Description
Williams %R Filter Strategy is a multi-filter momentum backtesting strategy designed for USDJPY on the 1-minute chart.The strategy uses Williams %R as the primary directional trigger and can combine it with SMA trend alignment, MACD direction, and RSI momentum filters. When Only Williams %R mode is enabled, the strategy enters trades based only on the Williams %R condition.A long entry is generated when Williams %R is above the selected overbought level and at least one enabled bullish filter is satisfied. A short entry is generated when Williams %R is below the selected oversold level and at least one enabled bearish filter is satisfied.Default settings:Symbol: USDJPYTimeframe: 1 minuteWilliams %R Period: 1000Williams %R Overbought Level: -10Williams %R Oversold Level: -70Short SMA Period: 375Middle SMA Period: 750Long SMA Period: 1200MACD: 12 / 26 / 9RSI Period: 14Use Confirmed MACD / RSI: EnabledStop Loss Distance: 4.0Take Profit Distance: 5.0Pyramiding: 0The strategy closes an opposite position before opening a new one and uses fixed price-distance stop loss and take profit levels. Because TradingView’s broker emulator differs from MT4/MT5 execution, backtest results may not match EA results or live broker execution exactly.This script is intended for chart analysis, backtesting support, research, and educational purposes only.It does not guarantee future performance and should not be considered financial advice.Please test carefully before using it in any trading decision.