Today, we are going to unveil a 100x day trading strategy.

Renowned trader Larry Williams himself used this strategy to help him turn $10,000 into a staggering $1.1 million!

But how did he do it? Today, we’re going to dive into Larry Williams’ trading strategy and explore the techniques he used to achieve such an impressive return.

Make sure you stay until the last part, where we will discuss an indicator that will boost the performance by another 10–100%.

The prerequisites Of This 100x Trading Strategy

First, let’s set the scene. Day trading is a high-risk, high-reward strategy that involves buying and selling financial assets within a single trading day. It requires a deep understanding of the markets, a strong stomach, and a disciplined approach.

So, how did Larry Williams navigate these challenges to achieve such an impressive return? The answer lies in his unique approach to day trading.

His trading strategy is perfect for day traders. It works best in a 5-minute timeframe. The indicators we will be using are: Volume, Larry Williams Large Trade Index (LWTI), Donchian Channel, and a secret indicator which we will introduce at the end!

Steps to the 100x Day Trading Strategy

Step 1: Add the Donchian Channels Indicator

To get started, set your chart to a 5-minute timeframe. Next, access the indicators tool and add the Donchian Channel to your chart. Navigate to the settings, and adjust the length of the indicator to “96” for optimal results.

The upper blue line indicates the 96-period high, which acts as a resistance level. Conversely, the lower blue line indicates the 96-period low, which represents the support level. The orange line in the middle indicates the average of the 96-period high and low.

Now, let’s interpret the signals provided by the Donchian Channels. When the market price crosses above or below the middle line, it may indicate a shift in market sentiment. Keep an eye out for these moments as they can provide valuable trading opportunities for reversals.

Step 2: Add the Larry Williams Large Trade Index (LWTI) and the Volume Indicator

Navigate the indicators tool again and add the LWTI indicator and volume indicator to your chart.

Once you’ve added the LWTI indicator to your chart, it is recommended to adjust the period and smoothing period for optimal results. Modifying the period allows you to capture longer-term trends, while decreasing the period increases sensitivity to short-term price movements.

For trading in a 5-minute chart, it is suggested to set the period to 25.

Regarding the volume indicator, let’s modify the moving average (MA) length to 30 and enable the “Volume MA” in the style tab.

Step 3: Enter a long position

To get the most optimal outcome, the following three criteria should be met:

1. Firstly, ensure that the price touches the upper blue line, confirming that there is a price breakout.
2. Secondly, confirm the presence of significant volume in the market. The volume bar has to be above the white line, which represents the volume moving average.
3. Lastly, the LWTI indicator should display in a green line.

Step 4: Exit the trade

To exit the trade, simply set a stop slightly below the orange line. Then, set your take profit at a 1:2 risk to reward ratio.

Extra Tips to Increase Win-rate and Profitability

Use TradeDots Indicator As Confirmation For Entry

The TradeDots indicator is designed to identify reversal points on charts through the analysis of price action.

Once the three criteria mentioned earlier are fulfilled (as indicated at the yellow arrow), it is best to seek confirmation from TradeDots. In this case, a red dot appears on the chart, indicating a potential entry point for long positions. Based on this signal, we can proceed to enter the trade.

Use TradeDots Indicator As Confirmation For Exit

When it comes to trading, one of the key aspects for short-term traders is to capitalize on even the slightest price movements in order to maximize their gains. In this pursuit, the TradeDots indicator can assist in identifying favorable exit points.

The TradeDots indicator is designed to provide insights into potential exit opportunities by analyzing price action and market momentum. By incorporating this indicator into your trading strategy, you can gain a better understanding of when it might be advantageous to exit a position.

With TradeDots, you can look for the green dots and exit the trade, maximizing your returns.

Bottom Line

Day trading has always been a high-risk, high-reward strategy, but with the right tools and knowledge, traders can maximize their profit potential and minimize losses. That’s where Larry Williams’ trading strategies come in, arming traders with the skills to make informed decisions and execute trades with confidence.

To take it a step further, TradeDots provides entry and exit points confirmation, giving traders an even greater edge in the market. By combining these strategies with our TradeDots, traders can significantly increase their profitability and achieve even greater success in the markets.

About TradeDots

TradeDots is a TradingView indicator that identifies market reversal patterns through the implementation of quantitative trading algorithm on price actions. Try our 7-day FREE Trial to level up your trading game.

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Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading involves risk, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. Prospective investors are encouraged to perform their own due diligence or consult a financial advisor before making investment decisions.