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The WL Superfive trading system
The SuperFive trading system is the latest development of Belgian trader Wim Lievens. The system incorporates all the major breakthroughs made by Wim over the last decade.
The name SuperFive comes from the intriguing fact that the system offers five specific types of trading. This capability makes the SuperFive system suitable for nearly all market conditions. The five types of trading -we will use the word "set-ups" going forward- which the system offers are:
I. Trend corrections
II. Trend reversals
III. Momentum trades
IV. Support & resistance tests
SuperFive is truly universal. It can be used for five traditional trading set-ups. It can be used on all instruments (market indices, commodities, forex, stocks...). It can be used for day trading and swing trading. It can be used in your preferred trading tempo (seconds, minutes, hours, ranges...).
The advantages of the WL SuperFive system:
- Includes four proven trading tools from an experienced trader
- Offers five trading set-ups (corrections, reversals, momentum...)
- Adapts automatically to market conditions
- Allows both day trading and swing trading
- Allows manual, semi-automated and automated trading
- Caters for every trading tempo (seconds, minutes, hours, ranges...)
- Looks very nice in the charts
- Gives alarms when a trading signal occurs
In addition to the WL SuperFive trading system, buyers also get the following items separately:
- Educational videos and PDF explaining the system's philosophy and a complete manual. These aides make it child's play to set-up and implement SuperFive in the NanoTrader platform.
- Personal coaching by Wim Lievens for one hour in one or two sessions.
- A substantial discount on the purchase of the full online WL SuperFive training course.
The four components of the WL SuperFive system
These components were designed over the years by experienced trader Wim Lievens himself. Each component has a particular function.
The WL Bars combine the benefits of range bars, renko charts and heikin ashi candles. They are described in detail here.
The WL Triads are based on the concept of market structure points. Their strength lies in their combination with the WL Bars. The WL Triads provide the trader with precise entry and exit points.
The WL Momentum Cloud is a blue-purple cloud in the chart. The momentum cloud visualizes price action movement. It clearly shows the trader when momentum is on his side. The WL Momentum cloud, combined with the WL Triads, presents trading opportunities when the market price moves outside the momentum cloud.
The WL Trend Cloud is a green-red cloud in the chart. The trend cloud provides the trader with the current trend. Uniquely, the trend cloud combines two time-related (or range) charts into one. Opening two charts to see the trend in a lower and a higher time frame is no longer necessary!
This example shows the WL Bars, the WL Momentum Cloud (blue-purple) and the WL Trend Cloud (green-red). The overall trend is getting stronger when the clouds diverge. When the clouds converge, the trend is weakening.
The SuperFive trading set-ups
This summary review of each trading set-up gives you a very good first impression. Each set-up is explained in detail in the videos. The videos are included in the purchase of the SuperFive trading system.
I. Trend corrections
Trend corrections are a classic trading set-up. The trader waits for the second and the third corrections in a new trend. It is important to only trade the 'best' corrections. This is where the WL Triads come into play.
This example shows a trend correction, which results in a buy signal. The WL Trend Cloud is green, the trend is bullish. The clouds are diverging, the trend is strong. The market price drops into the green trend cloud. A WL Triad pattern appears. These are the conditions for a buy signal. A buy signal label is shown in the chart. The trader places a buy stop order one tick above the highest point of the three bars of the WL Triad. Or, even better, the trader uses the AutoOrder mode in NanoTrader.
This example shows a trend correction, which results in a short sell signal. The WL Trend Cloud is red, the trend is bearish. The clouds are diverging, the trend is strong. The market price climbs into the red trend cloud. A WL Triad pattern appears. These are the conditions for a short sell signal. A short sell signal label is shown in the chart. The trader places a sell stop order one tick below the lowest point of the three bars of the WL Triad. Or even better, the trader uses the AutoOrder mode in NanoTrader.
II. Trend reversals
Trends don't last forever. Sooner or later the trend will either stop (and the market moves sideways) or reverse. To identify a reversal the set-up uses a 1-2-3 reversal pattern.
This example explains the logic of the 1-2-3 reversal pattern. At point 3, the market can either go down or reverse, by going above price point 2.
This example shows a trend reversal, which results in a buy signal. The WL Trend Cloud is red, the trend was bearish. A 1-2-3 reversal pattern occurs. The WL Momentum Cloud breaks above the WL Trend Cloud. The conditions for a buy signal are met and a buy label is shown in the chart. The trader opens a position at the market price or delegates this to the NanoTrader platform by using the AutoOrder function.
This example shows several low-quality buy and short sell signals. There is no clear trend, as indicated by the quickly alternating green-red clouds. Trend and time filters could be added to the SuperFive system to avoid these periods as much as possible.
Strong price movements are unpredictable. A classic candlestick chart will simply show a big candle. There is no information available to trader if it is still possible to enter or if it is too late. The momentum set-up in the SuperFive system points out hesitations (WL Triads formed by WL Bars) during a strong price move, allowing traders to still 'jump on the bus'. First price movements are the best, and it is good to limit the number of signals with the maximum signal setting (see Ease of Use).
This example shows a strong price movement and four short sell signals. The WL Trend Cloud is red, the trend is bearish and expanding. The clouds are also diverging, the trend is strong. WL Triads occur in the WL Momentum Cloud. The labels for short sell signals are shown in the chart. The trader opens a position at the market price or places his short sell stop order one tick below the low of the WL Triad. These interventions can easily be automated in the NanoTrader.
IV. Support & resistance tests
Buyers and sellers will often step in the market at particular price levels which have repeatedly occurred in the past. These are usually price levels at which significant volume was traded and at which the market price found support or resistance.
The SuperFive system allows traders to indicate a support and resistance level. The system will detect if on two occasions the support or resistance is broken. On the third such occasion a trading signal occurs.
This example shows two buy signals.
Break-outs tend to occur at key levels (round numbers, pivot points, previous day high or low, opening range price levels...). Buyers and sellers step into the market at these price points.
The SuperFive system allows traders to set a break-out range. The system will detect when the market price moves out of the range. A trading signal occurs upon the appearance of the first WL Triad in the WL Momentum Cloud.
This example shows a short sell signal.
Ease of use
The spectacular NanoTrader trading platform allows the trader to adapt the WL SuperFive system to his preferences. As usual this is done by simply clicking in the Designer Dialog window or by clicking directly in the chart.
Traders can select the set-up(s), the number of signals, the type of signals, the chart type, etc. It is also possible to change all colours by clicking on the name of a component in the chart and selecting 'visualization settings'.
This example shows the parameters in the Designer Dialog.
- Select the financial instrument you want to trade and open
- Open the "WHS Store" folder, open the "Wim Lievens" folder and select the tool.
- Select your paper account or your real account.
- NanoTrader Full: If you want to trade semi-automatically
(open position manually, close position automatically),
activate TradeGuard+AutoOrder in the chart. If you want to
trade automatically, activate AutoOrder in the chart.