Holy Grail system is an amazingly simple forex trading strategy which can be used by any level of trader. This system does not look messy on your charts since this indicator uses only one indicator. Trading decisions can be made very easily using this system because it does not create confusing signals and it does not have many indicators. This system works best on an hourly chart and four hour chart. The Holy Grail system can be used by swing traders to profit from the market swings regardless of the direction of the market. However it is recommend trading only in the direction of the trend to have higher probability of winning a trade.
When the Holy Grail System is installed correctly your metatrader, chart window should like this:
The Holy Grail system consists of a custom made indicator which looks like a fractal indicator. This indicator shows you the buying and selling signal by the help of the arrow that appears above and below the market price bars. Appearance of a green arrow pointing upwards indicates that the buyers are ready to be back in the market whilst appearances of a red arrow pointing downwards indicate that sellers will dominate the market very soon. Knowing who (whether buyers or sellers) will dominate the market in future is enough to make you a very wealthy person. Well, this indicator tells you that piece of information. Unfortunately, all people don’t become very wealthy. It is because they do not behave like a wealthy man and they do not have a mindset of a wealthy man. Although this is an amazing forex trading system it requires high level of self discipline to be able to beat the market consistently. One should also understand the fact that no one can predict future precisely and so does market price. Being consistent doesn’t mean you have to win every trade. If you win 60 trades out of 100 and if you are consistent with it that is good. Consistency is the key to success in the foreign exchange market trading.
This system also alerts you by generating buy/sell text on the top right corner of the screen. On the left side of the screen you can see the details about the market. The market details include:
Number of active orders
Buying conditions using The Holy Grail System.
- Buy when a green arrow pointing upward appears below the price like in the above price chart.
- There should be a “BUY” text on the top right of your chart window.
- Place you stop loss just below the recent swing low.
- Take your profits when a red arrow appears above the price.
Selling Conditions Using the Holy Grail System.
- Buy when a red arrow pointing downward appears above the price like in the above price chart.
- There should be a “SELL” text on the top right of your chart window.
- Place you stop loss just above the recent swing high.
- Take your profits when a green arrow appears below the price.
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