|
Currency Grail Scalping System Hi i found this strategy and it seems interesting, i understand that it says not to use a stop loss but i was wondering could someone make a ea with these rules but add a stop loss, so we could play with it and see if it has potential everything is explained in the pdf i found the pdf here https://c.mql5.com/forextsd/forum/16...ing_system.pdf |
Have you traded this system successfully? |
haven't used it long enough to give you a honest answer, but i have traded it the last week with all wins but that is normal because of the no stop loss just would like to see a ea so i can check how often a big drawdown would come |
Have you made any profits trading your system yourself. would be nice to know if its something already making some good returns and not just hypothetical |
not my system, and my answer is right above you |
Thank you, seems interesting and I think every trader can bring something from this and adapt to the personal trading style. |
Thank you, very interesting. I' ll give it a try. Best regards, renko |
Not very many "perfect set-ups". You could be waitin' a long time to pick up 5 pips. Also, the guy mentioned something about paying affiliate marketing commissions for his "book". Where did you get this? |
|
first question mostly asked is " is there an indicator?" second most ask question " is there an ea/" third most is "What time frame?" Common sense is just forgotten |
|
15 MIN 30 MIN 1 HR 4 HR DAILY WEEKLY 1 PIP 2 PIPS 5 PIPS 20 PIPS 50 PIPS 200 PIPS Note: The chart above shows conservative profit targets only. Obviously more pips can be usually acquired, but the figures above will ensure no-losses; those pips will be gained. Once you become more experienced, increase the pips at your own risk but remain conservative not greedy. For example, 10 pips on the 1 HR chart can usually be gained and 50 pips on the 4HR chart can usually be gained. Avoid however changing the pip ammount on the lower timeframe of 15 min or 30 min. Also, even though the pips gained might seem low, don’t forget that profits do indeed add up over time because of a) frequent set-ups and b) you can trade multiple currency pairs at the same time if you work quickly and c) profits will increase depending upon your lot size and leverage. |
1 Attachment(s)
The setup candles were the 2nd and 3rd candles back from the vertical blue line. |
And that wasn't a "perfect setup" ... obviously. |
1 Attachment(s) EDIT: It is hit TP! how about this setup? |
Anybody bothered to read this bit..... This book is copyright protected. Duplication or distribution either for personal or commercial use is prohibited. The method also cannot be transformed into a freely distributable or commercially sold EA (Expert Advisor). |
 |
|
|
A really interesting price action method, not some stupid holy grail indicator and this setup can be visual backtest too, author's website has been downed, hope he dont mind our discussion here. Hope someone can make an simple indicator base on this. |
© Forex Factory