The HOLY GRAIL

Sort of... LBR named her indicator "Holy Grail", but it was in sort of a jocular manner because while it seemed to always have a profit, it rarely showed a signal, and it didn't catch the exact tops and bottoms of trends. A true "Holy Grail" indicator is one that is not only 100% profitable, but takes every bit of profit available in the market (ie: gets the exact tops and bottoms of trends).

A few years ago, someone tried to sell a Holy Grail indicator on eBay for $150,000 and kept raising the price when no one bought his auction. Eventually he gave up at $350,000. It became a joke on the TradeStation forums for a while.

Ok makes sense I guess!

Mind, Money, Method….

For me, the Holy Grail is Expectancy, or Method.

Money and Mind are a “given” – if I don’t begin with those already sorted, then I might as well quit before I’ve started.

As for Money…. Sizing positions is a total no-brainer, it’s all about keeping them small enough to both preserve capital, and maintain emotional detachment.

As for Mind…. Well, I’m currently trading a US$10,000 account, and down about 10%. I don’t give a toss if I blow the whole account. Why? Because (1) I have no performance expectations, because I view trading as a game of chance**, (2) it’s money that I’ve already written off as risk capital, an “education fee” that I can genuinely afford to lose, and (3) I back myself that, if I experiment long enough, I’ll eventually discover a profitable Method, one that tips the probabilities in my favor. Thus far, I can honestly say that my emotional attachment to any trade I’ve made is zero. I simply set the entry, SL and TP, walk away, and forget about it.

If my approach seems cavalier, then it’s probably because I don’t ever see myself “trading for a living”. However, if I can discover a method with a high enough positive expectancy, and encounter suitable market conditions frequently enough, then - thanks to the magic of compounding - I might eventually become very wealthy.

Having said all this, I guess it’s different for everybody. Each to his or her own.

David

** Like Poker, you bring all of your knowledge, skill and money management to the table, but ultimately it's the way the cards fall that determines the outcome.

Holy Grail
A mechanical system, eliminating all human discretion, giving clear entry and exit signals that provide,
At least two wins for each loss
each win at least twice as big as each loss

I personally would be happy with a win/loss ratio of 1:1 and each winner anything equal to, or above, 1 pip bigger than the loser, but not even that can be guaranteed by any system, indefinitly. Only the market makers have a guarantee like that

.

My point being, learn to trade. Here is a good starting point: http://www.forexfactory.com/showthread.php?t=39514

Well and IF we were, each of us a Holy Grail, in our true nature?

See also:

https://www.metalsmine.com/showthread.php?t=922275

.......instead of to keep looking outside?

What is that?

Hello? What’s the link is all about? Is it your own site? And why you added here?

I do not believe in Holy Grail trading system. There is no system is 100% successful or all time working. Market in consistently changing. So, none are over lasting.

Correct because a "holy grail" would imply that there is a secret to trading that majority of traders are unaware of which cannot be further from the truth. Trading a game of probabilities, not secrets.