The GRAIL is not the best trading system, strategy or robot.
The grail is the crystal ball.
If you know at beginning of the day which instruments will be trending the most, then any strategy WILL make you money.
Edit: Traders appearrently have many ways to predict, that something will happen soon. This week, next wek, this year. That's fine. But that does not pay your monthly salary. You need to have an edge TOMORROW. There you have the grail.
I have this overview: On each chart I put on the Williams Percentage Range indicator (WPR). It is in the MT4 Oscillator folder. I set the parameter to 150. This is not suitable for trading signals, but I want the overall picture. The indicator goes to a sub window. I make that subwindow size to fill the whole chart. Then I have the template. Put the instruments you follow on the screen, add the template to each chart.
When price keep over -30 the trend is upwards - but might be in a range - keep that in mind. Below -70 visa versa.
The best is when the price is going steeply OBOS or OSOB. There the really trend is lying.
When doing the daily top down, I set all charts to the Daily. This quickly gives me the view of instruments of interest. I note these instruments and then set all charts to H4 and then H1. The list of interesting instruments is now narrowed. Then I can open the charts of the instruments on my list and decide which will be the best for the day. I give the chosen ones a green background colour. This way they are easy to follow during the day.
Now you just have to trade the chosen instruments with the trend.
Easy! I use WPR but you can use anything you like, just keep it simple.
I attach the scripts which I found here on FF. They make it easy to change template and timeframe on all pairs.
But what is your take on this? How do YOU select the pairs to trade. Please - I foresee hundreds or even thousands traders will visit this thread. Don't be shy. Give us your strategy for finding the best instrument to scalp for the day. Let us help each other.
If anybody do not speak in an orderly maner, my boot is ready.
Update 11th August - 5 weeks later
Around 850 downloads! Hey people have been here.
433 posts in the thread as today. Most of those are about something else - at least not my methode. As I recall then 2 people showed a short interest. So no help from anybody to refine the methode.
What a shame. This really is the grail.
During these 5 weeks I have refined the methode myself. I am now able to select the pairs for the trading of the day - sharp as a razorblade. The pairs are allways going in my direction. And I can use whatever strategy I like, I will earn money.
However it seems to be wasted time to show my methode for anybody else, so I keep this gold for myself.
Update 10 February.
Things developes all the time and this post #1 has not been updated. Go to post# 578 for the latest grail robot.
The grail is the crystal ball.
If you know at beginning of the day which instruments will be trending the most, then any strategy WILL make you money.
Edit: Traders appearrently have many ways to predict, that something will happen soon. This week, next wek, this year. That's fine. But that does not pay your monthly salary. You need to have an edge TOMORROW. There you have the grail.
I have this overview: On each chart I put on the Williams Percentage Range indicator (WPR). It is in the MT4 Oscillator folder. I set the parameter to 150. This is not suitable for trading signals, but I want the overall picture. The indicator goes to a sub window. I make that subwindow size to fill the whole chart. Then I have the template. Put the instruments you follow on the screen, add the template to each chart.
When price keep over -30 the trend is upwards - but might be in a range - keep that in mind. Below -70 visa versa.
The best is when the price is going steeply OBOS or OSOB. There the really trend is lying.
When doing the daily top down, I set all charts to the Daily. This quickly gives me the view of instruments of interest. I note these instruments and then set all charts to H4 and then H1. The list of interesting instruments is now narrowed. Then I can open the charts of the instruments on my list and decide which will be the best for the day. I give the chosen ones a green background colour. This way they are easy to follow during the day.
Now you just have to trade the chosen instruments with the trend.
Easy! I use WPR but you can use anything you like, just keep it simple.
I attach the scripts which I found here on FF. They make it easy to change template and timeframe on all pairs.
But what is your take on this? How do YOU select the pairs to trade. Please - I foresee hundreds or even thousands traders will visit this thread. Don't be shy. Give us your strategy for finding the best instrument to scalp for the day. Let us help each other.
If anybody do not speak in an orderly maner, my boot is ready.
Update 11th August - 5 weeks later
Around 850 downloads! Hey people have been here.
433 posts in the thread as today. Most of those are about something else - at least not my methode. As I recall then 2 people showed a short interest. So no help from anybody to refine the methode.
What a shame. This really is the grail.
During these 5 weeks I have refined the methode myself. I am now able to select the pairs for the trading of the day - sharp as a razorblade. The pairs are allways going in my direction. And I can use whatever strategy I like, I will earn money.
However it seems to be wasted time to show my methode for anybody else, so I keep this gold for myself.
Update 10 February.
Things developes all the time and this post #1 has not been updated. Go to post# 578 for the latest grail robot.
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Attached File(s)
MetaTrader 4 - so many advantages.
