The Unholy Grail System - Intraday Strategy | Forex Factory

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The Unholy Grail System - Intraday Strategy

  • #1
  • First Post: Aug 29, 2008 3:10pm Aug 29, 2008 3:10pm
Hi,

I would like to share my system which i want to call it, "The Unholy Grail", which is quite profitable and you can also try it, test it on demo and see and if you could help make it much better, A BIG THANKS!

Its a very simple system that only has 5 indicators (These are indicators found in forex-tsd)

You simply wait for 2 indicators to match then enter and when 2 indicators match again you exit and renter, That it!

This image should explain everything. (USDCHF Example)
Attached Image (click to enlarge)
Click to Enlarge Name: unholygrailsystem.jpg Size: 184 KB


You may use them on any currency you wish, but my advice is to always go with the USD Majors because you will be dealing with just 2 currencies, If you trade cross pairs then your dealing with 3 currencies.

Examples:
*USD MAJORS* (Easy to trade pairs)
1, EURUSD = EURO + USD
2, GBPUSD = GBP + USD
3, USDCHF = USD + CHF
4, USDJPY = USD + JPY

*CROSS Pairs* (Hard to trade Pairs)
1, EURCHF = EURUSD + USDCHF
2, GBPCHF = GBPUSD + USDCHF
3, EURJPY = EURUSD + USDJPY
4, GBPJPY = GBPUSD + USDJPY

RULES
1, Enter when LSMA and Snakeforce match.
2, Do not exit if LSMA and Snakeforce do not match.
3, Exit when LSMA and Snakeforce match against your position.
4, Do not enter if LSMA and Snakeforce do not match.

INSTALLATION

1, Copy the indicators to "experts/indicators" folder.
2, Copy the template "unholy_grail_system.tpl" to the "templates" folder.
3, Restart Metatrader.
4, Open a fresh 1hour chart of your favourite pair and load the "unholy_grail_system.tpl" file.

Indicator zip file :
Attached File(s)
File Type: zip unholygrail_indicators.zip   24 KB | 1,906 downloads

Metatrader Template (Hourly Chart only) :
Attached File(s)
File Type: tpl unholy_grail_system.tpl   3 KB | 1,378 downloads

Complementary Moneymanegement excel file :
Attached File(s)
File Type: zip Moneymanagementfile.zip   22 KB | 1,037 downloads

Forex Timezones and open sessions : http://www.2008.worldmarkethours.com/Forex/index.htm


NOTE: These indicators may repaint in real-time, so please use the "CANDLETIME" indicator included and wait for the candle/bar to completely close and to confirm the colors.

I called it "The Unholy Grail System" cuz seems to be unholy for your broker hehehe, Also please correct me if im wrong anywhere, please remember im human and not an Android/EA to be 100% right or accurate in my system.

Please try this only after you have tested it on demo, it could be risky (embaressed)

Enjoy and wish you all great success, Any help to improve this is more than appreciated!
  • #2
  • Aug 29, 2008 3:24pm Aug 29, 2008 3:24pm
Hi,
nice System, but I see a problem with it, the SnakeBorders Indikator is a indicator that always change its drwaing picture for more then 4-8 bars in the past, did you know this, I think you must, put it just on a chart and let it run in the tester then you see what I mean.
  • #3
  • Aug 29, 2008 3:25pm Aug 29, 2008 3:25pm
Hey dznmrd looks interesting - I am going to give it a try on my demo acc
How does this system perform during ranging market? What are your results in pips per week?
  • #4
  • Aug 29, 2008 3:28pm Aug 29, 2008 3:28pm
Quoting colos7
Hey dznmrd looks interesting - I am going to give it a try on my demo acc
How does this system perform during ranging market? What are your results in pips per week?
Hi,

Currently im testing it with a few pairs and its able to give me 50pips a day v easily, im going to test it next week again before i start running it on live trading.

BTW, next week is the great NFP week , so i want to go v easy with trading in the next week.

Ranging market : hmm i havent thought of a solution yet, maybe you could help out
  • #5
  • Aug 29, 2008 3:31pm Aug 29, 2008 3:31pm
Quoting Heino
Hi,
nice System, but I see a problem with it, the SnakeBorders Indikator is a indicator that always change its drwaing picture for more then 4-8 bars in the past, did you know this, I think you must, put it just on a chart and let it run in the tester then you see what I mean.
Hi,

I do not know about the repaints on the 1minute, 5minute and 15minute charts, but on the 1hour chart, it doesn't repaint much and as stated on my 1st post, you must use the "CANDLE TIME" indicator and wait on the candle/bar to close and confirm the color.
  • #6
  • Aug 29, 2008 3:57pm Aug 29, 2008 3:57pm
Quoting dznmrd
Hi,

I do not know about the repaints on the 1minute, 5minute and 15minute charts, but on the 1hour chart, it doesn't repaint much and as stated on my 1st post, you must use the "CANDLE TIME" indicator and wait on the candle/bar to close and confirm the color.
Here is a example picture from 1h chart GBPUSD then you can see what I mean
Attached Image (click to enlarge)
Click to Enlarge Name: beispiel.jpg Size: 138 KB
  • #7
  • Aug 29, 2008 6:20pm Aug 29, 2008 6:20pm
That snake repaints at least 5 bars in the past
  • #8
  • Aug 29, 2008 6:25pm Aug 29, 2008 6:25pm
In fact have you actually traded this system in real time (live) and for how long?
  • #9
  • Aug 29, 2008 6:28pm Aug 29, 2008 6:28pm
the system never give the pips..... the market does!

the market will trounce all over your little indicator system (which you haven't even mastered yourself yet)

i wonder.... because you look for 2 out of 5.... what happens when 3 say bull and 2 say bear? etc etc.... standard "majority rules" theory but i don't like it.

good luck trading this thing! (negative comments should be viewed constructively)

Quoting dznmrd
Hi,

Currently im testing it with a few pairs and its able to give me 50pips a day v easily, im going to test it next week again before i start running it on live trading.
  • #10
  • Aug 29, 2008 7:19pm Aug 29, 2008 7:19pm
Quoting tdion
the market will trounce all over your little indicator system (which you haven't even mastered yourself yet)
I agree, indicators, are not usefull as a way to gain consistent profit. Why are they continually presented this way when we know this is the truth? They offer only information about the past and have no predictive ability. I like to use them as a signal provider but then it is upto me to use all the information at hand, technical and fundamental, to make an assessment of the context in which that signal was generated. I can then make a very loose assesment of the probability of success or failure to base my decision on. Its hard work but unavoidable. No group of indicators can do it for you. Your system has a snowflakes chance if relied on in isolation. However, if your up for a little extra effort, you may be able to turn a profit from the signals generated from your system. Just dont add anymore indicators!
BTC Return This Year: na
  • #11
  • Aug 30, 2008 2:04am Aug 30, 2008 2:04am
Here is a backtest result from your holy grail, with the exat rules that you said, like you see dont work, have a nice day!
Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 24 KB
  • #12
  • Aug 30, 2008 10:03am Aug 30, 2008 10:03am
Hi Guys,

I know the fuss is all about the Snakeforce indicator repaints, But as i have stated on my 1st post.


1, Im using the LSMA indicator too, to confirm and only if LSMA and Snakeforce match i will do the entry.

2. I have clearly stated that you work on a demo(Which im doing) and if you see the 50pips+ results im seeing and if your confident enought after thourougly testing, ONLY THEN WORK LIVE ON THIS METHOD.

3, I have clearly stated that im not 100% accurate but hey! if 8/10 trades are successfull and winners then its a good ratio.

4, I just took the time to share with you a dirt simple method thats worked for me since 2-3 weeks on demo and i felt that i should share it with you, EVEN if you have science fiction methods/indicators. Im only wishing people who think forex is a simple and want to work simple methods,

5, Any strategy that make uses of indicators are a bit ameteurish, but if they can generate the success, Then who cares... we all want the maximum pips

And my wish is that you can make a maximum pips, or else im not a fool to post something that cannot make pips .

I just wanted to share with you what i have and that works, PLEASE ONLY TRY AND TEST on DEMO before you make ur decisions to go live,

Next week is a screwy NFP weeks and i wish you guys stay scaled down with trading cuz theres no way to know the "Unforceen consequesnces"'

And belive me myfriend in forex the more friend you have the more success you will get,

And my goal is to share and to get as many freiends so we can make it big and fullfill our success goals (Whateve they may be)

And we see the success in this industry like most pro trades do
  • #13
  • Aug 30, 2008 11:23am Aug 30, 2008 11:23am
Quoting dznmrd

And belive me myfriend in forex the more friend you have the more success you will get,

And my goal is to share and to get as many freiends so we can make it big and fullfill our success goals (Whateve they may be)

The best way is to have a plan and work like this plan and dont loose to much time with forex friends and there ideas, because then at the end you dont know selft what is right way if you always look what other makes.

For normale life of course friends are good but money and friends are always problem.
  • #14
  • Sep 8, 2008 4:24am Sep 8, 2008 4:24am
Hi dz, do u know what sharing in the first place is something cos not everybody can do this.U have said this ''I called it "The Unholy Grail System" cuz seems to be unholy for your broker hehehe, Also please correct me if im wrong anywhere, please remember im human and not an Android/EA to be 100% right or accurate in my system. Please try this only after you have tested it on demo, it could be risky (embaressed) Enjoy and wish you all great success, Any help to improve this is more than appreciated! ''. So y are people still want to rubbish your system. If they it can't work then they should leave and look else where. Continue to post charts and results and let see how successful u come with. Thanks. Nerry.
  • #15
  • Sep 21, 2008 4:47pm Sep 21, 2008 4:47pm
Quoting NerryE
Hi dz, do u know what sharing in the first place is something cos not everybody can do this.U have said this ''I called it "The Unholy Grail System" cuz seems to be unholy for your broker hehehe, Also please correct me if im wrong anywhere, please remember im human and not an Android/EA to be 100% right or accurate in my system. Please try this only after you have tested it on demo, it could be risky (embaressed) Enjoy and wish you all great success, Any help to improve this is more than appreciated! ''. So y are people still want to rubbish your system. If they it can't work then they should leave and look else where. Continue to post charts and results and let see how successful u come with. Thanks. Nerry.
Update
-------------
Quoting Heino
Hello,

I have build a EA that uses the Snake Force and the Slope Direction indicator.

If both indicators show in the same direction a Order will be place.

I hope to find here some people that can and want to work with me together to find profitable settings.

If some one had good ideas for filter and other rules I can put them in the EA.

It is a trend strategie normaly and in range market we have loose.

In the download there is the EA, a template and the indicators, please put the indicators by testing on the chart, the template is for that, because the indicators send infos with global variables to the EA prgramm.

Regards
Heino

Update: new EA version!
  • #16
  • Sep 22, 2008 1:17pm Sep 22, 2008 1:17pm
hello dznmrd, maybe you are the one that can work with me together to make this EA profitabel like you see it is the same strategy like you call here holy grail...the EA trades like yours rules the slope indicator is same as the lsma indicator at the end.

have you test my EA how is it? And what do you say about it.
  • #17
  • Nov 28, 2008 2:23am Nov 28, 2008 2:23am
Actually I think your system is quite good. But as for any system, it's mainly the trader using it that makes it profitable or not. This being said, SnakeForce was created, as its author stated, "for scalping on M1", because it's a real-time average price force indi. Who cares if it repaints, as long as the entry it gives is good; I don't care what happened before, if I'm in a good trade.
I use it myself for entries, with Trend Continuation (which I find is very good detecting exhaustion) for exits. I'll now test with LSMA to see if entries are more accurate (although they're quite good already).
  • #18
  • Sep 26, 2010 1:55am Sep 26, 2010 1:55am
Finally, can someone tell us if the system is profitable or not?
  • #19
  • Last Post: Sep 26, 2010 3:17am Sep 26, 2010 3:17am
no its not special or different then all other systems.
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