Forexgrail excel indicator | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 to Excel through Excel RTD (Finally!) 612 replies

Indicator to draw lines from excel csv into MT4 1 reply

Pip change indicator on Excel for timing entries near pivots 0 replies

Converting an Excel equation into an MT4 indicator 0 replies

Output Indicator from MT4 to Excel 0 replies

Attachments: Forexgrail excel indicator
Exit Attachments

Forexgrail excel indicator

  • #21
  • Dec 2, 2009 5:06pm Dec 2, 2009 5:06pm
for those who uses micro account they should add 'm' in excel cell after ERUUSD,so it should be =MT4|HIGH!EURUSDm in order to get updates from DDE
  • #22
  • Dec 2, 2009 8:20pm Dec 2, 2009 8:20pm
This is the current situation of the contract I picked up last night
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1.gif Size: 32 KB
  • #23
  • Dec 2, 2009 8:45pm Dec 2, 2009 8:45pm
Quoting harigp
This is the current situation of the contract I picked up last night
I read the file and understand the concept. Now can you please explain how to place orders using this file?

Please correct me if I am wrong:

If the Excel sheet shows AUD and GBP as strong and JPY and USD as weak, is it safe to put a trade LONG AUDUSD, LONG GBPUSD & LONG GBPJPY?

thx
  • #24
  • Dec 2, 2009 8:55pm Dec 2, 2009 8:55pm
hi puks

Yes you are correct that is how i selected the contract. Now all the currencies are netural position as per sheet

Needs more brain storming section in selecting contracts
  • #25
  • Dec 2, 2009 9:17pm Dec 2, 2009 9:17pm
Quoting puks
I read the file and understand the concept. Now can you please explain how to place orders using this file?

Please correct me if I am wrong:

If the Excel sheet shows AUD and GBP as strong and JPY and USD as weak, is it safe to put a trade LONG AUDUSD, LONG GBPUSD & LONG GBPJPY?

thx
That makes sense to me.

Trade the strong against the weak.

I am yet to get this going, but that seems intuitively the best option.

Still cant get it to work!
  • #26
  • Dec 2, 2009 11:16pm Dec 2, 2009 11:16pm
Quoting harigp
I found out this Indicator thorugh Internet search. It is called Forexgrail
It is a spread Sheet.

How to use this indicator

Copy to Meta trader...
where did you find this?
  • #27
  • Dec 2, 2009 11:32pm Dec 2, 2009 11:32pm
I was searching the internet to see any indicator for trend strength and it has lead to the wonderful spreadsheet

Like to mention I had a quick sclap on GJ for 12 pip

GBP was showing high and JPY as weak. if you look into the bid ratio which is BID Minus Low was at 86% shows GBP was overbought. Went for
short

Will develop some trading startegey with the spread sheet
  • #28
  • Dec 2, 2009 11:38pm Dec 2, 2009 11:38pm
Quoting harigp
...Will develop some trading startegey with the spread sheet
...

hi,this is a good idea,because its dificult to understand or use it for many of us,i have tried both way,i have attached it as an indi and i have saved the file on desktop to load it from there,no success,it shows always #value,i dont know whats wrong,anyway thanks for sharing!
Money is made by sitting, not trading. Jesse L. Livermore
  • #29
  • Dec 2, 2009 11:45pm Dec 2, 2009 11:45pm
if the internet is slow the data may not come to the spread sheet you may have to close eveything out and restart again. It happend to me today morning

Will develop a startegey for

sclaping, Intraday, long trade

cross check the bid ratio with any one currency pair by using the normal support and resistence level you will get a feel of the market direction for trade
  • #30
  • Dec 3, 2009 12:03am Dec 3, 2009 12:03am
Maybe someone will find this indicator easier to use.
Above 0 = strong; below 0 = weak.
In the attached chart, the bold silver and yellow lines represent GBP and JPY respectively. If you hoover your mouse over each line you will be able to tell which currency it represents.

Regards,
Matsu
Attached Image
Attached File(s)
File Type: mq4 RelStrength.mq4   5 KB | 1,492 downloads
  • #31
  • Dec 3, 2009 12:58am Dec 3, 2009 12:58am
Quoting Matsu
Maybe someone will find this indicator easier to use.
Above 0 = strong; below 0 = weak.
In the attached chart, the bold silver and yellow lines represent GBP and JPY respectively. If you hoover your mouse over each line you will be able to tell which currency it represents.

Regards,
Matsu
Hi Matsu

Thanks for the indy. Do you or anyone know how to change vs currency to another ie, from USD to EUR or another.

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #32
  • Dec 3, 2009 6:39am Dec 3, 2009 6:39am
Quoting Matsu
Maybe someone will find this indicator easier to use.
Above 0 = strong; below 0 = weak.
In the attached chart, the bold silver and yellow lines represent GBP and JPY respectively. If you hoover your mouse over each line you will be able to tell which currency it represents.

Regards,
Matsu
When I put the mouse over the line, nothing appears.
  • #33
  • Dec 3, 2009 6:43am Dec 3, 2009 6:43am
Quoting harigp
if the internet is slow the data may not come to the spread sheet you may have to close eveything out and restart again. It happend to me today morning

Will develop a startegey for

sclaping, Intraday, long trade

cross check the bid ratio with any one currency pair by using the normal support and resistence level you will get a feel of the market direction for trade
It's very interesting.
Give us more
  • #34
  • Dec 3, 2009 7:34am Dec 3, 2009 7:34am
intresting to see if you can develop an strategy on this harigp.

Matsu if your indicator are as good as harigps or better then i think that one is eyser to use.


best regards
  • #35
  • Dec 3, 2009 7:44am Dec 3, 2009 7:44am
any idea how to get it to work in officeorg3? It reads excel and many other things and it free if you don't have excel
  • #36
  • Dec 3, 2009 7:48am Dec 3, 2009 7:48am
Yeah this a good tool, I think one still needs to figure out how to use this in conjuction with a system for optimal entries. What I mean is for example, Euro may be very strong against the Yen, but you dont want to be buying at the top. You want to be buying the dips, which means Yen is getting stronger. So I would say better to buy when a currency is rising and not when it shows it as being strong. I hope I'm explaining myself correctly and not confusing anyone.

Also, there are tabs on the bottom of the excel file which provide a more visual currency strength. Pretty cool tool though, thanks.

I think you can also get a complete program based on this, its called 4xpilot. If you visit the forexgrail website its on there to purchase but I think if you look hard enough it can be found for free. I'll have time to dig around later and if I get it I'll share it on here.
  • #37
  • Dec 3, 2009 8:20am Dec 3, 2009 8:20am
How about using the spreadsheet to find the weakest strongest, and use trendlines as entry and exits?

Find out which are trending best, so If I have a strong GBP against a weak JPY will be looking for longs, however using support and resistance as entry and exit?

Just thought...

Oz
  • #38
  • Edited 9:28am Dec 3, 2009 9:05am | Edited 9:28am
Quoting Matsu
Maybe someone will find this indicator easier to use.
Above 0 = strong; below 0 = weak.
In the attached chart, the bold silver and yellow lines represent GBP and JPY respectively. If you hoover your mouse over each line you will be able to tell which currency it represents.

Regards,
Matsu

Installed indy nothing is showing only 0.00 level line and nothing else

on 1H TF like you displayed, No Errors in "Journal" too, any idea why?

Thanks

PS Ohh well I have "zero divide" error in "Experts tab"

I've tried on Interbank too, same error. This Indy doesn't work on 4-digit brokers..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #39
  • Dec 3, 2009 10:14am Dec 3, 2009 10:14am
None of the files works..

Forexgrail running without data Everything enabled in MT4,

but still no data is in that *.xsl file, just empty values

And RelStrength Indy have "zero divide" error. Something wrong with coding

there.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #40
  • Dec 3, 2009 10:19am Dec 3, 2009 10:19am
SkyzerFX
what is your deciminal delimiter point or comma .
Must be point.
maybe this helps
it's o'k to win ...
0 traders viewing now