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The Holy Grail - Found

  • #841
  • Edited Feb 23, 2013 5:47am Feb 22, 2013 10:01pm | Edited Feb 23, 2013 5:47am
Quoting SunriseTrade
Thank you for sharing, John. I have been trying to find the holy grail for 8+ years now, and I am growing very weary. . . . I am not giving up. I know there is the light at the end of the tunnel, just like you stated so. I will NOT fail. I will not. Shall never give up. . . . I will become a successful Forex trader. . . That inspiration will never die. . .
People have done it, it can work. You will be successful just like these Myfxbook with verified real cash accounts.
http://www.myfxbook.com/members/priv...-trader/487685
http://www.myfxbook.com/members/Nick.../haruea/397496

The brokerage industry is like one big casino with free slot machines (MT4). When you hit a big winner, a big day, a big week, a big month, ..... it will keep you going because it gave hope that you will finally "see the light". 8+ years is nothing, people have been losing for years and still trying. As long as you've won once in your lifetime, you will believe you can win in this game.
No longer trading forex. Looking for full time job.
  • #842
  • Feb 23, 2013 5:33am Feb 23, 2013 5:33am
Quoting JohnW
HOD = High of day
LOD = Low of day
WADR = average daily range for last week
MADR = average daily range for last month
TKC = Tkyo channel
I don't use Doji bars. I do use pin bars.

john, where is the tkyo channel indi ?
  • #843
  • Feb 24, 2013 12:37pm Feb 24, 2013 12:37pm
Some very minor clarifications on the method. When I get communications from thread followers asking good questions, I update accordingly.
Attached File(s)
File Type: doc My Method.doc   26 KB | 2,715 downloads
Chance favors the prepared
  • #844
  • Feb 25, 2013 6:36am Feb 25, 2013 6:36am
JohnW - many thanks for an interesting method.
I did a (very preliminary) backtest on Forextester with 100 trades and got the following result:

0.78 trades per day
win rate 48%
average win/average loss 1.24

Also, the method seems to work best if the first breakout occurs before or at Frankfurt open, and even better if it goes against a nearby support/resistance area.

Altogether, this looks promising so I'll continue testing.
  • #845
  • Feb 26, 2013 2:09am Feb 26, 2013 2:09am
Forgot to mention that I only trade the GBPUSD with this method for now - because of the oftentimes narrow asian range and strong breakout at London open.

John, does your current method work for other pairs too?

Also, do you think that SL and TP should be adapted to changing market volatility (ATR) over time? Daily ATR range of GBPUSD oscillated between 100 and 200 for most of the time in the last 10 years or so with a single spike in 2008/09 (ATR 300-400).

Hope Im not too much of a bother with my questions..
  • #846
  • Oct 25, 2013 11:04am Oct 25, 2013 11:04am
Hi Traders
I missed the GRAIL indicator?, did I?
Can you tell me where to find the indicator. Thanks
  • #847
  • Oct 25, 2013 1:08pm Oct 25, 2013 1:08pm
it is so funny to see a so-called holy grail turned into a breakout/reverse system.

year after year, there's always new ppl entering the same circle cycling.
  • #848
  • Oct 25, 2013 3:25pm Oct 25, 2013 3:25pm
I must speculate that you have the "grail indicator" to be able to see what its all about. So I would appreciate when you lat me know the details.
Thanks
  • #849
  • Oct 26, 2013 6:36am Oct 26, 2013 6:36am
Quote
When I get to the point where I would consider selling something, then I could go to myfxbook. I haven't spent the time to figure out how to get into it and post everything. Maybe by summer. What are the benefits of myfxbook beyond the steady income stream I get from just trading? Do any hedge funds or banks look at it for prospective traders?

In your first post you wrote:


There is only one reason why a vendor/mentor won’t divulge a live account statement.

Now I really wonder why your Trade explorer is not live, so everyone would be able to see (live) that forex is not a scam and that someone can actually earn money consistently and in front of their eyes. I have huge respect for such people as trading is not an easy thing.
  • #850
  • Oct 27, 2013 8:30am Oct 27, 2013 8:30am
Quoting wolfsch
Hi Traders I missed the GRAIL indicator?, did I? Can you tell me where to find the indicator. Thanks


Unfortunately there Is no grail indicator. The indicators I use are available at the "M&W Trading" thread.
Chance favors the prepared
  • #851
  • Oct 27, 2013 8:32am Oct 27, 2013 8:32am
Quoting charvo
it is so funny to see a so-called holy grail turned into a breakout/reverse system. year after year, there's always new ppl entering the same circle cycling.


The simple but often hard fact to grasp is that even a simple moving average crossover system will be profitable in the long run if proper money management is employed. Few have the patience for the long run, though.
Chance favors the prepared
  • #852
  • Oct 28, 2013 10:43am Oct 28, 2013 10:43am
Hello all

I found this thread to be very informitive, and at times very humerous.

JohnW first just want to thank you for giveing your sys freely and I do apriciate this very much.
I have read the whole thread and I also downloaded the word docs. that Johnw provided.

I do have some questions- I am trying to understand the word doc and then compairing that with the explenation that was given by JohnW on his system in this thread.

I have tried hard to understand the sys writen in the word doc. Please John I need some help to understand.
Also Johnw if you are still looking for very seriouse people to mentor on your system -- please let me know for I am very interested in doing so. please PM me or get back to me and I would be very apricitive. I hope to hear form you johnw. Thanks all, for I learn from you all.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #853
  • Nov 1, 2013 8:27am Nov 1, 2013 8:27am
Hi all
I guess this thread is dead. I have not herd from anyone.....
Hay JohnW if you are out there! Just want to thank you for the info on the James16 group.
I just went thrue all the free material at the site and boy have I learned a lot.
this was the best advice I have ever gotten. Anyone not herd of the James16 group- better ck them out.
Thanks again John.... if you are out there.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #854
  • Nov 3, 2013 12:15pm Nov 3, 2013 12:15pm
Quoting iamsovereign
Hi all I guess this thread is dead. I have not herd from anyone..... Hay JohnW if you are out there! Just want to thank you for the info on the James16 group. I just went thrue all the free material at the site and boy have I learned a lot. this was the best advice I have ever gotten. Anyone not herd of the James16 group- better ck them out. Thanks again John.... if you are out there.

You're welcome. Glad I could be of help.
Chance favors the prepared
  • #855
  • Jul 5, 2016 12:34pm Jul 5, 2016 12:34pm
Thanks John for your method, it is much appreciated. Many people are struggling with trend finding. Simple look at the hour chart and ask are my highs higher or are they lower look at the last three days of data. Are their big candles in the data set, if so where do they start, and where does price go up or down?

If you can not see a trend don't trade
Attached Image (click to enlarge)
Click to Enlarge Name: no_trend.png Size: 55 KB


If you cannot see a trend forget it look at another market.

You will need to keep your eye on the bigger picture and you will get caught when the market turns, but simply switch with the market
Attached Image (click to enlarge)
Click to Enlarge Name: trend_change.png Size: 69 KB
  • #856
  • Jul 5, 2016 6:03pm Jul 5, 2016 6:03pm
Quoting Hurst
Thanks John for your method, it is much appreciated. Many people are struggling with trend finding. Simple look at the hour chart and ask are my highs higher or are they lower look at the last three days of data. Are their big candles in the data set, if so where do they start, and where does price go up or down? If you can not see a trend don't trade {image} If you cannot see a trend forget it look at another market. You will need to keep your eye on the bigger picture and you will get caught when the market turns, but simply switch with the market...
3 years to late
(.)(.) think first ...
  • #857
  • Jul 7, 2016 11:02pm Jul 7, 2016 11:02pm
Quoting Hurst
Thanks John for your method, it is much appreciated. Many people are struggling with trend finding. Simple look at the hour chart and ask are my highs higher or are they lower look at the last three days of data. Are their big candles in the data set, if so where do they start, and where does price go up or down? If you can not see a trend don't trade {image} If you cannot see a trend forget it look at another market. You will need to keep your eye on the bigger picture and you will get caught when the market turns, but simply switch with the market...
Thank you dear Hurst for the two great points of determining trend. 1). Making Higher Highs(up trend) and Lower Lows(Down trend) 2). Volume of Candles.

Volume of Candles always been helpful.
Forex; the game of movements not the game of candles.
  • #858
  • Aug 16, 2016 9:23pm Aug 16, 2016 9:23pm
Even though this was posted in 2007, I think it is still really interesting! Thanks for posting this John W. You gave a clear understanding of the trading market. Congratulations!
  • #859
  • Aug 21, 2016 7:08am Aug 21, 2016 7:08am
I have determined that the market is indeed not random, in fact it is predictable at some points. I made the discovery at the end of 2014, carried on researching it in 2015. I first thought it did not work, but realized I was using it incorrectly, I now realise it is the most powerful discovery I ever made and it took me 8 years to discover, and countless hours looking at charts. Its not really that complex, however you will never see it unless you know where to look.

Gann called it the law of vibration and he was right, Gann did not have a computer so I realised that it was not super complex, I know Gann had some 19th century maths, so I reasoned that I could crack it if he could. I sat in front of my computer and looked at the charts and suddenly I could see it. Maybe I have an advantage, I have a photographic memory for faces, but am slightly dyslexic with numbers and I sometimes write backwards without realizing it, b's and d's are a problem for me as well as they look the same.

However, my brain is wired slightly differently and compensates, so this might have given me an edge, that and looking at price charts for 8 hours a day for the past 8 years obviously helped. With the help of a programmer I was able to turn it into an indicator that allowed me to call the top in the DAX last week to the day. The indicator is so sensitive you can predict the lowest or highest close and the lowest or highest bar on a turn to an accuracy of half a bar on what ever time frame you are looking at.

My next step is to use machine learning to drive the input data, which I am doing by hand and eyeball at the moment. I concentrated on time because price discovery is easy if you know the time a market should turn. The points the indicator finds are almost like energy points the market will always react, if you are careful and draw your input points correctly. I cannot predict the energy of the move afterwards, although I can predict the time duration.

I got a lot of flak on the forum for making such bold claims so I started posting charts before the moves happened, still I had my share of trolls so I then started an account to prove a point , in 3 days the account was up 30%. I used a demo account as I want to show the potential of the system without my own fears as a trader upsetting my trading. If you are scared as a trader you will mess with your stops, not hold trades etc. In short I don't want to mess up through my own failings.

Once I have proved that the system is as perfect as could be I will seek to improve it through machine learning and make it autonomous.
  • #860
  • Edited 12:55pm Oct 24, 2016 12:44pm | Edited 12:55pm
Strictly following the last rules (doc file).

Results since 2013. EURUSD M30.

Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester TKC System EA EU M30.gif Size: 8 KB


It is trading all day long. If we select a timefilter with starthour = 6 and endhour = 9 (GMT+0), then we have no signal.
Attached File(s)
File Type: zip StrategyTester TKC System EA EU M30.zip   14 KB | 831 downloads
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