Hi guys and girls, ive thought that because BabyPips was one of my biggest source of knowledge along with other sites and mainly books, in the world of forex, and because i've learned at least 30% of my total forex knowledge from the BP School, i've thought to pay back all this much information in form of a system that i've put together in the last few weeks.This system that im going to share with you is only one of my many good systems,so you can view this system as my thanks for the BP community from where i’ve learned alot.
So let’s start!
NEW VERSION OF THE SYSTEM (V4) IS AT PAGE 8 SINCE IT WOULD NOT LET ME UPLOAD IT HERE!!
INTRO:
The system is named Holy Grail because it’s one of my strategies/systems that i’ve tested on a demo account and worked very well.It’s very very simple to use and to learn that even my dog could trade with it.So i’ve build an EA on it, and it had bad results because the system is based on FRACTALS,which means that it LAGGS a bit, precisely 1 candle after the sign (not 3 like in the Chaos Theory, so it’s better than Bill Williams 
), which i think it’s not that bad.
BASIS OF THE SYSTEM:
The system is like I said based on FRACTALS, but custom modified ones not like the ones used by the Bill Williams theory.A fractal is basically a measurement of BULLISH/BEARISH sentiment changes.The indicator looks back x number of periods (which can be customly set) and checks trend reversals from BULL to BEAR by comparing the last 1 candle to the previous x number of candles.It’s pretty simple ey?, and also i`ve modified a few more criterias when to signal the reversals.And when a reversal will happen in the momentum, then a RED/GREEN arrow will signal tradeable situations.
HOW TO TRADE THE SYSTEM:
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[li]Timeframe: I recommend atleast M15 , because of spread and low volume ,to not get caught in a consolidation, but because the system is fractal based, theoretically works on any timeframe. [/li][li]Pairs: I only used it on EUR/USD , USD/CHF,GBP/USD and USD/JPY because i care for the low spread, as I said earlier it doesnt matter if the pair is trending or ranging because fractals are compatible with everything.But because low spread pairs are cheaper to enter i recommend those listed above. [/li][/ul]
[ul]
[li]BUY entry signal: When a green arrow appears below the price [/li][li]SELL entry signal: When a red arrow appears above the price [/li][/ul]
[ul]
[li]BUY manual EXIT signal: When a red arrow appears above the price [/li][li]SELL manual EXIT signal: When a green arrow appears below the price [/li][/ul]
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[li]STOPLOSS: ~10-15 PIPS (100-150 on 5 digit broker) on the M15 timeframe, if you go higher then use wider ones depending on the pair [/li][li]TAKEPROFIT: Not really needed since you exit on the opposite signals, but if you use some advanced Money Management tehnique then you should use traling stop instead of TP, because it’s more flexible. [/li][/ul]
You should trade like in this picture is illustrated!
CONFIGURATION OF VARIABLES:
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[li]MAIN_PERIOD = Number of bars to check for momentum reversals [/li][li]ADX_PERIOD = Period of the ADX indicator to filter the consolidations [/li][li]MINBARS = Number of bars’s reversals to be shown in the chart,this does affect the indicator’s accuracy,the more bars, the more accurate is the indicator [/li][li]GRAPHICAL_USER_INTERFACE = Do you want additional trade info to be shown on your chart or not? [/li][li]SOUND_ALERT = Do you want a sound alert when a trade entry signal appears? [/li][li]EMAIL_NOTIFICATION= Do you want e-mail notification? [/li][li]SMS_NOTIFICATION= Do you want SMS notification to your phone? [/li][li]Note, the indicator will only send this notification if you have configured notifications in MT4 options and have and MT4 ID linked with your phone/e-mail adress, if not then it won’t work and should be leaved to false. [/li][/ul]
[ul]
[li]I would recommend to leave everything on default if you are new, or use it on M15 
[/li][/ul]
INSTALATION:
Just put the HOLY GRAIL.ex4 file in the folder named Indicators, MetaTrader\experts\indicators ,then put the indicator on your chart,and you are good to go! And put the template holy grail template.tpl in MetaTrader\experts emplates, and load the template.The template file is optional, but the indicator is required.
ATTENTION!
I AM NOT RESPONSIBLE FOR ANY FINANCIAL,MATERIAL, OR ANY OTHER TYPE OF LOSS OCCURING BY USING MY SYSTEM AND INDICATOR! IT IS RECOMMENDED TO ONLY USE IT ON DEMO ACCOUNT UNTIL YOU GET TO KNOW IT, AND THEN IF YOU WANT YOU CAN USE IT ON REAL BUT ON YOUR OWN RISK!
Good Luck! And Post here if you found better settings of the indicator than the default, or if you found better entry exit points! You can combine it with other indicators also but this is the “naked” system!
HOLY GRAIL SYSTEM v1.6.zip (9.44 KB)
