Nihilist “Holy Grail” trading strategy for Forex and other markets

Last week we published a trading system called Nihilist , which was designed to trade practically any instrument on long-term time frames, and based on a series of custom indicators for Metatrader 4 (these indicators were in turn created based on in the ADX ).
Now we are going to explain the features of a variation of that trading methodology, known as the Nihilist Holy Grail system, which was created to trade on shorter time frames, specifically 30 minutes, 1 hour and 4 hours, so it is more suitable. for day traders.
The original Nihilist Strategy is designed for 4-hour, 1-day and 1-week time frames, making it ideal for traders who prefer longer-term trading and have the patience to wait for entry signals. to the market. For traders who are not particularly patient, the Nihilist Holy Grail system is more suitable.
As always, before using it to trade with a real account, it is recommended to test it on a demo account.

Nihilist «Holy Grail» System Rules

The system is mainly recommended for trading on 30 minute, 1 hour and 4 hour time frames. For the first two time frames, the system produces the best results during the London session.
The 4-hour time frame produces good results in any period, however it is not recommended to enter the market in the period between the first and the third candlestick. It is also not recommended to enter the market in the last two candles of the week.

Long positions

The HolyGrail indicator must be sea green or lime after the candlestick closes (If the previous bars were lime, then the next bar must be lime for the entry to be valid, not sea green).
In the ADX indicator window corresponding to the trade-specific timeframe, there should be no red boxes and at least one/two lime-colored boxes after the close of the candlestick. More lime colored boxes on the vertical line from the top to the bottom box (from period 7 to period 144) represent stronger bullish momentum
In the Nihilist Ultra ADX Dash Mtf, all lower time frames should be lime, from the 1 minute time frame to the current time frame being monitored, to have the best entry.
The Kijun Sen should show an upward move.
The candle should close above the Kijun Sen, preferably the entire candle should be above the Kijun Sen.
Short positions
The HolyGrail indicator should be pink or red after the candlestick closes (If the previous bars were red, then the next bar should be red for the entry to be valid, not pink).
In the ADX indicator window corresponding to the trade-specific timeframe, there should be no lime boxes and at least one/two red boxes after the close of the candlestick. More red boxes on the vertical line from the top to the bottom box (from period 7 to period 144) represent a stronger bearish momentum
In the Nihilist Ultra ADX Dash Mtf, all lower time frames should be red, from the 1 minute time frame to the current time frame being monitored, to have the best entry.
The Kijun Sen should show a bearish move.
The candle should close below the Kijun Sen, preferably the entire candle should be below the Kijun Sen.
If a trader follows the daily trend in their intraday trades, their account will see profits over time.

Take Profit

For taking profit in the Nihilist HolyGrail trading system the following rules must be applied:
The position should be closed if the system produces the opposite signal indicating that the market is about to change direction.
The indicator based on the ADX should show the following signals:

Buy Positions: All boxes should turn red, signifying a change in momentum from bullish to bearish.
Sell Positions: All boxes should turn green, signifying a change in momentum from bearish to bullish.

Close the position when the price reaches a fixed take profit target such as 30/50/100/200/300 pips or more (depending on the specific time frame and volatility of the traded pair).
Close the position if the price reaches an important support/resistance area.

Stop loss for long position

The stop loss can be placed on the last flat area of the Kijun Sen indicator below the signal candle, minus the spread and minus 4/5 pips.
If it is impossible to find the flat area under the signal candlestick, or it is too close to the current price, then we use the last low of the move, minus the spread and minus 4/5 pips.
If the last low of the move is too far from the entry point, a fixed stop loss of 30/50/70/80/100 pips is recommended, depending on the specific volatility of the pair we are trading.

Stop loss for short position

The stop loss can be placed on the last flat area of the Kijun Sen indicator above the signal candlestick, plus the spread and plus 4/5 pips.
If it is impossible to find the flat area above the signal candlestick, or it is too close to the current price, then we use the last high of the move, plus the spread and plus 4/5 pips.
If the last high of the move is too far from the entry point, a fixed stop loss of 30/50/70/80/100 pips is recommended, depending on the specific volatility of the pair we are trading.

Conclusion

Do not open positions in the nihilist HolyGrail system when:

The HolyGrail indicator is gray.
The ADX shows that the momentum in the market is weak or that there is no momentum.
The Kijun Sen shows a flat movement (no bullish or bearish direction).

https://preview.redd.it/hmymfrqj5zq91.png?width=800&format=png&auto=webp&s=ee62eea1d0fe9c00213f0db43d70539811f5ce1a
The image above shows the template with all the custom indicators of the system. You can download the set of indicators and the template for Metatrader 4 at the following link:
-Custom Nihilist Holygrail System Indicators for Metatrader 4
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Nihilist “Holy Grail” trading strategy for Forex and other markets

Nihilist «Holy Grail» System Rules

Long positions

Take Profit

Stop loss for long position

Stop loss for short position

Conclusion

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