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The CHAMPION Forex Holy Grail arrow indicator is a highly effective indicator without delay and redrawing for ultra-precise trading on any timeframe. The arrow indicator CHAMPION is based on volume spread analysis and VSA method and is designed for ultra-precise trading on any currency pair and timeframe from M1 to W1.submitted by Profinvestments to u/Profinvestments [link] [comments]
Arrow indicator CHAMPION Forex Holy Grail displays signals without delay and redrawing. Signals appear after the current candle closes.
How to install trading indicator:
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Nihilist “Holy Grail” trading strategy for Forex and other marketsLast 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 RulesThe 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.
Take ProfitFor 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:
Close the position if the price reaches an important support/resistance area.
Stop loss for long positionThe 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 positionThe 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.
ConclusionDo not open positions in the nihilist HolyGrail system when:
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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