Grail indicator forex no repaint

Grail indicator forex no repaint

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Its Holy Grail 1.6 Indicator for MetaTrader 4 is a technical trading tool designed to study the financial market and then display the buy/sell signal based on the Holy Grail trading strategy. The Holy Grail strategy is based on the synergy between the two indicators Exponential Moving Average (EMA) and Average Directional Movement Index (ADX) to determine the strength of the trend as well as a suitable entry zone for trading.

How does the Holy Grail indicator work?

As mentioned above, the indicator is linked to the ADX in conjunction with the ADX and the EMA. The requirements for buy and sell signals state that the ADX must be at or above the 30 level (indicating a significant trend) and that the price must be in contact with and reject the EMA (which serves as a resistance/support zone) to create a buy/sell entry and vice versa.

Another difference is that the ADX and EMA are not displayed when you look at the MT4 chart. Instead, a buy/sell signal arrow is drawn when it is determined that the Holy Grail trading conditions are met. This makes the indicator a user-friendly technology that can be suitable for both advanced and novice forex traders.

However, it is important to mention that the indicator should not be used alone, but in conjunction with the price action or in conjunction with other technical trading tools.

How to trade with the Holy Grail 1.6 indicator

Grail indicator forex no repaint

“The “SELL” annotation indicates that the indicator has detected an extreme bearish trend. This means that all buy signals are ignored, while sell signals are taken into account. In addition, the highlighted sell signal was considered valid and the best entry point as it was in line with the price trend (bearish rising candle).

Conclusion

The Holy Grail 1.6 Indicator For MT4 is an indicator for trading the financial markets that builds on the Holy Grail strategy and can be used by scalpers, day/intraday as well as swing traders. It’s also available for download free of charge.

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