Grail
Indicator Strategy is a trend momentum price action strategy trend
reversal. The purpose of this strategy is to identify the overbought
and oversold areas on the chart through a channel of triangular
moving average (TMA). When the price comes from the lower band one is
in a situation of oversold, when the price exits from the upper band
one is in a probable situation of overbought. Then you enter the
market when the conditions begin: a RSI 21 periods (blue line)
crosses the smoothed RSI lines up / down and a green / red bar is
drawn in the histogram, the buy / sell arrrow of Super Signal beast
appears and a green / red dot of the 'Non Lag indicator To make a
purchase / sale after the price has gone out of the channels it is
sufficient that two of the previous conditions occur.
Time
frame 15 min or higher, best time frame 60 min , 240 min or daily.
Currency
pairs: major, minor and Commodities.
Metatrader
4 indicators for build the template
Next
Move Indicator (0.8, 2.0, 19, 33, 610, 1).
Grail
Indicator mq4 default setting.
Non
Lag dot Ma indicator mq4 (30 period).
Beast
super signal (60, 5,3, Stochastic 7, OS 30- OB 70).
Price
border (TMA) half length 72, ATR multiplier 3.0, ATR period 110.
RSI
Signal indicator mq4 ( RSI 1 period 14, RSI 2 period 7, RSI 3 period
21).
Trading
rules Grail Indicator Strategy
Buy
Necessary
conditions.
Price
goes out or closes below the lower channel of the TMA.
A
red circle of Grail indicator appears.
conditions
for entry timng
A
Beast Super Signal buy arrow appears
RSI
21 periods crosses the smoothed RSI lines upwards and a green bar
appears in the RSI histogram.
Not
lag dot MA green dot.
To
enter buy two of these last conditions are required.
Other
conditions: Price breaks upward trend line (optional)
Next
move line pointing upward.
Initial
stop loss below the red circle.
Profit
target options: stop loss ratio 1: 1.18, to the opposite arrow, or n
.. pips before the upper channel.
Sell
Necessary
conditions.
Price
goes out or closes above the lower channel of the TMA.
A
red circle of Grail indicator appears.
conditions
for entry timng
a
Beast Super Signal sell arrow appears
RSI
21 periods crosses the smoothed RSI lines downwards and a red bar
appears in the RSI histogram.
Not
lag dot MA red dot.
To
enter sell two of these last conditions are required.
Other
conditions: Price breaks downward trend line (optional)
Next
move line pointing downward.
Initial
stop loss above the red circle.
Profit
target options: stop loss ratio 1: 1.18, to the opposite arrow, or n
.. pips before the lower channel.
Examples
of trades with Grail Indicator Strategy.
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