Grail Trend Indicator

[Patrick Barks]

Found a good indicator but i dont want to trade it on manual as it will take forever to wait for signals, still looking for an EA

 

Use on 1HR charts

 

No repaint

 

http://i.imgur.com/1IFLU.jpg

 

http://www.mediafire.com/?a9lhden3ksoj568

[Patrick Barks]

Without trying to beg, if someone made a simple EA for this it would be appreciated. I cant seem to find anything on the web about it.

 

Buy on the close of the BLUE signal, close and sell on the bar of the Yellow signal.

 

Up to you

 

EDIT: Or simply add SL and TP profit values for the user to decides his own settings

Edited October 14, 2012 by Patrick Barks

[hermes]

Shows pullbacks! Next dot (up/down) after horizontal dots pullback ...... entry! It should work on 15 and 30M also? If not than wait one hour, no big deal.

Hermes

[Patrick Barks]

From what i realise the levels do not difffer from time frame. If you check through your times you will see that the blue and yellow dots dont change. I havent tested this manually like i say, im to impatient for that :)

 

This will work on any time frame im sure

[ForexMike]

Great posting Patrick...please keep up with the shares buddy

[iwjw]

I ran the indi with my tool for 2012 on H1 and it's about breakeven for the year. So I wouldn't be interested to built an EA around it.

Same problem as all trendfollower I know are ranging markets that drain your profits

Still missing the grail part

 

http://i.imgur.com/GMqrI.gif

 

 

Complete graph at //i.imgur.com/GMqrI.gif

Edited October 14, 2012 by iwjw

[Patrick Barks]

Thanks for that, sure cleared up any speculation around it.

[iwjw]

But I'm not done with the indi yet

I'm looking at it a little bit differently for it's use as an breakout indicator

We sometimes get areas where the dots are in a row with only slightly different values....consolidation

Maybe a breakout of this areas is profitably tradable

[Patrick Barks]

But I'm not done with the indi yet

I'm looking at it a little bit differently for it's use as an breakout indicator

We sometimes get areas where the dots are in a row with only slightly different values....consolidation

Maybe a breakout of this areas is profitably tradable

 

Good luck, let us know your findings.

 

Im focusing testing a tool "currency strength meter" at the moment

[hermes]

You have to back up it with other indicators to get confluence. As a breakout and flat trend indy it could work.

Hermes

[lll]

in flat grail you fail

[hermes]

It is enhanced SAR, never use SAR alone! SAR is good for trail stop losses.

Hermes

[FXWallabie]

It´s similar to ASC Trend. Both they have bad results in backtestings.