Forex Holy Grail v1.7 Indicator Source Code MQ4 is a technical trading tool that follows the Holy Grail trading strategy. It analyzes the financial market and provides buy/sell signals based on a synergy of the Exponential Moving Average (EMA) and the Average Directional Movement Index (ADX). When the ADX is above 30 (indicating a strong trend) and the price touches and rejects at the EMA (acting as a support/resistance zone), the indicator triggers a buy/sell entry. It’s a user-friendly tool suitable for both novice and experienced forex traders, emphasizing synergy with other technical tools or price action.
Overview
The Forex Holy Grail Indicator MT4 is a technical trading tool designed to identify buy and sell signals based on the Holy Grail trading strategy. It provides valuable insights for traders aiming to optimize their trading decisions.
Key Features:
- Strategy: The indicator relies on a synergy of two essential components:
- Exponential Moving Average (EMA): Acts as a support/resistance zone.
- Average Directional Movement Index (ADX): Determines trend strength.
- Signal Generation: The indicator paints buy/sell arrows on the chart when specific conditions are met.
- User-Friendly: Suitable for both novice and experienced traders.
Trading Strategy
- Buy Signal:
- ADX above 30: Indicates a strong trend.
- Price touches and rejects at the EMA: This confirms a potential buy entry.
- The buy signal arrow appears on the chart.
- Sell Signal:
- ADX above 30: Strong bearish trend.
- Price touches and rejects at the EMA: Potential sell entry.
- The sell signal arrow is displayed.
Optimal Trading Conditions
- Currency Pairs: The indicator can be applied to any currency pair.
- Timeframe: Works well across various timeframes (e.g., M15, H1, H4).
- Minimum Deposit: No specific minimum deposit required; suitable for traders with varying capital levels.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
What’s in the package?
Indicators:
- Forex Holy Grail 1.7 Indicator MQ4.mq4
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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