For Those Looking for the "Grail"

Hello fellow traders,

First let me share with you a bit of my background then some valuable information.

I am known online as Pip, I have been trading since 2000. I have traded stocks, options, futures, metals, indices, and forex. I have developed and co-developed many tools online, some are free and some are otherwise.

When I first started trading I too was looking for the "Holy Grail" of trading. A system that was simple to follow and made me a lot of money. I spent a significant amount of time searching for that grail. I downloaded indicators, EA's, studied trading books from the simple to the most exotic. During my journey I become very talented in technical analysis but i found that the more i knew money wasn't coming.

I finally realized that winning in trading is not about technicalities but rather about something that only 2% of traders understand and follow. Am sure the first question that came to your mind right now is - "what is that something that only 2% of traders understand?"

The answer is - understanding how the market works!

No, I am not talking about how the market is regulated or how to calculate point value, etc. I am talking about understanding how the markets operate as a business for those that operate it.

Here are some question for you to gauge your understanding of the market. If you can answer these questions I guarantee you that you are closer to succeed in trading than you think.

1) What makes price go up or down?
2) How does price go up or down?
3) Who makes price go up or down?
4) What are the tools used to move the market?
5) What do the candle patterns mean?
6) What do the price patterns mean?
7) What is the market structure?
8) What are the two types of markets?
9) How to identify the type of market you are trading in?
10)Is it possible to forecast the market?

These question are nothing but the scratch of the surface to the type of knowledge you need to have. No indicator or EA will come close to explaining things. Any strategy that does not take into account the true nature of the market will fail 100%

So, instead of spending your time looking for the next best tool, start looking for answers to these questions then start identifying tools that will help you harness that new information.

To your success,
Pip

The Holy Grail of Forex Trading Finally Revealed

I'm sure the subject line of this video raised a few eyebrows! But let me ask you a question: If you looked at some of the most consistently successful traders in history -- people who have made incredible amounts of money over and over -- would you consider them to have found the Holy Grail? Would it help you to know their "big secret"?

The answer should be obvious, but here's the problem: "knowing" is one thing, "doing" is quite another. This video may offer you some contrasts that will help you in clearing obstacles that could be inhibiting your progress.

Just found on the other forum - "Grail" discovered!

I found this EA in mql4 CodeBase. Author named it the following: On the way to "Grail". Link to download is here.

I like expert advisors from FreshForex most of all. All of them are based on MT4, some of them are for free. If you don't trade with this broker yet, now it's a great opportunity to try it, because it has a new welcome no deposit bonus $1000 now.

Originally Posted by newdigital

Just found on the other forum - "Grail" discovered! This thread

The link for this thead.... is a dead link unfortunately

Originally Posted by CTGCEO

The link for this thead.... is a dead link unfortunately

Link deleted. Thanks for informing.

My First "Grail"

The word "grail" is now often used among modern programmers ironically. It means for them the impossibility to create a "universal" program for all occasions. As to programming in MQL4, this word means impossibility to create an expert that would give fantastic effects in the real trading.

In reality, forex is the reflection of a complex conglomerate of phenomena - economic and industrial relations, human characters, politics. Moreover, and this is even more important, it cannot be simply formalized. Experienced traders recommend to enter the market only if there are three to five or even more signs indicating the possible trend.

At the same time, the regularities determined by now cannot completely provide a deep basis for market forecasting with high probability of success. The contradictory prognoses made by leading analysts of eminent banks and financial organizations confirm this. All analysts, without any exception, can very well interpret the events that have already happened, but only a few of them can give a sequence of really confident prognoses.

Let us be just towards them: These people do what they can do, most of them have a long trading experience and much knowledge we can envy. However, let us call things by their proper names: practically all of them are often mistaken. They can look big, enjoy more or less popularity, sometimes make a handsome fortune ("gurus" of different kinds are really well described in the Alexander Elder's book titled Trading for a Living: Psychology, Trading Tactics, Money Management), but the fact remains that even experienced analysts are often mistaken.

So, considering these circumstances, what are the chances of a first-time programmer who is just making his or her first steps in trading on Forex? Let us try to retrace the pathway that the beginner goes in his or her quest of the "Grail".


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