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Thursday, December 2, 2021

Forex Trading Guide 2021: The “Cup of the Holy Grail” strategy

The essence of the “Chalice of the Holy Grail” strategy is to open positions in the direction of an emerging or already existing trend at the moment of price correction. To determine the strength of the trend, in this case, the standard ADX with a period of 14 and EMA (20) are used.

1) If the ADX index rises above the level of 30, it is necessary to wait for the price correction to the EMA (20), which will be a signal for a possible entry point into the market.

2) You should refrain from opening positions if the trend is close to its completion. This will be signaled by the ADX value above the 50 level.

3) Pay attention with the decreasing volume to the appearing “flags”.

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