OmniTrader Forum - OmniTrader 2007 Technical Support
Holy Grail indicator?

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Deepak

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Subject : Holy Grail indicator?
Posted : 5/20/2007 3:25 PM
Post #12065

Has anyone put in the code into Omnitrader for the Holygrail indicator of Larry Connors and Linda Raschke in Omnitrader?
I would be very interested in the code for that.
Thanks,
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/20/2007 7:29 PM
Post #12066 - In reply to #12065

Hi, Guys!

Here are the trading rules if anyone wants to code it:

1. Identify a new high in existing strong trend with ADX(14) > 30 & rising
2. Identify retracement toward 20 EMA - may be accompanied by turndown in ADX value
3. When price touches 20 EMA, place buy stop above high of previous bar
4. Place protective sell stop below low of recent swing low (below 20 EMA)
5. Close position at or near most recent swing high. (If trend is strong in a higher timeframe, exit 1/2 position and let other half ride. Tighten stop.
6. If stopped out after entry, re-enter trade with a new buy stop at the original entry price.

Reverse rules for short trade.

This is one of my favorite day trading set ups. I trade it almost daily but have to do it manually. I use a 22 EMA but enter trade a few ticks before price reaches the 22 EMA. I am not recommending a change in trading rules, it's just that I use the 22 EMA for other setups including support & resistance and don't want to clutter up my charts more than necessary. The grail trade can be used in any time frame.

Cheers,
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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/20/2007 10:19 PM
Post #12067 - In reply to #12065

Thanks Bill!
That's great it can be used on any time frame!
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/21/2007 1:42 PM
Post #12072 - In reply to #12067

Here is today's Grail Trade in the ER:

My first entry was stopped out for a very small loss. Re-entered per above trading rules, exited 1/2 just before retest of previous high and the rest of the positon 2 ticks below R-1 Pivot. After I got out, the ER kept going right through the R-1 pivot before retracing...

This trade is a consistant winner ~ thus its name. -:) Worthwhile coding if anyone is up to it. I would do it if I had the programming ability.

Cheers,
Attached file : Grail_20070521.png (27KB - 1123 downloads)

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/21/2007 4:38 PM
Post #12077 - In reply to #12065

Excellent! What an indicator!
I will have to find someone who knows how to program this into OT since I would like to use it for swing trading/trend trading stocks.
Thanks,
Deepak

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/23/2007 11:15 AM
Post #12087 - In reply to #12077

Hi guys!

Here is today's Grail Trade

Cheers,
Attached file : Grail_20070523.png (30KB - 1197 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/23/2007 3:32 PM
Post #12088 - In reply to #12087

Hello again!

Here's a second successful Grail Trade for today. This one is on the short side but on the 5 min time frame. The earlier one was on the 2 minute chart.

I won't bore you any more with these trades. -:) I just wanted to let everyone know how plentiful and consistant these trades are!

Cheers to all,
Attached file : Grail_20070523-2.png (23KB - 894 downloads)

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/23/2007 11:51 PM
Post #12089 - In reply to #12065

Hi Bill,
I love seeing these charts and would appreciate seeing more of them! I learn so much from them!
- Deepak

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/24/2007 12:00 AM
Post #12090 - In reply to #12065

Bill,
Do you have any examples of the Holy Grail being applied to stocks? I would really appreciate any examples you have since I swing trade stocks.
Thanks,
Deepak
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/24/2007 6:22 PM
Post #12093 - In reply to #12090

Dee,

Ok, here you go: here's an EOD in progress that fired off a few days ago. The attached chart is posted with a 20 EMA per Linda Raschke's trading rules. It was doing fine until today. -:) It has not yet stopped out, so it could still be successful depending where one wants to put his stop.

Keep in mind that I do not have any scan or system to find these, so I had to poke around for a while to locate it. Hopefully support will hold here and meet the target of the previous swing high around 18.75.

If I looked more, I could probably find a better example. This is the first one I came across. -:) Hope this is what you were looking for.

Cheers,
Attached file : Grail_20070524-EOD.png (24KB - 1024 downloads)

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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 5/24/2007 8:08 PM
Post #12094 - In reply to #12093

Bill:

Thanks for the info.

Is it forbidden to know exactly what stock we are viewing here? No ticker appears anywhere I can see.

Tom Helget
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/24/2007 9:16 PM
Post #12095 - In reply to #12094

Tom,

So sorry. I did a "window capture" not realizing that that part of the necessary screen was being omitted!

The symbol is JDAS

I have attached another partial screen shot which I have captured remotely. That's why the color is a little different.

Thanks for pointing this out!!!

Cheers,
Attached file : Grail_20070524.png (34KB - 852 downloads)

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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 5/25/2007 8:36 AM
Post #12098 - In reply to #12095

Bill:

Thanks, for a moment I thought we were truly on the search for the Holy Grail. I even felt a bit like Lancelot (but am not nearly as handsome). :)


Tom Helget

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/25/2007 11:26 AM
Post #12099 - In reply to #12065

Thanks Bill,
I loved the stock example! It really helps to see the chart in action. If you happen to see any others, it would be great to see them!
- Deepak
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Kris

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Subject : RE: Holy Grail indicator?
Posted : 5/25/2007 1:13 PM
Post #12100 - In reply to #12065

Hi all,

Attached is a simple system that will fire Long signal when the market runs up, briefly dips below EMA(8) and closes above it (shorts are reversed). To get Linda Raschke settings change the EMA(8) parameter to EMA(20).

To complete the strategy I would place " ADX(14) > 30 " in the Filter (block).

Cheers, Kris

Attached file : RetraceSys.txt (1KB - 1215 downloads)
Attached file : Grail.ots (568KB - 1090 downloads)

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RichardL

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Subject : RE: Holy Grail indicator?
Posted : 5/26/2007 11:01 AM
Post #12102 - In reply to #12100

Nice one Kris!, thanks

Richard
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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/26/2007 2:27 PM
Post #12105 - In reply to #12065

Many many Thanks Kris!
- Deepak
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Maciej

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Subject : RE: Holy Grail indicator?
Posted : 5/28/2007 12:42 PM
Post #12107 - In reply to #12065

Thanks Kris
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dandaman69

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Subject : RE: Holy Grail indicator?
Posted : 5/29/2007 5:57 AM
Post #12110 - In reply to #12100

Hi Kris, Thanks for posting that system, the thing is i downloaded it and save it to my Strategies folder in OT 2006, then i went to edit it and it wont let me into it, a Nirvan error message keeps coming up on my screen...? Just wondering can you help...?

Dan,
Dublin.
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Paddy_VA

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Subject : RE: Holy Grail indicator?
Posted : 5/29/2007 2:02 PM
Post #12116 - In reply to #12110

I'm confused too -- am I missing something? After downloading to the Strategies folder, and running OT, I got a message that "contains system not found." Then the next time I ran OT, the Grail Strategy didn't show in the ToDoList Strategies tab. I went exploring, and found that OT had added an extension to grail.ots.ContainsSystemNotFound, so it does not register as OTS file.

So, I downloaded grail.ots again, put it in the Strategies folder, ran OT, clicked on Grail in the Strategies tab, and did the analysis. Did not get an error this time, and Grail shows in the bottom Strategies window, but no votes. So, I ran Grail alone, and there are no votes for any of my focus list., most of which have some kind of signal under other strategies.

Unlike Dan's experience, I can open Grail to edit it.

What am I missing?
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RichardL

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Subject : RE: Holy Grail indicator?
Posted : 5/29/2007 3:16 PM
Post #12117 - In reply to #12116

Guys

assuming you've got OT Pro, you need to download the RetraceSys.txt file to your VBA/systems directory. Use notepad.exe to open the .txt file and remove any spurious white spaces at the end that are introduced by the Forum software.

Compile it and then download the grail.ots strategy to the OT Strategies folder. It will now have the strategy & system recognised. If you don't have OT Pro you won't be able to compile & run Kris' code.

Richard
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Paddy_VA

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Subject : RE: Holy Grail indicator?
Posted : 5/29/2007 5:48 PM
Post #12119 - In reply to #12117

Ah, Thanks, Richard. I wondered if that might be a Pro strategy, but since this isn't the Pro forum, I decided to give it a try. I tried Pro when it first came out, and after a lot of things not being up to the claims made, decided to return it.


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RichardL

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Subject : RE: Holy Grail indicator?
Posted : 5/29/2007 6:42 PM
Post #12120 - In reply to #12119

Thanks Paddy, actually I think you would really like Pro now, I've been using it since it came out and esp with the recent updates, find it excellent.

all the best

Richard
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dandaman69

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Subject : RE: Holy Grail indicator?
Posted : 5/30/2007 5:06 PM
Post #12126 - In reply to #12088

Hi Bill, just looking to pick your brains a little more on the Holy Grail system, is it really that profitable for ya...? Is it working consistently on a daily basis??? Where did ya actually come across it?

Dan,
Dublin.
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/30/2007 6:13 PM
Post #12128 - In reply to #12126

Hi Dan,

As you will notice in the very first post of this thread, this trade belongs to Linda Raschke, one of the "New Market Wizzards". It would be hard to find a better endorsement.

The trading rules and complete system description can be found in Linda's book Street Smarts.

Yes, it is highly profitable. I traded three of these patterns today in the ER: 2 in the 2 min chart and 1 in the 5 min chart. Results ~ 3 out of 3.

Cheers,
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dandaman69

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 6:53 AM
Post #12130 - In reply to #12065

Kool, sounds good, if ya have any more screen shots to post, would appreciate it...?

Cheers
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 10:17 AM
Post #12132 - In reply to #12130

Successful EOD:

Cheers!
Attached file : Grail_20070531-EOD.png (30KB - 739 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 10:48 AM
Post #12133 - In reply to #12130

This one is now setting up:

Price has touched the 20 ema. At the close today, I will be placing a buy stop at 3.34. We want price to take out today's high. This is an important part of the system. Should the close today be > 3.32, I will have to adjust my order.

If we are to follow Linda's successful setup, we must wait for price to take out the high of the low bar. If we make a new low tomorrow, I must adjust my order to take out the high of that new low bar.

Please note that Price only has to touch the 20 ema.

I have noticed both in this thread and in a "grail thread" in the Nirvana Club forum, that the OmniLanguage coding is not following Linda's rules, which are posted at the beginning of this thread.

At the same time, I appreciate that every trader is free to create his own system. Progress is made through improvement. This is a natural evolution.

The trade rules I posted at the beginning of this thread are the ones from Linda's book Street Smarts. Since then, Linda has improved her own system by requiring that the ADX has not fallen below 25 at the time of execution. This additional filter, if employed, greatly improves the overall odds of success. We want to insure trend is still strong.

Best regards to all,
Attached file : Grail_20070531-2-EOD.png (29KB - 718 downloads)

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 1:08 PM
Post #12135 - In reply to #12065

Hi Bill,
So the modification to the Grail rules you posted earlier on 5/20 would be to change the line you had from ADX(14) >30 to ADX(14)>25, correct?

Also on what day would you have entered ASIA based on the Grail strategy? Would you have entered on 5/17?
Thanks,
Dee
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 1:18 PM
Post #12136 - In reply to #12135

Dee,

The original ADX(14) > 30 rule still stands.

When Price makes its swing high/low, we want the ADX(14) to be > 30 AND sloping up. The "Sloping up" check can be accomplished with a linear regression of the ADX.

When Price begins its retracement to the 20 EMA, the ADX will most likely go flat or decline. We want it to stay above 25 and be above 25 at execution.


EDIT: Dee, although the pattern is similar to a "grail setup", the ASIA trade does not qualify in two respects. On the previous swing high, the ADX was less than 30 and on 5/17 the ADX < 13. Had the ADX requirements been met, yes, the entry day would have been on 5/17 with a buy stop at 7.52.

ASIA is still a nice pattern: it is a nice bull flag. In my opinion two least risky ways to enter: (i) on a pullback close to the 8 EMA intraday or (ii) a breakout above the bull flag's high of 9.13 on 5/23 ~ a buy stop MOC above 9.13.

There is also some merrit to have entered MOO this morning based upon yesterday's bullish engulfing candle.

CORRECTION: I must correct my post from yesterday about the "bullish engulfing candle". Bullish engulfing candles are properly utilized in downtrending situations to signal a possible trend reversal. Sorry about the mispost! The price action should be more properly termed an "outside day".

Regards,
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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 4:00 PM
Post #12137 - In reply to #12065

Thanks Bill for clarifying that for me.

In your charts:
You mentioned there was a 8 EMA and a 20 EMA. What was the third and fourth moving averages in the price chart? And what was the blue line indicator and its settings on the price chart?

What was the moving average of volume you used in the volume pane?

And what is the Heikin Ashi Chart?

Also, I couldnt find the symbol MOO that you mentioned in your last post. Was that the symbol?

Thanks,
Dee
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 6:05 PM
Post #12139 - In reply to #12137

Dee,

The other two moving averages are the 50 & 100 EMA's.

I cannot disclose the settings of the blue line because I signed a five year Non-Disclosure Contract. I still have about 18 months to go... -:)

Heikin Ashi: http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=949

You might not have found it with a search, as the original post misspelled it. This misspelling seems to have propagated itself... -:)

The black line in the volume pane is a Standard MACD.

"MOO" stands for "Market on Open". MOC = "Market on Close"

Dee, hope this helps, Sorry about the blue line. -:)

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 5/31/2007 7:36 PM
Post #12140 - In reply to #12065

Thanks Bill for your explanation.
- Dee
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dandaman69

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Subject : RE: Holy Grail indicator?
Posted : 6/1/2007 5:11 AM
Post #12141 - In reply to #12130

Cheers for posting those charts Bill

Dan.
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/1/2007 9:38 AM
Post #12145 - In reply to #12135

Dee,

Follow up to yesterday's response on ASIA:

ASIA pulled back nicely to (actually below) the 8 EMA. Your entry there is already showing a profit.

Let's see how the day closes! -:)

Dan,

You're entirely welcome!

Cheers to all,
Attached file : Grail_20070601-2.png (32KB - 615 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/1/2007 9:51 AM
Post #12146 - In reply to #12133

Follow up on yesterday's post 12133 re: ONT:

Yesterday at this time price had exactly touched the 20 EMA. Later, price went lower.

Looking at today's intraday chart early morning, we can see why we wait for price to take out the high of the low bar, still yesterday's price bar. That could well change by the end of today.

Conceptually, the grail trade is a "retracement/then resume" trade.

Cheers to all,
Attached file : Grail_20070601.png (28KB - 590 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/4/2007 2:02 PM
Post #12169 - In reply to #12146

INTRADAY UPDATE ON ONT:

ONT made a new low this morning. So, today's price bar now becomes our bar to watch for entry. We place a buy stop above the high of today's close.

The ADX is still > 25 in spite of the retracement. Intraday we are at the .618 FIB retracement, so we may get some support here. A close much below this level would suggest great caution in taking this trade, especially if the 8 EMA crosses below the 20 EMA.

The important thing here is that the Grail trading rules have kept us out of the trade

Cheers to all!
Attached file : Grail_20070604.png (33KB - 570 downloads)

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Kris

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Subject : RE: Holy Grail indicator?
Posted : 6/5/2007 1:45 PM
Post #12174 - In reply to #12065

Bill,

Two questions re. your explanation of the Grail indicator, point "3. When price touches 20 EMA, place buy stop above high of previous bar":

1. Is the actual trigger level the High of the bar preceding the bar touching the EMA(20)?

2. Is there a limit of bars for how long the signal would be valid? E.g. would it be valid long signal if the price broke above the high of the reference bar 1,2,3 bars later?

I have coded the Grail system, where signal is generated if the bar touching the EMA(20) closes above the previous bar, or if the first bar after the one touching EMA(20) closes above the bar before the one touching the EMA(20). I hope I am making myself clear.

CHeers, Kris

PS. To all OT2007 Standard users. I understand that you can use custom/Pro files, but you cannot create/edit one.
Place attached file in the ..\Nirvana\OT2007\VBA\Systems\ folder, re-start OT and open the Strategy Builder. GrailSys (system) should be listed in the [Systems] block/table.
Attached file : GrailSys.txt (1KB - 647 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/5/2007 5:16 PM
Post #12176 - In reply to #12174

Hey Kris!

You are perfectly clear. Sorry I was not!

Kris wrote:

The first bar after the one touching EMA(20) closes above the bar before the one touching the EMA(20)


What you wrote is correct, Kris

What we are looking for is the "trigger bar", which we define as the bar that either touches or penetrates the 20 EMA.

We enter long with a buy stop on the first bar that takes out the high of the bar preceeding the trigger bar.

The catch is that the trigger bar can change if, in the case of a long set up, a succeeding price bar takes out the low of first trigger bar. That bar with the new low becomes the new trigger bar, and we will enter long when the high of the bar preceeding that new trigger bar is taken out. Another way to look at it is that the most recent swing low bar is the trigger bar.

Looking at the attached ONT chart, one sees that price first took out the 20EMA on 5/31. That was the first "trigger bar". Each day since then, we have had a new trigger bar, including today. So, we will place a new buy stop above the high of the 06/03/07 price bar.

While the ADX qualifies this as a grail trade, price is not making its usual grail pattern where we start to see some support around the 20 EMA.

This could still be a good trade. Price closed the 5/14 gap today plus an extra penny before moving up to close above the open. The 8 EMA is still 4 cents above the 20 EMA. We also have horizontal price support here plus FIB support on the weekly chart. So we will just have to see. But percentage wise, price has penetrated the 20 EMA much more than is usual for this setup.

Rules are, of course, reversed for short trades.

Kris, Linda does not put any time restrictions on this trade. Perhaps this is because I have seen the grail trade set itself up in multiple timeframes simultaneously; i.e., the 2, 5 & 15 minute charts with the 15 minute chart taking up to 10-12 bars to generate a trigger bar. So obviously there are going to be a lot of bars to complete on the 2 minute setup. I suppose common sense would have to prevail at some point. It would seem that what was initially a grail pattern would becme a box play if an extended range developed around the 20 EMA.

This might be a good project for an NN or a GA to try various inactivity stops.

Best regards,

This post was edited to correct the entry rule!
Attached file : Grail_20070605.png (34KB - 614 downloads)

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Kris

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Subject : RE: Holy Grail indicator?
Posted : 6/6/2007 12:51 AM
Post #12180 - In reply to #12065

Excellent(!)

What I have done is as follows, for a long trade (short would be reversed):

1. The low of one of three previous bar's touched or dipped below the 20 EMA (that is your trigger). You wrote that it could be 10 bars, we can change it later.
2. Today's close is above the 20 EMA - I would think that we wouldn't want to go long if the market is below the 20 EMA, please verify.
3. Today's close is above the trigger bar (current bar -1, -2 or -3) that touched/penetrated the 20 EMA
4. I added a LookBack parameter [default set to 10 bars] to help us validate that the price was above the 20 EMA, 10 bars ago.

ADX should be in a filter block, as discussed previously. It is easy to add it to the system, but I feel that it is more elegant to have the system fire more signals and then use filter to decide which signals we allow to appear on the voting line.

Please let me know if we need to tweak anything.

Cheers, Kris

Attached file : GrailSys.txt (1KB - 635 downloads)

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Stumpy

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Subject : RE: Holy Grail indicator?
Posted : 6/6/2007 7:04 AM
Post #12182 - In reply to #12065

Hi Kris,
Can this be modified to work on Omni standard I do not have Pro.
Regards Ralph
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/6/2007 9:43 PM
Post #12185 - In reply to #12180

Hi Guys!

Looks like I owe everyone an appology, particularly Kris who went to so much work coding this system.

My post #12176 was in error. Kris properly interpreted my original post setting forth the correct trading rules. I day trade this setup manually in the eminis. It looks like I have slipped somewhere along the way and started to enter a little early.

Post #12176 has been corrected to reflect the proper entry rule in accordance with the rules in the original post 12066.

Sorry if I have caused anyone any prolems!




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TP

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Subject : RE: Holy Grail indicator?
Posted : 6/6/2007 11:47 PM
Post #12186 - In reply to #12065

Take a look at VOD on an EOD basis.

TP
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Kris

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Subject : RE: Holy Grail indicator?
Posted : 6/10/2007 2:32 AM
Post #12198 - In reply to #12065

Hi Bill,

Looking at a chart one can spot the Holy Grail formation. Obviously, with a system one has to be very specific and hence my questions:

1. How do we detrmine the direction of The Grail setup? ADX shows us the strength of a trend irrespective of the direction.

2. Should we add a filter EMA(8) > EMA(21) for LONG trades, and EMA(8) < EMA(21) for short trades? You mentioned it in your recent note. I a not sure if it is discretional confirmation or a hard rule.

3. Should I remove the LookBack from teh system? It is designed to tell us that the market was above EMA(20), briefly dipped below the EMA(20) (for no more than 10-bars, or whatever you set the parameter to) and the market is above the EMA(20) again.

4. If we remove LookBack parameter, should we have another filter, e.g. go long only if EMA(20) is trending up? on your recent picture/post EMA(20) has turned down, but you still consider it as a LONG Grail candidate.

Obviously you have been trading the Holy Grail for a long time and it has become a subconscious trade for you. I still have to decipher it :)

Cheers, Kris

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TP

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Subject : RE: Holy Grail indicator?
Posted : 6/10/2007 9:17 AM
Post #12199 - In reply to #12065


Kris, in case you might be interesed attached are a couple of links to the book where the HG setup (and many, many more) is detailed. It's kind of expensive but well worth it. I got a used one for $115.

BTW, thanks for all your many OL coding contributions. I have learned a great deal from what you have done and shared.

TP

http://www.lbrgroup.com/index.asp?page=DefaultPage


http://www.amazon.com/Street-Smarts-Probability-Short-Term-Strategies/dp/0965046109/ref=pd_bbs_1/103-7337231-3256663?ie=UTF8&s=books&qid=1181484139&sr=8-1

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TP

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Subject : RE: Holy Grail indicator?
Posted : 6/10/2007 9:45 AM
Post #12200 - In reply to #12065

Take a look at KNXA. Perhaps one day late on this one.

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/10/2007 4:44 PM
Post #12203 - In reply to #12198

Hi Kris,

Good questions!

When I first saw your approach using the lookback function in OL, I was concerned that a lookback of 5 or even 10 periods might not capture the retracement from the most recent Swing High down to the 20 EMA or most recent Swing Low up to the 20 EMA and that too long a lookback might cause problems as explained below.

However, utilizing a 5 day lookback should be adequate for another aspect of the system: for EOD trades to check how long price stays near the 20 EMA before starting a retest of a recent Swing High or recent Swing Low. All the EOD Grail examples in Street Smarts show Price touching or penetrating the 20 EMA for only 1-3 price bars during the retracement phase before resuming in the direction of the trend. In other words, once the touch or penetration has occurred, Price will resume original direction within 1-3 periods on its way to a retest. Intraday, Price can hover around the 20 EMA for more periods before attempting a retest of recent Swing Highs or Swing Lows.

However, the number of periods to get to the 20 EMA, that is a retracement from a recent Swing High [Swing Low] to the 20 EMA, can easily be 15 or more EOD and many more Intraday.

I wrote to Bob McFarland about the lookback approach and asked if we needed the SDK module to employ some kind of looping function or whether we could do that in OmniLanguage. In the 1 to 5 minute charts, Price can take 20 to 40 periods to retrace to the 20 EMA and another 10-20 periods to hover above and below the 20 EMA before resuming a test of a recent high or low.

Please keep in mind that I am not a programmer so I probably will not be able to explain this in programmer's terms. Anyway I had suggested to Bob that, when Price made a new Swing High [Long trade], to begin some kind of looping function down to the 20 EMA. Again, this could take 10 to 15 or even more periods Intraday to retrace to the 20 EMA.

Then when Price touched or penetrated the 20 EMA, begin another loop as long as Price was below the high of the bar preceding the "trigger bar", as defined in my previous post #12176. The second loop would probably not be needed EOD because Price usually starts to its retracement right away. A 5 day lookback should work here.

Bob thought we could do it in OL. We have not done anything on it though. We are working on the Headley Acceleration Band project. We are doing a premarket scan, which includes fundamentals. We have completed the entry portion of the system. It has turned up some extraordinary winners both on the long and short side. I have been trading them manually with good success. We are at the exit phase of strategy. When finished and back tested, we plan to turn it over to the membership.

It is possible Bob may be willing to look at the Grail Trade some time in the future; though I know he has many programming projects on his plate at this time. Therefore, I cannot speak for him. No pressure here, Bob! Truly! -:)

Kris, maybe you want to take a shot at the loop idea. You are good programmer and have contributed a lot!

We don't need the 8/20 EMA filter if we are to stick to the actual published system. The rules are very simple: just as I posted them at the beginning of this thread. The EOD examples in Linda's book do show that the 20 EMA can be pointing down very slightly when price touches it. Her examples do not show a chart like ONT where there have been 3 lower lows in price after the trigger bar.

About the last chart I posted, I was just thinking aloud. I am betting Linda Raschke would say the ONT chart is not a grail trade. It definitely started as one when it touched the 20 EMA Intraday, retraced, but later penetrated the 20 EMA at the close. Subsequent price action has excluded it, in my opinion. I was just looking for reasons price might retest the recent high. In my defense, I did say:

...price is not making its usual grail pattern where we start to see some support around the 20 EMA.


In summary:

1. How do we determine the direction of The Grail setup? ADX shows us the strength of a trend irrespective of the direction.


Long: We are looking for a retracement of price from the most recent Swing High back down to the 20 EMA, then a retest of that most recent High.

Short: We are looking for a retracement of price from the most recent Swing Low back up to the 20 EMA, then a retest of that most recent Low.

2. Should we add a filter EMA(8) > EMA(21) for LONG trades, and EMA(8) < EMA(21) for short trades? You mentioned it in your recent note. I a not sure if it is discretional confirmation or a hard rule.


The 8 & 21 EMA's are not a part of Linda's Grail system. Again, in my comment in the above post, I was looking for reasons for Price to start a retest of the recent high.

3. Should I remove the LookBack from the system? It is designed to tell us that the market was above EMA(20), briefly dipped below the EMA(20) (for no more than 10-bars, or whatever you set the parameter to) and the market is above the EMA(20) again.


EOD a 5 or 10 period lookback from the Swing High or Swing Low to retracement to the 20 EMA will miss many Grail trades.

However, EOD, for the testing of how long price hovers around the 20 EMA after touching or penetrating it, a 5 day lookback should be adequate for the classic Grail pattern. Intraday, a second loop might be considered for this time Price hovers around the 20 EMA after touching/penetrating it but before moving toward a retest.

If I have not been clear , let me know. I have tried to clarify it a little in answering your next question.

4. If we remove LookBack parameter, should we have another filter, e.g. go long only if EMA(20) is trending up? on your recent picture/post EMA(20) has turned down, but you still consider it as a LONG Grail candidate.



Hey, that's more than one question! -:)

Above I have talked about 2 uses of the Lookback function:

Use 1: The number of periods from the most recent Swing High [Swing Low] to retrace to the 20 EMA.

Use 2: The number of periods Price will hover around the 20 EMA before starting a retest of a recent Swing High or Swing Low.

RE: Use 1, we should find an alternative method, maybe a loop, for both EOD and Intraday.

RE: Use 2, a lookback is ok EOD but we should have an alternate method Intraday.

The main problem, as I see it, with the lookback approach for the phase from a Swing High/Swing Low to the 20 EMA is this: if the lookback period is too short, it will miss trades. If the lookback is too long it could pick up an additional swing High or Low, which might cause a problem trying to set up a loop. When we come to the most recent Swing High or Low, we want to check the ADX > 30 and that it is rising ~ a linear regression of the ADX at the bar of the Swing High or Low. Then we start the loop looking for a retracement to the 20 EMA. All the examples in Linda's book show that the most recent Swing High was a recent Highest High even though her rules refer to it as a Swing High.

Also, "after a successful trade, The ADX must once again turn up above 30 before another retracement to the moving average can be traded." A lookback may have difficulty with this rule as well?

It's ok if the 20 EMA is sloping down a little when price touches or penetrates it. Because Price has just made a recent Swing High or Swing Low, the trend is strong, so the 20 EMA will NOT be sloping down very much.

You have probably already guessed by now that I would have to say the ONT chart no longer qualifies as a Grail Trade even though it may retest the recent high.

What I did not say before about ONT is that this stock has some strong published fundamentals. But it is still highly volatile! Therefore, we will just have to see what next week brings.

Kris, hope this helps!



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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 6/10/2007 4:53 PM
Post #12204 - In reply to #12180

Kris:

I have to admit I am a bit confused at this point.

Am I to assume that the Holy Grail system posted on June 5, 2007 in post 12180 is the current best system based on the current understanding of the trading rules?

It would appear that we are still a bit in development, but what is your best posted strategem to date?

Thanks,

Tom Helget
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Kris

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Subject : RE: Holy Grail indicator?
Posted : 6/11/2007 1:28 PM
Post #12214 - In reply to #12065

Hi Bill,

Thanks for the detailed explanation. I think I have a better understanding of the Holy Grail. Forgive me for repeating the whole thing (again), but I want to explain the system's behaviour.

The system fires Holy Grail signal when we have the following formation (assume Long trade on EOD chart):

1. We have 3-bar V-bottom formation with the middle bar being the Lowest Low from the three bars.

2. The middle bar of the V-bottom touches or penetrates EMA(20) - this is the trigger bar as defined by Bill.

3.a. Today's Close is above the EMA(20) and is above the High from two days ago (the High of the bar just before the Trigger bar), or...
3.b. Today's Close is above the EMA(20) and is above the High from three days ago (the bar before the bar preceding the trigger bar :), or...
3.c. Today's Close is above the EMA(20) and is above the High from four days ago.

4. The Close 8-bars ago (adjust this parameter if you want to) was above the EMA(20), confirming that the market is resuming it's up-trend after forming a little V-bottom retracement to the EMA(20).

So, what we have is a market that was above the EMA(20), then retraced to EMA(20), formed a little V-bottom that touched or penetrated the EMA(20) and we allow up to three bars to break above the High of the bar preceding the Trigger bar (the bottom of the V bottom).

Now, I don't think that it is necessary, but if one wants to add an additional directional filter (without fancy loops) one can for example allow Long signals only when the recent High (say, in the last 20 bars) is the Highest High in the last 100 bars. To do that all you need is the following statement in the Filter block:
* "HHV(20) = HHV(100)" in a Long Conditions window, and
* "LLV(20) = LLV(100)" in a Short Conditions window.

Please let me know if I got it right :)

Cheers, Kris

Attached file : GrailSys.txt (2KB - 604 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/11/2007 1:29 PM
Post #12215 - In reply to #12203

Hi all!

Attached is a classic Grail Pattern from a little earlier this morning in the 2 min ES. The entry is marked with the green arrow.

Cheers,


Attached file : Grail_20070611.png (36KB - 703 downloads)

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Kris

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Subject : RE: Holy Grail indicator?
Posted : 6/11/2007 1:51 PM
Post #12216 - In reply to #12065

In this example, my RetraceSys.txt, post # 12100 would be just fine, with the RetraceEMA set to 20 and LookBack set to 10.

I see your point that it can take many bars for the market to move above the high before the bottom.

Cheers, Kris
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/11/2007 6:36 PM
Post #12221 - In reply to #12214

Kris,

Yes, you have described the Grail Trade according to Linda's rules. The only comment I might make is that the trade is not usually a V type reversal, although it sure can be with a super high ADX reading.

Earlier, I posted the ES 2 min as an example. Actually I took this trade today in the 2 min ER, the contract I trade the most. The 2 min chart is the first one below. I didn't post it initially as an example because of the amount of time it spent below the 20 ema. I just wanted members to see price action right at the 20 EMA.

I have also attached the same ER trade in the 1 minute chart. I use the 1 min chart on days of very low volatility. Not necessary today. But you can see the number of bars it took for the trade to play out. Sometimes this will happen in a daily chart as well. If a loop is not necessary, that's great! You are the programmer, not me! -:)

Hope this helps. Cheers,


Attached file : Grail_20070611-2 min.png (39KB - 621 downloads)
Attached file : Grail_20070611-1 min.png (38KB - 563 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/12/2007 10:26 AM
Post #12224 - In reply to #12221

Hi Guys,

Ok, here is a short Grail trade I just completed in the ES this morning. It was much cleaner than the ER this morning for the same time period.

Anyway, the ES showed the classic Grail pattern.

Cheers to all,
Attached file : Grail_20070612.png (36KB - 605 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/13/2007 10:02 AM
Post #12231 - In reply to #12224

Good morning, All!

Here is another successful Grail trade in the ES for this mroning. The ER had a similar pattern at the same time but did not touch the 20 EMA.

I still took the ER trade anyway based on the ES pattern because it is often easier to exit the ER than the ES on a limit order.

Cheers,
Attached file : Grail_20070613.png (41KB - 584 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/13/2007 3:00 PM
Post #12233 - In reply to #12231

Hi Guys!

Ok, here's another sucessful ES Grail trade for the afternoon. As you can see, there is not one that has failed (that I have seen and taken) since I started posting these.

I won't bore you all with any more postings. But, for your tradng, you can see that they are plentiful and are very high probability.

Good trading to all,
Attached file : Grail_20070613-2.png (37KB - 576 downloads)

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Deepak

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Subject : RE: Holy Grail indicator?
Posted : 6/13/2007 3:06 PM
Post #12234 - In reply to #12065

Bill,
Do you happen to have another example of a stock example?
Thanks,
Deepak
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Subject : RE: Holy Grail indicator?
Posted : 6/13/2007 7:12 PM
Post #12235 - In reply to #12234

Deepak:

I have been following this thread closely and perhaps can offer you two good Grail EOD candidates that fired off today.

Take a look at the screen shots attached. Please remember, no guarantees are attached, but I think these exemplifiy the Grail set-up.

Tom Helget
Attached file : Capture6-13-2007-8.06.11 PM.jpg (235KB - 618 downloads)
Attached file : Capture6-13-2007-8.06.26 PM.jpg (218KB - 611 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/13/2007 11:25 PM
Post #12238 - In reply to #12235

Nice, Tom!

The secret, of course, is to have a resting buy stop waiting to enter when Price takes out the high of the bar before the trigger bar, exactly as you have shown on the charts.

Regards,
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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 9:57 AM
Post #12241 - In reply to #12065

Bill:

Yes, you are correct, that is the secret. But, it is a bit harder on the EOD trader. Perhaps the best we can do is identify a trend and then jump aboard. As I write this MA is up $0.70 and ROK $0.85 at 10:43 AM.

I have identified another possible candidate today and have attached a screen shot.

I should also identify my method for anyone interested in duplicating it.

First, I am using OT2007 Pro and OmniScan.

To obtain setups for OmniScan, I modified one of Kris' files given in this thread to act as an indicator. It should be loaded to the Indicators file. To use it go to OmniScan and generate a new list. I call mine Holy Grail. Your technical rule will be GrailInd(20,8) = 1.

Once your selections are obtained, you need a strategy. Kris has been modifying this as he is (apparently) still in devolpment. I substituted his newest GrailSys system in his original .ots strategy and called it simply "Grail" (also attached).

For completeness I have also attached a profile, the strategy and a chart template for anyone interested. Please note that some of Kris' original coding may be overwritten, so you might want to change some names here.

I know this is perhaps not what Kris originally intended, but it is my best effort to conjoin his coding into an effective system. I apologize if I have misinterpreted any of his ideas.

Tom Helget


Attached file : Capture6-14-2007-10.37.59 AM.jpg (231KB - 696 downloads)
Attached file : GrailInd.txt (2KB - 662 downloads)
Attached file : GrailSys.txt (2KB - 609 downloads)
Attached file : Grail.ots (568KB - 671 downloads)
Attached file : Holy_Grail.otd (116KB - 613 downloads)
Attached file : holy grail.otp (2060KB - 610 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 10:06 AM
Post #12243 - In reply to #12238

Good morning!

Here's a nice one. Missed it though. I was looking at email... during trading hours. Not a good idea! You snooze, you lose.

Our intra-day winning streak remains unbroken.

Next post below: I found an EOD setting up.

Regards,
Attached file : Grail_20070614.png (41KB - 609 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 10:11 AM
Post #12244 - In reply to #12243

Ok,

Here's an EOD setting up. Unless a new low takes out the low of the red candle on 6/12/07, our entry is a buy stop at 61.61.

As Tom says, no guarantees!!! -:)

Regards,
Attached file : Grail_EOD_20070614.png (37KB - 600 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 12:42 PM
Post #12245 - In reply to #12241

Tom,

Thank you for this excellent post and the good find on EQ.

Tom, the new trigger bar is on 6/7. So, wouldn't we have been stopped in today? Remember, the trigger bar adjusts with each new lower low on the retrace to the 20 EMA. We just don't want Price too far below the 20 EMA.

I will try to find out how far a penetration past the 20 EMA disqualifies a grail trade. I also suspect that a lengthy consolidation around the 20 EMA would also disqualify a trade as grail trade.

If this EQ trade goes well, the 1.28 FIB extension taken from the March low is at $79.50 !

Thanks, Tom, for sharing all this.

Regards,

Attached file : Grail_EQ_EOD.png (36KB - 566 downloads)

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 1:06 PM
Post #12246 - In reply to #12245

Bill:

You are indeed correct!

The reason I marked the chart as I did is that I thought the entry point (Buy Stop) was the high of the bar immediately preceding the penetration (or touch) of the 20-day EMA. That, of course, would be on June 4th as marked.

However, I am happy to learn that my assumption was in error. That must be why Kris' system fired (although I failed to understand why at the time). It sure looked like a good trade with the mighty gap up!

I would appreciate it if you could investigate how long activity below the 20-day EMA could continue before a buy would not be qualified for a Grail trade.

Also could you clarify what you mean by a 1.28 FIB extension, please.

Thanks,

Tom Helget

P.S. Attached please find three more EOD Grail trades using my new understanding of where the Buy Stop should be placed. No guarantees!
Attached file : Capture6-14-2007-2.12.44 PM.jpg (238KB - 570 downloads)
Attached file : Capture6-14-2007-2.12.12 PM.jpg (235KB - 561 downloads)
Attached file : Capture6-14-2007-2.11.41 PM.jpg (246KB - 559 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 2:57 PM
Post #12247 - In reply to #12246

Hi Tom,

You are exactly right. You wrote:

The entry point (Buy Stop) was the high of the bar immediately preceding the penetration (or touch) of the 20-day EMA. That, of course, would be on June 4th as marked.


As you can see, however, the trigger bar can change if price goes lower. -:)

I will indeed try to get answer about distance of penetrations through the 20 EMA.

The 1.28 FIB Extension (or more properly the 1.272) is computed by identifying 3 points:

1. The 3/5/07 Low @ 51.00
2. The 5/21/07 High @ 65.50
3. The 6/8/07 Los @ 61.23

This will produce a 1.272 FIB target at approx 79.50
The next most common target would be the 1.618 at approx 84.50

You could generate closer targets by using the 4/2 Low instead of the 3/5 low and come up with a 1.272 @ 71.81 and 1.618 @ 74.67.

I use the eSignal FIB extension tool to do this. I don't know how to do this with OT's FIB tool. I am guessing it cannot because Kris wrote an indicator to do this:

http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=1045&posts=7

See Kris' post #5227 with his custom indicator.



Cheers,
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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 6/14/2007 3:10 PM
Post #12248 - In reply to #12247

Bill:

Thank you.

As to the Fib extensions, as you might expect, Kris once again has scored (thank God for his enthusiasm and superb programming skills). You can find his most recent code on the OT Pro web-site:


http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=1045&posts=7

While this is not exactly the eSignal tool you employ it is somewhat similar.

Tom Helget
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EYEGUY

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Subject : RE: Holy Grail indicator?
Posted : 6/15/2007 9:33 AM
Post #12253 - In reply to #12248

EOD Grailers:

Here is today's pick, TXU projected by Fib Extensions to $71.28.

Tom Helget
Attached file : Capture6-15-2007-10.31.03 AM.jpg (248KB - 629 downloads)

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/25/2007 10:37 AM
Post #12311 - In reply to #12253

Back to back grail trades in the ER this morning.

Cheers
Attached file : Grail_20070625.png (32KB - 579 downloads)

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Thad Dorgan

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Subject : RE: Holy Grail indicator?
Posted : 6/25/2007 6:55 PM
Post #12316 - In reply to #12065

****Attention OmniTrader users**** You must own a copy of OmniTrader Professional to insert custom code into OmniTrader....

If you are interested in upgrading your existing copy of OT to include the functionality to add the "Holy Grail" indicator or others, please contact our sales team at sales@nirvsys.com or 1-800-880-0338.

Thanks!!!
Thad Dorgan
Nirvana Support
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cowboy013

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Subject : RE: Holy Grail indicator?
Posted : 6/29/2007 2:55 AM
Post #12342 - In reply to #12065

FYI - was wondering if anyone has the 'GRAIL.OTS " system code/formula for a regular OT 2007 Real Time edition. I was interested in it and not able to write. I'm learning to trade the MINI and have read Linda's books.
any help would be appreciated.


COWBOY013
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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 6/29/2007 4:40 PM
Post #12356 - In reply to #12342

Hi Jim!

At this point Kris' code comes the closest in my opinion. Someone may have coded it privately and might be willing to share?

However, user created code requires OT Pro ~ well worth the investment, Jim.

I was supposed to be checking EXACTLY how far price can penetrate the 20 EMA before the trade can no longer be considered a grail trade.

Looks like I dropped the ball. Thanks for the reminder!! -:) I will try to get that done this weekend, and perhaps the code can be finalized.

Cheeers,

P.S. This is a great system for day trading the emini stock indexes!!

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Bill Graves

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Subject : RE: Holy Grail indicator?
Posted : 7/5/2007 2:46 PM
Post #12418 - In reply to #12356

Hi Guys,

Sorry wasn't able to check last weekeend, as promised, on how far price can penetrate the 20 EMA before a trade is no longer considered a grail trade. But I got it done yesterday. Here is the official word:

For testing purposes, use a 2 ATR stop, so price can retrace back a bit further than the EMA. If there are sell divergences on a higher time frame and you are looking for a grail buy on the lower time frame, then price will almost always go further through the EMA.

If the market is very strong with new momentum highs on the higher time frame, price can even fall short of the EMA on the lower time frame. The grail is just a good structure or model to trade around - nothing magic about the EMA though.


This information may make the system a little harder to program. But there you have it.

Cheers,
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The Stockman

Posts: 17

Joined: 4/2/2004
Location: London, England

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Subject : RE: Holy Grail indicator?
Posted : 7/24/2007 6:24 AM
Post #12550 - In reply to #12065

Hello Bill,

The trading platform I have here does not give me the ADX to implement the Holy Grail set up.

It has the following; Bollinger, MACD (Histogram), RSI, Directional Movement, Stocastics, Williams %R, Momentum, Volatility, Price Oscillator and Standard Deviation.

Will any of the above indicators which works with this set up in lieu of the ADX.

Thanks . . ..

The Stockman. . . .
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Deepak

Posts: 31

Joined: 2/10/2007
Location: San Diego, CA

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Subject : RE: Holy Grail indicator?
Posted : 7/24/2007 9:56 AM
Post #12551 - In reply to #12065

Bill,
Can you show me a recent ES and/or stock Holy grail setups picture(s)? It would greatly help me to see the setup again.
Thanks,
Deepak
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Troy

Posts: 21

Joined: 8/29/2007
Location: Seattle, WA

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Subject : RE: Holy Grail indicator?
Posted : 11/3/2007 10:17 AM
Post #13152 - In reply to #12100


How do you import the OTS into OT?
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Barry Cohen

Posts: 6338

Joined: 1/19/2004

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Subject : RE: Holy Grail indicator?
Posted : 11/3/2007 11:13 AM
Post #13154 - In reply to #13152

Save .ots files in your C:\Program Files\Nirvana\OT2007\Strategies folder. You do not need to open the file. Once there it will be available in your OT strategy list.
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WineCape

Posts: 11

Joined: 11/3/2007
Location: Stellenbosch, South Africa

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Subject : RE: Holy Grail indicator?
Posted : 11/11/2007 3:54 PM
Post #13207 - In reply to #12241

Hello Tom,

Can your revised Grail Strategy (based on Kris's programming) be incorporated into a OmniTrader 2007 RealTime, as this is what I have? Note, I dont use OmniScan/OmniData, but a 3rd party market feed ("User Data")

Apparently I can use the Grail strategy, but I can not MODIFY it in OT2007 RealTime? Is this correct?

PS: See also mail I have send you regarding exact installation thereof if this is indeed the case.

Sincerely,
Charl Theron
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EYEGUY

Posts: 1543

Joined: 12/12/2003
Location: BALDWINSVILLE, NEW YORK

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Subject : RE: Holy Grail indicator?
Posted : 11/11/2007 4:29 PM
Post #13209 - In reply to #13207

Charl:

Please check your e-mail for my reply.

Also, please consult Thad Dorgan's post 12316 earlier in this thread.

Tom Helget
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WineCape

Posts: 11

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Location: Stellenbosch, South Africa

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Subject : RE: Holy Grail indicator?
Posted : 11/11/2007 4:38 PM
Post #13211 - In reply to #12065

You have been kind. Many thanks for the email Tom. Appreciated.

Sincerely,
Charl Theron
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WineCape

Posts: 11

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Location: Stellenbosch, South Africa

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Subject : RE: Holy Grail indicator?
Posted : 11/12/2007 12:59 AM
Post #13214 - In reply to #12065

Mmm, I'm a bit puzzled here. A question relating to the directory structure of OmniTrader2007 RealTime, as this is the version I'm using (patched to latest):

Tom Helget send me the following instructions for the "Grial" Trading system:

Transfer his Grail files to the following directories:

GrailInd.txt .../Program Files/Nirvana/OT2007/VBA/Indicators
GrailSys.txt .../Program Files/Nirvana/OT2007/VBA/Systems
Grail.ots .../Program Files/Nirvana/OT2007/Strategies
Holy_Grail.otd .../Program Files/Nirvana/OT2007/ChartTemplates
holy grail.otp .../Program Files/Nirvana/OT2007/Profiles

All is OK with the last 3 above.

But it seems my .../Program Files/Nirvana/OT2007/VBA folder do not contain the required .../Indicators or the .../Systems directory. Should I then ADD these specific directories in the VBA folder myself ?

PS: My VBA directory has the follwing 4 directories within:

...VBA/ColorCharts
...VBA/NamedFormulas
...VBA/Strategies and
...VBA/Temp.

That's it. Any pointers as to where I missed my morning filter coffee?

I'm aware that I can USE the "Grail" strategy Tom has so kindly "ported" to non-Pro versions of OT2007 and that it cannot be edited/changed.

Sincerely,
Charl Theron


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The Stockman

Posts: 17

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Location: London, England

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Subject : RE: Holy Grail indicator?
Posted : 11/12/2007 3:52 AM
Post #13215 - In reply to #12065

Hello Winecape,

It is that simple, create these missing files in your VBA folder as you suggest, save the info in the appropriate files, and hey presto, there you go.

I have also had help with deciphering this Grail info from Tom & Kris, so I guess I can pass it on.

Regards

The Stockman
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WineCape

Posts: 11

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Location: Stellenbosch, South Africa

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Subject : RE: Holy Grail indicator?
Posted : 11/12/2007 4:33 AM
Post #13217 - In reply to #12065

Ha! A shining knight on a white horse arrives with the name of ... "The Stock" ;-)

Much obliged Stockman. I'll create then the directories in the VBA folder and deposit Tom's two text files (GrailSys & GrailInd) into the respective directories.

Stay well and trade successfully.
Sincerely,
Charl Theron
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Paddy_VA

Posts: 298

Joined: 12/13/2003
Location: Virginia

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Subject : RE: Holy Grail indicator?
Posted : 11/12/2007 6:51 PM
Post #13223 - In reply to #13214

Charl wrote: "I'm aware that I can USE the "Grail" strategy Tom has so kindly "ported" to non-Pro versions of OT2007 and that it cannot be edited/changed."

Where is that non-Pro version? (I've been following this thread from the start, but have only seen comments before that Pro version is required.)

Thanks.

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DesertDude

Posts: 108

Joined: 12/15/2003
Location: Texas

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Subject : RE: Holy Grail indicator?
Posted : 12/4/2007 1:21 PM
Post #13403 - In reply to #13223

Is a non-OT Pro version still available of the Holy Grail indicator? I can't find it here either.

Thanks!
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Deepak

Posts: 31

Joined: 2/10/2007
Location: San Diego, CA

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Subject : RE: Holy Grail indicator?
Posted : 12/4/2007 2:44 PM
Post #13404 - In reply to #12066

Hi Bill,
I just got OT Real Time 2008. Would I be able to install the Holy Grail formulas into it? If so, could you tell me how?
Thanks,
Deepak
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DaleCraw

Posts: 6

Joined: 1/6/2005
Location: Erie, Pa

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Subject : RE: Holy Grail indicator?
Posted : 3/13/2008 11:01 AM
Post #14240 - In reply to #12065

OK, two questions:

1)I notice that the retracements BACK to the 20 MA (whether from the highs or the lows) is also pretty powerful. Can you show us a system to catch those moves?

2) I do not have OT Pro. The last version I have is OT 2006. Can you please code a system for 2006?

Much thanx!

Dale
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Bill Graves

Posts: 125

Joined: 11/25/2006
Location: Phoenix, Arizona

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Subject : RE: Holy Grail indicator?
Posted : 3/14/2008 5:46 PM
Post #14249 - In reply to #14240

Dale,

You're right. Retracements to the 20 EMA are powerful. But the 20 EMA is just a guide line. It is more the pattern that we are interested in. The probability of a successful trade dramatically increases if the ADX remains above 25 (Don't remember if I have already posted that in this thread or not -:) )

Unfortunately, you would need OT Pro for programming retracements to the 20 EMA, in my opinion. To program the pattern, we would need the Nirvana team, I fear.

I still use this pattern nearly every day.

Regards,
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Trevor J

Posts: 2

Joined: 5/15/2008
Location: Durban

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Subject : RE: Holy Grail indicator?
Posted : 5/26/2008 3:21 AM
Post #14668 - In reply to #12065

Is there any way to get that working in the stocks edition of OT2008?
or is it possible for someone with pro to compile it and then can place the complied file in ot2008 stocks


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