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Home Collection Signal Holy Grail 1.6
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Holy Grail 1.6

Holy Grail 1.6 combines ADX and EMA for buy/sell signals, showcasing arrows on the chart. Suitable for all trader levels, it offers customizable settings, including the EMA period, ADX period, and notification preferences. Enhance your trades with this user-friendly tool.

Trading Style

Scalping

,

Short-term

Indicator Type

Entry Exit

Timeframe

M1-M5

,

M15-M30

Platform

MT4

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  • Description
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  • How to Install
Description

Features of the Indicator

The Holy Grail 1.6 indicator works with the ADX and EMA. To trigger a buy/sell signal, the ADX must be above the 30-level (indicating a strong trend), and the price must touch and then bounce off the EMA, which works as a support/resistance zone.

Furthermore, the ADX and EMA don’t appear on the MT4 chart; once the Holy Grail trading conditions are met, a buy/sell signal arrow appears on the price chart. As a result, the indicator is a simple technical tool that would fit both new/intermediate and experienced traders.

How the Indicator can Benefit you

The indicator gives clear trade entry signals. It draws color-coded arrows on the price chart that you can use to enter trades. The green arrows represent a buy signal, while the red arrows represent a sell signal. However, it is important to note that you should use the indicator with price action and other technical trading tools.

Indicator Settings Description

The indicator has inputs that you can change to match your trading style.

Main period: You can change the period of the EMA.

ADX period: You can change the ADX period for trend analyses.

Min bars: You can change the minimum number of bars the indicator uses for trend analyses.

Graphical user interface: You can turn on/off the display of the information panel.

Sound alert: You can turn the sound alert system on/off.

Email notification: You can turn notification signals via email on/off.

SMS notification: You can turn notification signals via SMS on/off.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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