How to Find the Forex Holy Grail?

Good day, ladies and gentlemen Forex traders. Everyone interested in trading on the currency market has heard the expression "Holy Grail" at least once.

So what is this Grail in relation to forex trading? The Grail is some strategy with flawless performance that brings millions to those initiates who have learned it. To "find the Grail" means to invent / find such an "ideal" trading system.

Does the Grail exist and how can you find it? What traps await inexperienced grail seekers? We will talk about this and much more in a special webinar.

Let us start with what in trading is commonly called the Grail at all. This term implies some strategy that always delivers 100% profitable trades, that is, an ideal and error-free system. Naturally, as something magical and incredible, the strategy must be hidden from the public. A Grail that everyone knows about is not a Grail.

In reality, the Grail is a strategy that suits you personally. Moreover, statistically it may not be the most effective, but for you this strategy will work well. Today we will talk about how you can find that very strategy and use it in your work.

Surely many have noticed the popularity of Price Action, VSA, Gann, Sniper... but what exactly makes them so popular? The fact is that all these methods do not have clear rules; they provide only general principles, and then everything depends on the interpretation of individual traders. That is, people are given a certain freedom, allowing them to refine the rules to fit their own view and understanding of the market.

A fairly standard situation: a trading strategy is discussed on the forum, people share their experience, and then some programmer comes along and proposes to write an expert advisor. Almost always, the resulting development brings only a blown account. Although, it would seem, before the robot was written the strategy worked and made a profit. The same thing happens when an expert advisor shows millions and billions in the tester, but blows real accounts.

The problem here is the absence of the artist's (developer's) perception. In life and in trading, for some questions you do not need to look for an answer to "Why does it work this way?" or "How can it be made better?" Some things need to be accepted as they are. In other words, there is no need to engage in over-optimization, trying to create the ideal expert advisor. While something works, it should be used. In life everything is unstable, so over time something may stop working, and this is completely normal.

Usually, if someone posts a strategy, forum members immediately rush to test it. After getting a not very pretty result, people become disappointed and forget about the trading system forever. In fact, in a strategy you need to look at what attracts your attention. If you take even one idea or point from the strategy, there is already value in that. It is much more important than finding a ready-made working strategy to have your own development assembled piece by piece. No one is asking you to invent it, everything has long since been invented.

However, if you have found a ready-made strategy that you liked, it is very important to make at least some change. Even if it is only changing the period of a moving average or its type. Adapting it to yourself is very important, because emotional comfort is very important for us.

1st paradox - the more you need money, the more likely you are not to earn it or even to lose it. You begin to look for opportunities where they do not exist and cannot exist. Therefore, the old rule works here: come to the market only with what you can afford to lose.

2nd paradox - the more mistakes you make, the more likely you are to achieve success. A master made mistakes more times than a beginner ever tried.

3rd paradox - the more certain you are that you are right, the more likely you are to be mistaken. Therefore, you must always allow a degree of doubt, without drowning out the critical point of view.

People think that a strategy must always work perfectly: in every year, on all timeframes and instruments. In fact, principles that work on long-term positions are not suitable for trading on short timeframes, and vice versa.

Sometimes cardinal changes occur, such as the 2008 crisis or the unpegging of the Swiss franc from the euro. All this can significantly affect how strategies and models work: some stop working, while others, on the contrary, reveal their potential. Therefore, when testing a trading system on history, it is not at all necessary for it to work perfectly always and everywhere.

The dark side is, first of all, inside you:

Partly, the dark side also includes intuition, or rather, its incorrect interpretation. After all, in essence, intuition is the knowledge and experience you have accumulated.

An important point that many neglect both in trading and in life is the question of giving back to the world, namely: helping others, forum threads, charity, and not striving to take everything for yourself. In life, you need to give 10 times more than you take, and then things will start coming to you. You do not have to give money; you can give help or advice. Even by helping with the answer to a simple question, you will notice that things will start going better for you.

The first level is when you simply start earning something. For this, in fact, it is enough just not to be foolish, not to mess around, and not to be the "smartest one".

The second level is that you need to be more attentive and increase your volumes.

The third level is that you need to eliminate all your flaws both in psychology and in strategy, keep a trade journal of trades, and do everything that is routinely advised on the Internet.

Many people get stuck even below the first level because they try to move straight to the third: they try to be perfect, they try to break themselves. Perfectionism is often to blame for this. Why, for example, does everything work out well on a demo account? Because psychology has no influence there; there, you do not do foolish things and do not overthink.

There is a rule like this (the Pareto principle): do everything to 80%, because the remaining 20% will take you a very long time and be very difficult. For example, if a strategy is, in your opinion, ideal by 80%, that is enough. There is no need to strive to bring it to perfection.

Always try to create something of your own. Even if it is borrowing other people's ideas, you will feel more comfortable trading by your own rules. It is not worth always striving for the ideal; if something works, it should be used. Do not give in to the dark side and try to give back, even if it is just helping beginners on the forum.

Sincerely, Pavel Vlasov TradeLikeaPro.ru