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I hear many people saying statements along the lines that, there is no holygrail. That after years of searching they realized, there was no holygrail. Also, I think that, the ones who are grail seeking, dont like to admit to it. It is also common practice to make fun of ourselves and others when it comes to grail seeking. I would like to talk about some of these things in a serious objective manner, with thought that is both outside of the box, and outside of the loop.
First i would like to say that the existance of the holygrail can be mathematicly proven.
When man planned his trip to the moon, he did so with mathimatical proofs, probably thousands, this was how the project was brought to completion. The famous E = mc² mathimatical proof proves that energy and mass are equivalent and transmutable, the only way to prove it was with mathematics. So I think that in the same fashion the elusive holygrail that sometimes plays tricks on us should be proven and put to rest.
Secondly there is only one holygrail, there are not 2 nor 3 nor 10 nor 50, mathematicly there can only be one holygrail.
The reason for this is because in order to earn the title of holygrail a system would have to earn the highest possible profit achievable. And that is, the "highest possible profit point"... and it is impossible to go beyond the "highest possible profit point," profit beyond it, does not exist.
So, out of all the EA's and Trading strategies you have come across in your life, which one do you think gets the closest to the "highest possible profit point"?
think about it....
Now if the holygrail was ever made, it could only, and would have to be, based on this strategy.
The strategy, in the end, is the martingale setups, like blessing ea or v1v2 ea. so the holygrail if it gets made will have to originate from there.
Finaly, we can give the holygrail confusion some rest, now that we have an idea of what it is and where it is at.
Last edited by elitecamper; 08-10-2007 at 10:42 PM.
I agree that a grail is possible. By saying this I mean that one person's grail may not be that of another's.
If saying the grail is achieving the "highest possible profit point", I think that one would have to have a system trading every currency pair possible, achieving the maximum profit opportunities 100% of the time. This may be unrealistic.
Mathematically I think a "grail" is possible. Each trader's grail would fit their own individual trading criteria. Every trader has their own limitations as to sustainable draw downs, initial equity, and amount of risk. This is why I say one person's grail may not be that of another's.
Martingale systems will eventually prosper, but if a trader does not have enough equity to sustain the draw downs, then this type of system is not their holy grail.
In my opinion, a grail would have to keep draw down to a minimum, and not take repeated stop losses. Stop losses kill many EA's and the accounts they are managing. Figure out a way to manage a losing position without taking a SL and killing your equity. If this can be figured out, many people's "grails" will be much closer to reality.
When I mentioned the "highest possible profit point" i meant it in this way: Only trading one pair, the "highest possible profit point" is meant in pips. What is the highest number of pips a system can squeeze out of a single pair?
and i was making an observation that martingale systems squeeze out the highest amount of pips from only one pair. compared to any other system.
but i hear ya, on what your talking about. I would like this thread to be used to brainstorm and explore creative solutions to the problems that plague martingale systems. i have some ideas i been working on and i will post them here in the near future. right now im a little tired. i want to do a good job at explaining them so they can be understood by everyone.
Last edited by elitecamper; 08-10-2007 at 10:43 PM.
Guys i want to clarify something here. and read my words very carefully, pls.
The purpose of this tread is not to seek the holygrail, this thread is anti holygrail seekage. Because, how can you seek something if u already know what it is and where it is at?
like i said in my first post the holy grail can be mathematicly proven, and there is just one.
this thread is not here to find a holy grail and make alot of money.
no, that is not the intended purpose of this thread.
The purpose of this thread is to make the real holy grail. I believe that there is more reward in the actual creation of the real holy grail than any of its potential profits.
I wanted to make that point very clear here, I want everyone to understand what this thread is about.
I dont mean to be pretentious with all of this ok guys. so i will continue to develope the thread, it is here for everybody.
i will soon post an intresting idea that will serve as the foundation for the EA.
Last edited by elitecamper; 08-10-2007 at 10:16 PM.
Guys i want to clarify something here. and read my words very carefully, pls.
The purpose of this tread is not to seek the holygrail, this thread is anti holygrail seekage. Because, how can you seek something if u already know what it is and where it is at?
like i said in my first post the holy grail can be mathematicly proven, and there is just one.
this thread is not here to find a holy grail and make alot of money.
no, that is not the intended purpose of this thread.
The purpose of this thread is to make the real holy grail. I believe that there is more reward in the actual creation of the real holy grail than any of its potential profits.
I wanted to make that point very clear here, I want everyone to understand what this thread is about.
I dont mean to be pretentious with all of this ok guys. so i will continue to develope the thread, it is here for everybody.
i will soon post an intresting idea that will serve as the foundation for the EA.
good thread, I'm prefer to find scientific holygrail ...I'm sure we can make it ..I think we should begin from the basic of technical analysis ...perhaps the very old textbooks can help us ....just my 2 cent
I agree that the Holy Grail is mathematically possible but I am not so sure the answer is in technical analysis, at least not in the sense we use indicators today.
Linear indicators in a non-linear market don't seem to be the answer. Maybe some sort of AI that is trend following but uses hedges to manage DD ?
One thing I am certain of, though: Due to human nature, we will never stop looking for the solution.
__________________ "Time is a great teacher, unfortunately it kills all of its students"
orion and wolfy im working in those areas too! definitely something great with AI, money management, and hedging that will really give the martingale good competition. but i think the martingale will make more pips, AI with money management is more consistant for now...
here i have an idea for u guys i think u will like it.
run your AI with money management. and then hedge it by running a reverse AI with money management. Also use tighter stop loses on both. oh and dont forget to optimize every day on previous 5 days data lower time frames and 10 days data on higher time frames. it is AI after all right.