I wanted to share a trading strategy/indicator with you. I have found it to be very accurate, easily in access of 75% ITM if you follow the rules. First, I am NOT the creator of this strategy/ indicator. This is a creation of Steve Hopwood and forum member that goes by the name nanningbob over at the SteveHopwood forum. Second, I know some of you are going to see the name of the indicator and freak out. I will leave this quote directly from the creator. "HGI stands for Holy Grail Indicator. Now that does not mean it it 100% accurate but that it finally attains my goals I set out to do years ago with my 10.xxx series." With that out of the way, lets move on to the actual indicator.
I have attached screen shots of what the indicator looks like on your charts on two different time frames, the 5M and the 4H. I have also attached the PDF file that describes the indicator in detail, how it was created, why it is the way it is and EXACTLY how to use it. It is 37 pages long so clearly not something that was half ass created.
**Important Note** I have found this through my own personal trading experience using this system. When the Big Green/Red trend arrows appear, WAIT until the candle closes, change to another time frame and back again real quick and make sure the arrow stays where it is. If it does, take the trade, if not don't.
The Yellow wave lines mean the end of a trend and you should exit your position. The Blue wave lines mean the start of a new trend is imminent.