Introduction to the Grab Candles Forex System
The Grab Candles Forex System is a trend-following forex strategy with colorful candles that define trend direction. These candles work together with Woodies CCI to provide trading signals. Simply speaking, when the candles are green and Woodies CCI bars are blue – a trader should look for buy trade opportunities. Conversely, when the candles are red and Woodies CCI bars are red – a trader should look for sell trade opportunities
The Grab Candles Forex System fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart and in one window just below it. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Grab Candles Forex System in MT4?
Download the Grab Candles Forex System.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Grab Candles Forex System into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Furthermore, to run the Grab Candles Forex System you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Grab Candles Forex System.tpl file into that folder. Now select the file and click Open to load the system on your chart.
The Grab Candles Forex System is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.
Download Free MT4 Grab Candles Forex System
To download the Grab Candles Forex System for Metatrader 4 (MT4) for free just click the button below: