The Grab Candles Forex Indicator System is a trend-following forex indicator strategy with colorful candles that define forex trend direction. These chart candles work together with Woodies CCI to provide trading signals. For example, when the candles are green, and Woodies CCI bars are blue – a trader should look for buy-entry 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 Indicator System fits all timeframes and mt4 currency pairs. It is shown directly on the main trading mt4 chart and in a window below. The main default settings can be modified directly from the input tab. Feel free to test out the settings and parameters to fit your preferences.
Set up the Grab Candles Forex Indicator System in MT4.
Download the Grab Candles Forex Indicator System.zip archive at the bottom of this post, unzip it, then copy and paste the forex indicators files of the Grab Candles Forex Indicator System into the MQL4 folder of the MetaTrader 4 Forex 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.
Furthermore, you must copy the template file into the templates folder to run the Grab Candles Forex Indicator System. To proceed, right-click on a chart, then indicator Template > Open Templates, and copy the Grab Candles Forex indicator System.tpl file into that data folder. Next, select the file and click Open to load the forex system on your chart.
The Grab Candles Forex Indicator System is worth adding to your forex trading collection. A good forex Indicator strategy will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other forex technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, this forex trading system provides false entry signals occasionally. Its performance will vary significantly depending on market conditions.