GRaB Candles Trading System – One of the best and simplest strategies is a simple trend-following approach that uses a trading indicator known as the GRaB Candle indicators.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: 15 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- Brain Trend 2Sig Alert
- Grab Candle Long
- Grab Candle Short
- Grab Candle Range
- Woodie CCI
BUY Rules
- Brain Trend 2Sig Alert: Blue arrow
- Grab Candle Long (green candles) above the Grab Candle Range (Channel MA)
- Woodie CCI:
- Green histogram
- CCI line upward and above 0 level
SELL Rules
- Brain Trend 2Sig Alert: Red arrow
- Grab Candle Short (red candles) above the Grab Candle Range (Channel MA)
- Woodie CCI:
- Red histogram
- CCI line downward and below 0 level
Trading NOTES
- Initial stop loss above or below the previous candle
- Best Risk Reward Ratio 1:2 or 1:3