50 pips candle system | Foreign exchange EA download - MT4/MT5 resources
Hello everyone!
For this system you need 2 pointers: a pen and some paper.
I only trade GBP/USD as there is usually a lot of volatility.
Whenever the price increases by 50 pips, I draw a green candle.
Whenever the price drops 50 points, I draw a red candle.
As a Renko chart, this system does not care about time and will draw a candle whenever the 50 pip is reached.
This is great for eliminating noise.
The system works well on both trend and range.
For this system you need 2 pointers: a pen and some paper.
I only trade GBP/USD as there is usually a lot of volatility.
Whenever the price increases by 50 pips, I draw a green candle.
Whenever the price drops 50 points, I draw a red candle.
As a Renko chart, this system does not care about time and will draw a candle whenever the 50 pip is reached.
This is great for eliminating noise.
The system works well on both trend and range.
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