Categories: Introduction to MQL5

20 Pip Challenge: Using Google Sheets for Forex Trading

The 20 Pip Challenge is a popular Forex trading strategy which uses Google Sheets to help traders become better at analyzing their trades. The strategy focuses on finding areas where traders can enter and exit trades for a 20-pip profit while minimizing risk. The strategy involves identifying a potential entry point on the chart, setting algorithms to monitor the open order, and then tracking the progress of the order using the Google Sheets platform. By using Google Sheets, traders can easily set up automated programs to manage their trades and perform complex calculations. This strategy aims to improve trading accuracy by making extensive use of technical indicators, automated rule-based strategies, and detailed charts.

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