Yes. Using the Google Ads tracking template is enough for ClickGuard to log and process clicks and apply (some) protection rules. However, without the tracking code, you won’t benefit from several useful rules and settings, such as:

• Device tracking
• Time on-site rules
  
• No Device rules
  
• Conversion rules
  

Hint: It is highly recommended to install and use the website tracking code on your website(s).

More information:

• What is the ClickGuard tracking code?
• How to install the ClickGuard tracking code?
• How to install the ClickGuard tracking code with Google Tag Manager?