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Forex factory rainbow scalping

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Rainbow just found a strategy that should be easy for anyone here. All these trades were profitable. But you can not see 7. I just can say it was hit. Just so you believe me there is another pic. If you would take some forex after trade 8. Your profit would still get hit as you can see last move down. If we take a look at these examples we can say that we go long if price is above RAINBOW and short if price is below RAINBOW. We can also say that we go long or short if rainbow colors are in right order. We want for price to find support somewhere in rainbow NOT somewhere on other side of rainbow. So stoploss and take profit. Real art is to place take profit right. I use FIB levels as TP. If you like you can add 50 EMA, 89 SMA, SMA, SMA, EMA and use them as profit areas. Also you can use big numbers. Rainbow 07 is above rainbow 06 scalping rainbow 08 is above rainbow 07 10 ema and 12 ema cross. Rainbow 08 is below rainbow 07 and rainbow 07 is below rainbow 06 10 ema and 12 ema cross. If you dont you have to put these on your chart: Like 5 EMA open ; 5 Scalping close etc. Stoch — If you want you can use usual stoch but it takes some room so I like to use stoch alert. If you want to use usual stoch than put it on your chart with stoch alert just so you could understand why usual stoch gives many more signals. Cuz everyone of them improves other. They give many false signals but Stoch helps to escape them. Heiken Ashi candles work together with Rainbow. I have added 2 levels to MACD: The are between them is called Silent Zone. Why do I need this stupid channel you ask? Everything is showing that price is going down: With this I mean that we enter trade only on next 4 candles after stoch makes a cross. One thing about stoch alert. Stoch makes cross AFTER arrow candle ends. LONG — MACD is above 0 factory out of Silent Zone factory previous candle is green. Stoch has made a cross. Arrow on my chart. REMEMBER — stoch has made a cross after arrow candle. So first candle when we can enter trade is candle after arrow candle Rainbow is in right order. Price bounces off somewhere in rainbow. Forex heiken ashi candle is blue. REMEMBER - 4 candles! SHORT — MACD is below 0 and out of Silent Zone and previous candle is red. Previous heiken ashi candle is red. And now — Take Profit and Stop Loss. TP- Fibo levels R: What I want to discuss is on "Rainbow Madness V2" as I hardly understand some of them. All the MMA's is for Metatrader First I think you should Factory through the rainbow a couple of time before asking questions. I think everybody will get DIFFERENT results, trading in general is SO MUCH MORE THAN A STRATEGY. In the end forex all about YOURSELF, and how YOU are trading. That is why some people are making money, while others are loosing. Try to find your own strenght and weaknesses. Thanks for sharing this Azim. Honestly i try different types of strategy and i am working with zigzag,im trying to catch a big move. As i have tested this system,it can grab pips and above per trade but i tested only rainbow madness V1. Active traders Poll - share your live experience or read what others have to say. Forex What is Forex? FXCM App Store Trailing stop EAs MT4 Forex Scalping Tips and Facts Forex Brokers Scalping systems Forex systems with MT4 custom indicators Systems in development Create own Forex system Forex Trading Tips Forex indicators Forex Polls - results FSR Forex Forum. Who's online There are currently 11 users online. Submitted by User on June 14, - Submitted by Azim Hello everyone. Just so you believe me there is another pic If you would take some trades after trade 8. So first of all what we need: Rainbow MMA06 Rainbow MMA07 Rainbow MMA08 For those who don't use MetaTrader: MMA06 MMA07 MMA08 68 EMA 50 EMA 35 EMA 65 EMA 47 EMA 33 EMA 62 EMA 44 EMA 31 EMA 59 EMA 41 EMA 29 EMA 56 EMA 39 EMA 27 EMA 53 EMA 37 EMA 25 EMA We have to add 2 EMAs as well: In my chart — 06 is green, 07 is purple, 08 is blue. So SL and TP examples. WHITE — SL and BLUE - TP And rules: Rainbow 07 is above rainbow 06 and rainbow 08 is above rainbow 07 10 ema and 12 ema cross Short: Rainbow 08 is below rainbow 07 and rainbow 07 is below rainbow 06 10 ema and 12 scalping cross Next is the improved version Scalping MADNESS V2 What we need for RAINBOW MADNESS v2: Just so it would be easier for you. Why we need all these indicators? Hi can u get the Rainbow. By the way thanks, sounds. Mat, First I think rainbow. Mat, First I think you should READ through the post a couple of time before asking questions. Just my 2 cents worth anyway. DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Forex bonus Video course. How To Double The Account In 1 Day? Home Factory trading system 15 Rainbow Madness Submitted by User on June 14, - WHITE — SL and BLUE - TP. DailyFX Dukascopy Saxobank InstaForex.

5 thoughts on “Forex factory rainbow scalping”

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