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Attachments: M30 Rainbow Madness
Exit Attachments

M30 Rainbow Madness

  • Post #1
  • Quote
  • First Post: Edited Aug 30, 2009 11:56am Aug 27, 2009 9:54am | Edited Aug 30, 2009 11:56am
!!! FOR RAINBOW MADNESS v2!!! http://www.forexfactory.com/showpost...7&postcount=17
Rainbow Madness - Simple trend trading.
Trend is your friend - don't trade against it. If you do and you earn with forex - I'm surprised.

I hope you'll help me to make this system better.

For those who don't use MetaTrader:

Set 06 Set 07 Set 08
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
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 32 KB
Attached File(s)
File Type: doc RAINBOW MADNESS.doc   189 KB | 2,105 downloads
File Type: mq4 RainbowMMA_06.mq4   3 KB | 3,088 downloads
File Type: mq4 RainbowMMA_07.mq4   3 KB | 1,993 downloads
File Type: mq4 RainbowMMA_08.mq4   3 KB | 2,096 downloads
File Type: tpl rainbow.tpl   3 KB | 1,631 downloads
Thanks for your contribution, I will check it out over the next few days.
EUR/JPY just hit profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 40 KB
There are some things that I forgot to mention in doc.

*If SL is too big than wait if there will be a pullback. If there is enter on pullback. If the pullback is happening when profit was hit wait for next signal.
*Chose few pairs and trade em to be more profitable. Don't jump around 20 pairs all time.
Some more examples

I have 10 ema open and 8 ema colse on this chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 41 KB
Click to Enlarge Name: 2.PNG Size: 47 KB
I have added stoch cross to my chart to be more profitable. Se example.
Settings:
8.3.3
Overbought - 75
Oversold - 25

To understand why this indi doesn't give all cross signals add usual stoch with these settings and see. Stoch must go in overbougt/sold area before making cross. if it doesn't atached indi won't give a signal. To understood better just do what i said - add usual stoch with these settings and see.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.PNG Size: 36 KB
Attached File(s)
File Type: mq4 _Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 1,011 downloads
interesting...have you done live trading on this? whats the % of success by this method?

Thanks
  • Post #8
  • Quote
  • Edited 3:05am Aug 28, 2009 2:52am | Edited 3:05am
I'm trading this method for 3 days now and started to trade it live yesterday.

todays profit hit . +55 pips

this wasn't 100 % right to take this trade since rainbow wasn't in eight order.
Attached Image (click to enlarge)
Click to Enlarge Name: aa.PNG Size: 27 KB
I like you strategie. Do you have any good exit method?
Best regards.
Sasa
Quoting sasavisnic67
I like you strategie. Do you have any good exit method?
Best regards.
Sasa
I have upgraded this strategy. It has much safer entery points and exit strategy is upgraded too.
Soon I will upload rainbow madness v2
I'm just very tired now.. you can wait for v2 tomorrow
Trader100 your 8ema 10 ema of open is very superb.Since I do not use Metatrader,please let me know the parameters of the Rainbow moving averages,Type i.e whether they are EmA,SMA etc of the Rainbows 6/7/8.

Thanks & regards
Quoting devadas
Trader100 your 8ema 10 ema of open is very superb.Since I do not use Metatrader,please let me know the parameters of the Rainbow moving averages,Type i.e whether they are EmA,SMA etc of the Rainbows 6/7/8.

Thanks & regards
Hey.

Set 06

68 EMA
65 EMA
62 EMA
59 EMA
56 EMA
53 EMA

Set 07

50 EMA
47 EMA
44 EMA
41 EMA
39 EMA
37 EMA

Set 08

35 EMA
33 EMA
31 EMA
29 EMA
27 EMA
25 EMA
use the 30 minute for long term trend and use 5 minute chart for entry and exit strategy.

explanation:
30 minute chart is above the rainbow.
5 minute close the price by 2 arrows above the rainbow =long

you also see 2 not valid signals, price close below the rainbow.
Attached Images
Quoting dutchsignals
use the 30 minute for long term trend and use 5 minute chart for entry and exit strategy.

explanation:
30 minute chart is above the rainbow.
5 minute close the price by 2 arrows above the rainbow =long

you also see 2 not valid signals, price close below the rainbow.
Nice dutchsignals
You can trade like this as well
Waiting eagerly for your Rainbow madness V2
Quoting devadas
Waiting eagerly for your Rainbow madness V2
You'll have to wait for few mins I'm now explaining Pt and Sl.
RAINBOW MADNESS v2
Attached File(s)
File Type: doc RAINBOW MADNESS v2.doc   397 KB | 2,518 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 732 downloads
If there is something that I have not mentioned in v2 just say.
Hi Trader100,

with how many % of your account are you use this system and for which pairs is it profitable??
Quoting dutchsignals
Hi Trader100,

with how many % of your account are you use this system and for which pairs is it profitable??
everyone knows 2 % rule. That's all.. If you have big account you can risk 1 % and be happy.

I don't like to use it on EU. Something is not working with it.
I like to trade:
GBP/JPY
EUR/JPY
GBP/USD
I concentrate on these three. You can backtest strategy and see yourself which pairs are better
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