Note the xxx exit... if you like to take risk, stay there and use x... There are so many setups and patterns in Cyrox Rainbow (that's why screen time)...

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DislikedLaci, you see, even LT marked it as ">>" entry, not just ">" entry. I skiped that period but the question is whether to exit if I see it going in opposite direction as far as -10.7 pips.Ignored
DislikedLT didnīt aprove this strategy. Anyway, i decided to publish it so it can be usefull to anyone.
Cheers
CarllosIgnored
DislikedWell, I read first about this kind of strategy a few years ago. This was used to be a strategy for noobs at roulette. But just think about it. If you will reach at the 5th level that means you enter with 16 lots and the final gain after that 5 level will be only 100$!! for a 1600$ risk, what if there is a 6th or 7 level? U will need 64 lots! and the profit will still be 100$, or am i wrong?Ignored
DislikedOne question Carllos: if one sustains a 90% win/loss ratio, why bother with martingale at all? why not going with multiple lots from the first go?Ignored
DislikedCouple nice trades @ 9:00 am est. I,m out. Left the big move for you guys, I cant take all the money.Ignored
DislikedYesterday I had a bad session for my rainbow scalp ...
guided with oanda chart and trade in efx was simply like chasing something never there, ...... oanda was half a second late always. I am sure it was because of the news etc. and entered on wrong side almost each time.
after relax a while, i thought i might try the ninja again.
Then, I open my ninja trader with its ugly 1 tick chart rainbow.. watch the price action there with oanda 5s chart below it just to get larger view and made 60 pips in 6 trade......
.
I guess I will have to move to better charting software to really make use of this rainbow system.Ignored
DislikedDo not worry... I am working on that issue... Linuxtroll may provide pure feed without any manipulation with 5 sec Rainbow only... That way Rainbow scalpers can trade with any broker... I will test it first, whether this will work or not... Easy if we can also use our BlackBerry or Windows Mobile 6... Good if it is a web based solution... Opera browser will work on many mobile devices... LoLIgnored
DislikedDo not worry... I am working on that issue... Linuxtroll may provide pure feed without any manipulation with 5 sec Rainbow only... That way Rainbow scalpers can trade with any broker... I will test it first, whether this will work or not... Easy if we can also use our BlackBerry or Windows Mobile 6... Good if it is a web based solution... Opera browser will work on many mobile devices... LoLIgnored
DislikedSounds great LT, I'd love to be able to trade from my pda wherever I am (but this does require that the broker also be mobile and I don't know of an ecn yet that is mobile--EFX was going that route, but we're still waiting...) I also have the same question others have noted--what is the best broker/platform for us to use. I have been using EFX so far as well as Oanda, but you had told us to not use a MM, so I may ditch Oanda...but need a good ECN--any other ideas? Again, thanks...pkIgnored
DislikedI have been using EFX so far as well as Oanda, but you had told us to not use a MM, so I may ditch Oanda...but need a good ECN--any other ideas? Again, thanks...pkIgnored
DislikedAre you not happy with EFX? I just funded my account with them. Not sure which platform to use, EFX Forex client or EFX Navigator (heard about Omega - not sure how it is or how to get it). I must admit I am rather attached to Oanda platform (just not their spreads, delay & outages). I also have Tradestation & notice that its feed is noticably earlier than Oanda. Not sure if I'm going to keep TS, since it involves a monthly cost (unless you use them as a broker, but for our purposes the spreads seem large). I have tinkered in the past with Xtick, which is a funky charting program, but it requires a sub too. LT has mentioned them in the past.
Any advice regarding how to get the most out of EFX/MBT would be appreciated, like docs, tips, etc.
WRT earlier comments about screen time, it's a necessity not only in order to recognize the setups that work, but also those that don't, after all a pip saved is a pip earned, or something like that...
Many thanks to all... I'm SLOWLY getting there...Ignored