I have added a 2nd Laguerre line @0.8 which is a longer TF. This is being used on another scalping system and indeed would have stopped this trade as it was falling. Also I have added a DMI @ period 8 and usingthe extreme point as a breakout whci helps with the momentum of the trade. I really like the rainbows as you immediatley see where you should be trading but its still a bit subjective. I found some Aussies using a similar approach on with TF on seconds so I tried 1min which is the lowest MT4 will go and with the 2 additions (don't use LAG's much) it seems to be paying off. 7 profitable trades today. Hope all that helps someone as we all need help.
I need some advise. I took a trade at the vertical line and was hit with a SL. May I know whether is this a valid trade? Thanks