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Scalping the Rainbow

  • #121
  • Aug 9, 2008 3:45pm Aug 9, 2008 3:45pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting sentinel
4xq,

This is what I am struggling with....can you give me some feedback on how you would trade this area? I know it may be outside of normal traing hours, but these types of consolidations do happen during normal hours also... detailed feedback here would be great!

Thanks!
I won't trade that period with this sys. First rule of engagement...have a trend. I take first sigal after openning, but there is a trend from before, resurected...like we had Fri, the trend started at London open.
"Money is only a part of wealth" Q.
  • #122
  • Aug 9, 2008 3:51pm Aug 9, 2008 3:51pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting madscalp
Laguerre is faster and the best http://www.forexfactory.com/images/icons/icon10.gif
Why not super signal ?
SS is best if works, I already made a sys with it
Looks that you didn't get the golden egg, that is every Wednesday, when they pay triple interest...actually has nothing to do with the rainbow
That is BUY LOW SELL HIGH, and maybe collect the interest on the money you borow from your broker
LG is on that chart too, I put indy's only for u guys to see what's hapenning



"Look at the big picture, they say is 1K words"
Q
"Money is only a part of wealth" Q.
  • #123
  • Aug 9, 2008 4:04pm Aug 9, 2008 4:04pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting madscalp
Same trade in 4 H TF.
Already 240 pips and it is not finished !
This method is also amazing with higher TF.
Great, when will work 100% on 1min, will work in all TF
"Money is only a part of wealth" Q.
  • #124
  • Edited Aug 10, 2008 11:30am Aug 9, 2008 4:38pm | Edited Aug 10, 2008 11:30am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Looks out that the wolf cub grew a lot in a week I made the rules for my Monday trading and is an upgraded version, so I will call it
XP Wolfenstein v1.1

Rules:
1. 1min rainbow with a trend
2. Wait after open and news
3. Snake goes into colors and then re-emerges
4. Entry: #3 + LaG signal or break of s/r
5. SL=12 + spread
6. Exit: CCI(21) trend lines meet
7. Eat something and have fun
Attached Image (click to enlarge)
Click to Enlarge Name: 06 fri aug08.2008.eur2.gif Size: 68 KB
"Money is only a part of wealth" Q.
  • #125
  • Edited 9:49pm Aug 9, 2008 4:48pm | Edited 9:49pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Vertical lines...green= 8am & 12pm EST
red=entries (short), blue=exits, yellow=trend lines
See cci trend lines how work? if they go in a pendant is time for reversal...if the price moves in one dir and cci in oposite, signals EARLY a posible trend reversal
"Money is only a part of wealth" Q.
  • #126
  • Edited 9:51pm Aug 9, 2008 4:58pm | Edited 9:51pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Better not to take last entry on all 3 charts, price didn't come out. would had made litlle profit or small loss.
lines here: blue=entry (long), red=exit
"Money is only a part of wealth" Q.
  • #127
  • Aug 9, 2008 5:15pm Aug 9, 2008 5:15pm
Quoting 4xq
Better not to take last entry on all 3 charts, price didn't come out. would had made litlle profit or small loss.
lines here: blue=entry (long), red=exit

Great set of rules 4xq - thank you! I had a chuckle earlier when I read about you being german, therefore very precise. I am irish, and about as opposite from that as can be! Rules are essential for me...

Question on your last chart....CCI is not showing as 21, and are your entry and exit lines accurate there?

Thanks

Sentinel
  • #128
  • Aug 9, 2008 8:19pm Aug 9, 2008 8:19pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting sentinel
Great set of rules 4xq - thank you! I had a chuckle earlier when I read about you being german, therefore very precise. I am irish, and about as opposite from that as can be! Rules are essential for me...

Question on your last chart....CCI is not showing as 21, and are your entry and exit lines accurate there?

Thanks

Sentinel
Ups, you're right, should be cci21...works with 14 too I don't see very good and I missed that...I have to redo it...thx for pointing that
Well, those are just the rules I'll try monday, so will see how they work
Sticking to the rules exactly is esential
"Money is only a part of wealth" Q.
  • #129
  • Edited 9:07pm Aug 9, 2008 8:53pm | Edited 9:07pm
I think I figured out a rule that could work.

Lag going down 0.85 and CCI closer to 0 then 100 on a short.

On the chart on post #125, you could of shorted at Lag 0.85 and when you look at the CCI going below -250 you exit, and it could of been ~40 pips.
  • #130
  • Edited 10:13pm Aug 9, 2008 9:58pm | Edited 10:13pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting sf0d
I think I figured out a rule that could work.

Lag going down 0.85 and CCI closer to 0 then 100 on a short.

On the chart on post #125, you could of shorted at Lag 0.85 and when you look at the CCI going below -250 you exit, and it could of been ~40 pips.
I'm editing those, has to change
"Money is only a part of wealth" Q.
  • #131
  • Edited Aug 10, 2008 1:07am Aug 9, 2008 10:15pm | Edited Aug 10, 2008 1:07am
Let me take back my last post, I think I found something that may work, but unfortunately, the Lag indicator only shows the last 16 hours.

2 Laguerres: 0.66(red[lag1]) and 0.80(white[lag2]). Levels 0.85, 0.15, & 0.45
CCI: 21

Short:
1. Lag1, going down and at 0.85.
2. Lag2, above 0.85 or - between 0.45 and 0.15(needs more testing)-
3. CCI very close to 0(needs more testing)

Exit:

Still working on.

So far these rules seem to be working.

Changed some the rules, going to do some more research going to to calculate the possible percentage of successful trade and will try to get it to about 90%
  • #132
  • Aug 9, 2008 11:32pm Aug 9, 2008 11:32pm
they look like they both will work on charts but in past i tried to use these two and they dont seem to line up with price action too well
  • #133
  • Aug 10, 2008 1:40am Aug 10, 2008 1:40am
GBPUSD
84.77~% successful with the following rules.

Quote
2 Laguerres: 0.66(red[lag1]) and 0.80(white[lag2]). Levels 0.85, 0.15, & 0.45
CCI: 21

Short:
1. Lag1, going down and at 0.85.
2. Lag2, above 0.85 or - between 0.45 and 0.15(needs more testing)-
3. CCI very close to 0(needs more testing)

Exit:
Still working on.
  • #134
  • Aug 10, 2008 1:56am Aug 10, 2008 1:56am
Quoting sf0d
GBPUSD
84.77~% successful with the following rules.
It's fine.
Could you post a template ?
How long tests ?
  • #135
  • Aug 10, 2008 2:10am Aug 10, 2008 2:10am
Quoting madscalp
It's fine.
Could you post a template ?
How long tests ?
Well my Laguerres only seems go back 16 hours, so that's 16 hours of testing.

Anyways here's the template.

I'm also using another indicator that seems to show a indication that the pip drop will be low which is good because some of the spreads on the currencies can be as big as the drop.
Attached File(s)
File Type: tpl scalping the rainbow.tpl   18 KB | 1,298 downloads
  • #136
  • Aug 10, 2008 2:44am Aug 10, 2008 2:44am
Quoting sf0d
Well my Laguerres only seems go back 16 hours, so that's 16 hours of testing.

Anyways here's the template.

I'm also using another indicator that seems to show a indication that the pip drop will be low which is good because some of the spreads on the currencies can be as big as the drop.
16 hours are not enough to conclude
wait and see
  • #137
  • Aug 10, 2008 4:00am Aug 10, 2008 4:00am
Hi,

To see more of the lag, just go to the Lag properties ... Inputs tab ..... and change the count bars, I have mine at 10000, the Lag will them go back 10000 candles.

Best to change it back after you have done research as it may slow the chart down if left set high.
  • #138
  • Aug 10, 2008 9:54am Aug 10, 2008 9:54am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Sorry guys, I can't post for a while, We had chaos here, massive explosions this early morning....we thought we are hit by nuclear blasts
"Money is only a part of wealth" Q.
  • #139
  • Edited Aug 11, 2008 1:12am Aug 10, 2008 2:35pm | Edited Aug 11, 2008 1:12am
Hi 4xq, hope you and your family are all OK, look forward to you posting again and carrying on with the development of the rainbow.
  • #140
  • Aug 10, 2008 10:11pm Aug 10, 2008 10:11pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Hi guys, I'm back...was just a bit like a war zone around here, but we are all good thank God. Thanks for the concern
I edited the rules I put up, so please read again if interested
"Money is only a part of wealth" Q.
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