This looks like the old "guppy" trading system which has been around for decades. Is this the same?
Trend Follower m1 Scalping WITH m5 Revised Rainbow Setup 56 replies
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rainbow ema mma quick questions.. 3 replies
DislikedHi 4xq
I don't understand your 1st trade:
in 5m, the trend is flat and i don't see anything about the indies which allows an enter.
Happily for you, the trade is good.
The 2nd is curious too.Ignored
DislikedThis looks like the old "guppy" trading system which has been around for decades. Is this the same?Ignored
DislikedHi 4xq, did you change rules in the first post or somewhere else?
Could you post your updated template please with indies that you use now?
thank you!Ignored
Disliked4xq Hello!
You only see graphics on 1M? as you believe is best?
I try and work well at 15M!
When the thin white line enters the rainbow and all indicators are already able to agree to enter into this position?
You can clarify a little? thank you very much!Ignored
DislikedOk, this method is clearly a skill which takes work, and brilliant ideas. I've had successes, and then got my rear end handed to me, all in the same session. Let's keep this going and share what works. Is it time frame? Is it indicators? Can we fine tune the method? I don't know, but what I do know, is when I look at the rainbow charts, the direction of the market is clearer than anything I've seen in this forum in my years of daily studying. What is preventing me from consistant profitable trades? Please share as many ideas as possible until we figure this out. Don't give up this thread, test with small lots, on multiple time frames, and continue to share. To me, this method looks too good to discard without much more testing and experimenting. Remember, if it was easy, everyone would be doing it. Let's go!Ignored
DislikedWe build this sys for scalping...I don't have lower TF than 1min yet. When works well on 1m, will work perfect on higher TF
Enter when the price (thin white line) goes into colors and then comes back + indies signals or s/r break
Latest rules on post 124Ignored
Dislikedit works always better:
1. if you see clear trend hourly and hourly trend line is not broken
2. if volatility for current day already 50 pips at least
It works well with volatility and in direction of trend...Ignored
DislikedHi 4xq, Teaching people what had took u time to discover free worth appreciating.Thanks and GOD BLESS. Pls what is the setting or input for the Lag u are using. Nerry.Ignored
DislikedOk, this method is clearly a skill which takes work, and brilliant ideas. I've had successes, and then got my rear end handed to me, all in the same session. Let's keep this going and share what works. Is it time frame? Is it indicators? Can we fine tune the method? I don't know, but what I do know, is when I look at the rainbow charts, the direction of the market is clearer than anything I've seen in this forum in my years of daily studying. What is preventing me from consistant profitable trades? Please share as many ideas as possible until we figure this out. Don't give up this thread, test with small lots, on multiple time frames, and continue to share. To me, this method looks too good to discard without much more testing and experimenting. Remember, if it was easy, everyone would be doing it. Let's go!Ignored
1m chart with the WMMA(2-200) Rainbow and CCI(21)
Determine the major trend (look at 5m to 1H)
Determine best time to trade (good volatility). Don't trade at open or news time; wait until price goes in dir of major trend
Entry: - Price re-emerge from at least a yellow dip + break s/r and closes there + optional confirmation from cci, laguerre or your favorite indy. Use TradeManager EA to handle stops.
Exit: After entry switch to 5m and exit on cci trend line break (close of bar) or trend lines cross time pivot
After you close swith back to 1m
Do this from your couch with your feet up and nibble on some cheese, breed from your favorite oxygen tank and have fun.