M30 Rainbow Madness | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RiskyFX-M30 System 117 replies

Pulse M5, M15, M30,H1+ 9 replies

London Open Breakout-M30 57 replies

EU M30 system 7 replies

Different between time frames M30 1H and 4H 2 replies

Attachments: M30 Rainbow Madness
Exit Attachments

M30 Rainbow Madness

  • #1
  • First Post: Edited Aug 30, 2009 10:56am Aug 27, 2009 8:54am | Edited Aug 30, 2009 10:56am
!!! 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 | 2,478 downloads
File Type: mq4 RainbowMMA_06.mq4   3 KB | 3,550 downloads
File Type: mq4 RainbowMMA_07.mq4   3 KB | 2,404 downloads
File Type: mq4 RainbowMMA_08.mq4   3 KB | 2,522 downloads
File Type: tpl rainbow.tpl   3 KB | 1,971 downloads
  • #2
  • Aug 27, 2009 9:18am Aug 27, 2009 9:18am
Thanks for your contribution, I will check it out over the next few days.
  • #3
  • Aug 27, 2009 9:21am Aug 27, 2009 9:21am
EUR/JPY just hit profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 40 KB
  • #4
  • Aug 27, 2009 10:00am Aug 27, 2009 10:00am
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.
  • #5
  • Aug 27, 2009 10:29am Aug 27, 2009 10:29am
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
  • #6
  • Aug 27, 2009 1:54pm Aug 27, 2009 1:54pm
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 | 1,330 downloads
  • #7
  • Aug 27, 2009 9:27pm Aug 27, 2009 9:27pm
interesting...have you done live trading on this? whats the % of success by this method?

Thanks
  • #8
  • Edited 2:05am Aug 28, 2009 1:52am | Edited 2:05am
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
  • #9
  • Aug 28, 2009 3:25pm Aug 28, 2009 3:25pm
I like you strategie. Do you have any good exit method?
Best regards.
Sasa
  • #10
  • Aug 29, 2009 2:04am Aug 29, 2009 2:04am
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
  • #11
  • Aug 29, 2009 1:12pm Aug 29, 2009 1:12pm
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
  • #12
  • Aug 30, 2009 2:12am Aug 30, 2009 2:12am
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
  • #13
  • Aug 30, 2009 6:02am Aug 30, 2009 6:02am
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
  • #14
  • Aug 30, 2009 6:33am Aug 30, 2009 6:33am
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
  • #15
  • Aug 30, 2009 7:30am Aug 30, 2009 7:30am
Waiting eagerly for your Rainbow madness V2
  • #16
  • Aug 30, 2009 8:32am Aug 30, 2009 8:32am
Quoting devadas
Waiting eagerly for your Rainbow madness V2
You'll have to wait for few mins I'm now explaining Pt and Sl.
  • #17
  • Aug 30, 2009 10:55am Aug 30, 2009 10:55am
RAINBOW MADNESS v2
Attached File(s)
File Type: doc RAINBOW MADNESS v2.doc   397 KB | 2,819 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 1,015 downloads
  • #18
  • Aug 30, 2009 10:56am Aug 30, 2009 10:56am
If there is something that I have not mentioned in v2 just say.
  • #19
  • Aug 30, 2009 11:59am Aug 30, 2009 11:59am
Hi Trader100,

with how many % of your account are you use this system and for which pairs is it profitable??
  • #20
  • Aug 30, 2009 12:08pm Aug 30, 2009 12:08pm
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
0 traders viewing now