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Scalping the Rainbow

  • #481
  • Mar 7, 2011 6:08am Mar 7, 2011 6:08am
Nice system but the EA only use 4 digit broker can any body make a new ea on 5 digit broker?
  • #482
  • Mar 7, 2011 9:38pm Mar 7, 2011 9:38pm
just add a "0" to the numbers.. eg: max loss 20 becomes 200
  • #483
  • Mar 8, 2011 1:51am Mar 8, 2011 1:51am
Quoting jimnz
just add a "0" to the numbers.. eg: max loss 20 becomes 200
THX, i change all digit but no trade open i use in m1 is it right?
  • #484
  • Mar 18, 2011 5:06am Mar 18, 2011 5:06am
its just a trade manager, not an EA. it wil manage your trades after u manually enter it..
  • #485
  • May 20, 2011 9:26am May 20, 2011 9:26am
What's the saying? There's a pot of gold at the end of the Rainbow?

Very simple system.

http://www.forexfactory.com/showthread.php?t=99048
  • #486
  • Jun 20, 2011 9:26am Jun 20, 2011 9:26am
Has anybody XP Rainbow in *.mql4 ?
  • #487
  • Edited 12:32pm Jun 28, 2011 12:21pm | Edited 12:32pm
Hi there, just made a quick 10 Pips manually on GU using this scalping system.
Attached Image (click to enlarge)
Click to Enlarge Name: gu scalp 01.gif Size: 102 KB
  • #488
  • Feb 12, 2012 12:12pm Feb 12, 2012 12:12pm
hey ,can anyone help me explaining the entry point and the exit point .i know that rules are shown above but it is a little confused for me.
thank you
  • #489
  • Apr 11, 2012 1:25am Apr 11, 2012 1:25am
thanks for sharing good rainbow template. I have been using this rainbow, making good pips everyday. this rainbow is easy to see spike and pullback!
Attached Image (click to enlarge)
Click to Enlarge Name: WS000210.JPG Size: 202 KB
  • #490
  • Apr 16, 2012 4:12pm Apr 16, 2012 4:12pm
I ran across this thread on Rainbow Scalping yesterday and today was the first day I traded it. I had 6 wins in 6 trades with a total of about 80 pips on the GBPUSD, EURUSD.

I've traded all kinds of trade plans both commercial and free, and I was very impressed with the results of this method. I did add pivots, the 233 ma on 30m chart and the Coral (from the THV) to give me ideas on S/R levels. As well I consulted higher time frames charts to get a sense of the long term trend.

I look forward to testing this further and appreciate 4xQ for posting this thread.

If 4xQ happens to visit this thread, I'm curious to know if the time pivots indicator was ever posted or explained here or elsewhere in FF.

God Bless)
  • #491
  • May 4, 2012 3:34am May 4, 2012 3:34am
Hello,
I am a new member in this forum and have a little experience about forex. Today i am very interested in scalping the rainbow because of the efficiency. Althoungh I try my best to understand and apply it for my trading, I dont know how to use it. I have just traded forex for 1 year so i dont know when we entry and exit at which price, how many pips should i take propit or stoploss in the Scalping the rainbow.
Coule you tell me clearly how to apply your trading systerm?
I am looking forward to hearing from you.
Thank you very much
  • #492
  • May 4, 2012 5:32am May 4, 2012 5:32am
Sorry for my english...
a question...i no have this platform..i have fastbrokers...what are the number of the average on 1' minute please??
Thanks
  • #493
  • May 5, 2012 9:10am May 5, 2012 9:10am
hi,
two files: http://www.forexfactory.com/images/attach/mq4.gif 01 Buy X SL20 TP10.mq4 (1,007 Bytes, 947 views) http://www.forexfactory.com/images/attach/mq4.gif 01 Sell X SL20 TP10.mq4 (1,009 Bytes, 846 views)
i dont know how to use them. can you tell me the way to apply them for trading
thanks so much
  • #494
  • May 5, 2012 8:36pm May 5, 2012 8:36pm
Quoting tamtran2011
hi,
two files: http://www.forexfactory.com/images/attach/mq4.gif 01 Buy X SL20 TP10.mq4 (1,007 Bytes, 947 views) http://www.forexfactory.com/images/attach/mq4.gif 01 Sell X SL20 TP10.mq4 (1,009 Bytes, 846 views)
i dont know how to use them. can you tell me the way to apply them for trading
thanks so much
start>my computer>C:/>Program Files>MT4 Folder>experts>Scripts
drag them into scripts and they will install in your MT4.
Then you can open tem with your navigator in MT4 and use them by dragging onto chart.(make sure you have expert advisors enabled)
All posts are my personal opinion
  • #495
  • Jul 11, 2012 11:15am Jul 11, 2012 11:15am
Dear all, been out of action for awhile, anyone still using this?

regards
  • #496
  • Aug 14, 2012 5:24am Aug 14, 2012 5:24am
Quoting 4xq
So 40 pips this sesion...long one...8win/2loss = 80%. I still have problems with the signals before the trend reverses...I made two bad trades today on those...the trends were realy short...volatility low.
One thing would be to use more indicators, but I realy don't want that...the rainbow actualy should tell you all you need.
Anybody got some ideas?
hi .. yeah i got an idea i have used ur system with TMA+CG indicator ... (which is more like bollinger bands) and i saw improvements now i got win percentage of 95 further now i can put stop loss at 15 rather than 20 which eat up most of the profits.

you can download tma indicator and get into a trade wen the 200 ma and lower or upper bang comes togther this increase the odds on your side and gives confidence on a tighter stop loss.

thnx
sidh
  • #497
  • Aug 14, 2012 10:13pm Aug 14, 2012 10:13pm
Quoting sidh
hi .. yeah i got an idea i have used ur system with TMA+CG indicator ... (which is more like bollinger bands) and i saw improvements now i got win percentage of 95 further now i can put stop loss at 15 rather than 20 which eat up most of the profits.

you can download tma indicator and get into a trade wen the 200 ma and lower or upper bang comes togther this increase the odds on your side and gives confidence on a tighter stop loss.

thnx
sidh
hi sir is it better then you zip the indicator and template together? then we can easy to do it in one step and no need to change any setting, hope this will not hassle you, TQVM
  • #498
  • Feb 4, 2013 8:07pm Feb 4, 2013 8:07pm
stirring the pot, hows everyone doing?
  • #499
  • Feb 4, 2013 8:54pm Feb 4, 2013 8:54pm
Allo ?
This strategy is finish ??
Nobody use it ??
  • #500
  • Jun 6, 2013 9:00am Jun 6, 2013 9:00am
Damn it! I must, the template that you create looks so cool. Love it so much! Than you, thank you again! You just give me a huge fortune!!!

This will be my "Hit and run" comment, because I know that, this is somehow screw up your initial strategy and not so many like long term trading. However, just wanna contribute to you guys another way of thinking if you find it interest!

Open the chart, 4H or Daily chart, load the template from 1st post, look at that chart and you will see the miracle. It does not happen only for one pair, it happens for all major pairs I must say (I trade 10 pairs). Trading many times does not make sure that you will win more than the one who have high quality decision.

Nice pip for everyone!
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