Scalping the Rainbow | Page 26 | Forex Factory

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Scalping the Rainbow

  • #501
  • Jun 29, 2013 6:46am Jun 29, 2013 6:46am
Is there a successful EA that can trade this system?

That will be great.

Warm Regards.
  • #502
  • Jul 2, 2013 6:59am Jul 2, 2013 6:59am
Quoting ProFXer
Is there a successful EA that can trade this system? That will be great. Warm Regards.
If there was such a thing, confirmed true and true, the code would be worth billions. Study trading some more and you may come to understand this and why it is so. Have a nice day!
My signature is: "Classified".
  • #503
  • Jul 2, 2013 11:09am Jul 2, 2013 11:09am
Quoting 4xq
Money management is a very important component of a system. Once, when I was a rookie, I made 100 pips and I lost money. Now I can make money with a 50% system. The key is money management and I made this formula that I use with great succes: TradeSize=AccountBalance()/1000*Risk/SL where Risk is the precentage of your acct you are willing to risk on any giving trade and SL is the StopLoss. It will calculate the TradeSize acording to your risk and stoploss in lots and fractions of a lot (minis)...ie..1.7 Lot For this system I made a couple of...
Hi,please can you share to me the sell buy indicator with 5 digit setting becouse your 20 sl and 10 sp are in my platform 2 pips and 1 pip.
Thanks
  • #504
  • Aug 23, 2013 1:11am Aug 23, 2013 1:11am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting armyda
{quote} Hi,please can you share to me the sell buy indicator with 5 digit setting becouse your 20 sl and 10 sp are in my platform 2 pips and 1 pip. Thanks
hello,
i think you are new....first of all i will suggest go learn what is pips and pippettes.....and the answer of your question is....consider the 4th digit after the . is ur last pip digit...and set the sl and tp on basis of that...have a nice day
  • #505
  • Edited 9:41am Oct 1, 2013 9:24am | Edited 9:41am
EURUSD 13pips.
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  • #506
  • Mar 17, 2014 2:47am Mar 17, 2014 2:47am
+8 P first part
+15 P second part
third part hitting the stop loss or more profit
+2% Bank
Waiting for a new signal
Attached Image (click to enlarge)
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  • #507
  • Mar 17, 2014 2:56am Mar 17, 2014 2:56am
Late entry - part of the concentration.
. Without closing parts. Hit stop loss 0
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  • #508
  • Mar 17, 2014 6:55am Mar 17, 2014 6:55am
One part closed
Others moved with stop loss of +1, 2 pips
And a loss trade, Drilling trendline and return for test day high of Friday!
Orders for sale were there to 1.6650.
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  • #509
  • Mar 18, 2014 5:14am Mar 18, 2014 5:14am
+ 20 pips EUR/USD
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  • #510
  • Mar 18, 2014 10:10am Mar 18, 2014 10:10am
win 8% of the bank for the day
Other parts for more profit.
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  • #511
  • Mar 20, 2014 9:53pm Mar 20, 2014 9:53pm
Quoting tantra
win 8% of the bank for the day Other parts for more profit. {image}
Hi Tantra,

I have spent the last day reading through this whole thread and really impressed with the rainbow system but also really sorry to see the creator of it has quit.... but glad to see some recent posts and that this thread is still alive.

Also glad to see you are making some pips...

Do you have an mq4 file for the CCI indi you are showing on your charts? If so please can you attach it here?

Also any pointers on your entry and exit signals will be greatly appreciated.

Cheers,

Gavin
  • #512
  • Mar 23, 2014 4:09pm Mar 23, 2014 4:09pm
Quoting sentinel
Sorry for this, but does anyone know how to layer multiple indicators ina window (not the price window) in MT4? Thanks

Hi Sentinel,

There so much wisdom, knowledge and inspiration in this thread - that to 4xQ (Dan) for his sharing!

A week ago a little voice said to me to investigate Rainbow trading (I was ready to ditch trading for good), and after searching and finding this thread my interest in trading was instantly revived – and thanks to God, and of course to Dan for that!

Sentinel, I see that you are marked as a 'buddy' in 4xQ's profile and I was wondering if you are still in contact with him, and if he is still active and contactable - even if it is outside of the forums?

If you get this message, please let me know.


Kind regards,

Gavin le Roux
  • #513
  • Mar 23, 2014 11:56pm Mar 23, 2014 11:56pm
Wow, this method rly hooked me up, I'm giving it a go ASAP
  • #514
  • Mar 24, 2014 2:10pm Mar 24, 2014 2:10pm
Quoting gavman
{quote} Hi Tantra, I have spent the last day reading through this whole thread and really impressed with the rainbow system but also really sorry to see the creator of it has quit.... but glad to see some recent posts and that this thread is still alive. Also glad to see you are making some pips... Do you have an mq4 file for the CCI indi you are showing on your charts? If so please can you attach it here? Also any pointers on your entry and exit signals will be greatly appreciated. Cheers, Gavin
Of course I can share!
Right from this wonderful forum I downloaded!
Overall I decided to try this system. Does not differ from any other published herein. Described are rules to be followed and this is of course only 1-3 weeks did enough to gain an idea of ​​a strategy. but I like to try something different to show me new techniques and results that can improve my thinking for better input and better profit.
I went back to the old idea of ​​GUppy MA, which does not differ much from this strategy even complement each other.
http://www.forexfactory.com/showthread.php?t=267184
Attached File(s)
File Type: mq4 DoublecciWoody.mq4   6 KB | 642 downloads
File Type: ex4 DoublecciWoody.ex4   6 KB | 540 downloads
  • #515
  • Mar 24, 2014 2:37pm Mar 24, 2014 2:37pm
I have noticed that most in this forum talking about something they expect to happen in the future but can not talk about what is happening now. Past is easy to tell , the future is easy to predict what we want, what happens now when the price now moves -only market makers know somewhere. Those who know they are silent when the price talk and follow it are found here frequently.
  • #516
  • Mar 26, 2014 5:03am Mar 26, 2014 5:03am
Thank you guys for bringing this thread back to life!!

I have a bit of time to trade the rainbow tomorrow, so we can see what we can make out of this strategy

EXCITED
  • #517
  • Mar 26, 2014 2:58pm Mar 26, 2014 2:58pm
Thanks Tantra for sharing! I love this strategy - it is so clear. I am using it to scalp when I get bored .

I have 2 seperate accounts for 1M scalping and 4H trading- hoping to get the best of both worlds :-)

For the 4 hour I use the 5Easy system - a real gem and a very well attended thread here in FF
http://www.forexfactory.com/showthre...=291622&page=1
  • #518
  • Mar 27, 2014 2:43am Mar 27, 2014 2:43am
Here is my first trade with the system...

Shorted EU right before FO.
TP hit at 10 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU Rainbow Short.PNG Size: 61 KB
  • #519
  • Mar 27, 2014 3:27am Mar 27, 2014 3:27am
And here is my second one...

Shorted GU at the same time as EU.
Price pulled back a bit, but at LO it went back down.
Took half of my position at 5 Pip and set SL at BE +1.
The rest of the position hit TP of 10 Pip

Attached Image (click to enlarge)
Click to Enlarge Name: GU Short Rainbow.PNG Size: 73 KB


Thanks alot Tantra for uploading the double CCI
  • #520
  • Mar 28, 2014 4:18am Mar 28, 2014 4:18am
Anyone else in here who is still trading the rainbow?
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