Rainbow Adventures | Forex Factory

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Rainbow Adventures

  • #1
  • First Post: Mar 8, 2017 8:25am Mar 8, 2017 8:25am
Hello

I just want to share some very solid rainbow trading ideas that might help other members.

Some years ago there was another member with very impressive trades who had a rainbow system thread, he got harassed and somehow someone claimed the rights to the rainbow and the mods deleted his posts. This is crazy as nobody can own the rights to a bunch of MAs, anyway pls dont ban me.

What I'm going to share is a combination of ideas and systems I have picked up over the years.

Disclaimer- No I do not have stats for this system, and i dont care about your opinion of MAs .....use this information however you like.


I will leave the information for the public then go back to my own way of trading. I hope this helps someone.
Attached Image (click to enlarge)
Click to Enlarge Name: webmaster-taking-a-rainbow_o_1054224.jpg Size: 91 KB
Dragon Rider
  • #2
  • Edited 7:03pm Mar 8, 2017 8:40am | Edited 7:03pm
Its super simple and works on all time frames, you can use it to help your own analysis or you can just trade it this way.

I have 2 entries to share

1- The most powerful one with the trend continuation after a pullback. Basically you wait for the rainbow to open up then when price goes over the thick white line and returns you enter on the first grey dot on the side of the trend. ( grey dot forms on the close of a candle.


2- Basic entry plot support/resistance/trend line and enter on the break.

3- You can figure the SL and TP on your own.

Dont worry about the arrows or red circles in my chart.

The red line represent entries based on what i wrote.

Ideally you would start from a higher time frame looking for the open rainbow and entries, then having a trade bias going into lower time frames looking for additional entries.
Attached Image (click to enlarge)
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Dragon Rider
  • #3
  • Edited 7:04pm Mar 8, 2017 8:44am | Edited 7:04pm
Zoomed out 5 min, If a higher timeframe has pretty rainbow this is what a lower time frame will look like.

#2 entries
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Dragon Rider
  • #4
  • Mar 8, 2017 8:54am Mar 8, 2017 8:54am
Etc.. Knowing when to trade and what to trade depends on your own judgement.

Just wait for a nice rainbow then enter on the reentry of the thick white line.

I will post the template, and I hope this helps someone.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM455656455.png Size: 127 KB
Dragon Rider
  • #5
  • Edited 7:05pm Mar 8, 2017 9:12am | Edited 7:05pm
To help you visualize the trade think about the thick white line as the statistical average the "mean".
There is a a theory that says that price will eventually move back towards the mean or average after, we are basically waiting for a nice trend with a strong pullback (white line) to the mean, then we enter the trade in the direction of the move/trend and away from the mean.

Dont just enter just because...try to make sense of it.!
Attached File(s)
File Type: tpl !!rainbow.tpl   19 KB | 478 downloads
File Type: ex4 Line Chart Closes.ex4   6 KB | 430 downloads
File Type: mq4 Line Chart Closes.mq4   < 1 KB | 480 downloads
File Type: ex4 RainbowMMA_01.ex4   12 KB | 468 downloads
File Type: mq4 RainbowMMA_01.mq4   5 KB | 415 downloads
File Type: ex4 RainbowMMA_02.ex4   3 KB | 398 downloads
File Type: mq4 RainbowMMA_02.mq4   3 KB | 403 downloads
File Type: ex4 RainbowMMA_03.ex4   3 KB | 404 downloads
File Type: mq4 RainbowMMA_03.mq4   3 KB | 425 downloads
Dragon Rider
  • #6
  • Mar 8, 2017 9:12am Mar 8, 2017 9:12am
.
Attached File(s)
File Type: ex4 RainbowMMA_04.ex4   3 KB | 372 downloads
File Type: mq4 RainbowMMA_04.mq4   3 KB | 429 downloads
File Type: ex4 RainbowMMA_05.ex4   3 KB | 420 downloads
File Type: mq4 RainbowMMA_05.mq4   3 KB | 438 downloads
File Type: ex4 RainbowMMA_06.ex4   3 KB | 379 downloads
File Type: mq4 RainbowMMA_06.mq4   3 KB | 446 downloads
File Type: ex4 Symbol Changer_Luxmod.ex4   14 KB | 386 downloads
File Type: mq4 Symbol Changer_Luxmod.mq4   6 KB | 428 downloads
Dragon Rider
  • #7
  • Mar 8, 2017 11:29am Mar 8, 2017 11:29am
Quoting barloc
Hello I just want to share some very solid rainbow trading ideas that might help other members. Some years ago there was another member with very impressive trades who had a rainbow system thread, he got harassed and somehow someone claimed the rights to the rainbow and the mods deleted his posts. This is crazy as nobody can own the rights to a bunch of MAs, anyway pls dont ban me. What I'm going to share is a combination of ideas and systems I have picked up over the years. Disclaimer- No I do not have stats for this system, and i dont care about...
Great Going Barloc...
  • #8
  • Mar 8, 2017 11:34am Mar 8, 2017 11:34am
Quoting barloc
Its super simple and works on all time frames, you can use it to help your own analysis or you can just trade it this way. I have 2 entries to share 1- The most powerful one with the trend continuation after a pullback. Basically you wait for the rainbow to open up then when price goes over the thick white line and returns you enter on the first grey dot on the side of the trend. ( grey dot forms on the close of a candle. 2- Basic entry plot support/resistance/trend line and enter on the break. 3- You can figure the SL and TP on your own. Dont worry...
Barloc,

1. We can just stick with either 1 or 2?

"1- The most powerful one with the trend continuation after a pullback. Basically you wait for the rainbow to open up then when price goes over the thick white line and returns you enter on the first grey dot on the side of the trend. ( grey dot forms on the close of a candle.

2- Basic entry plot support/resistance/trend line and enter on the break."

2. How was your experience with Trading News with this system and do you take the fundamentals into account before making the entries?

Thanks
  • #9
  • Mar 8, 2017 3:56pm Mar 8, 2017 3:56pm
This is just a tool to help you, every once in a blue moon you will see the pattern develop perfectly on a higher time frame and that is worth a lot of pips. This is when you try to pyramid your profits like move to break even and add more orders or simply use your own trend following system.
Attached Image (click to enlarge)
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Dragon Rider
  • #10
  • Mar 8, 2017 3:59pm Mar 8, 2017 3:59pm
Then when it gets choppy ...really choppy and you say that this does not work. No, what it means is that you are now a range trader, plot a box/channel/triangle and you pull out out your martingale , grid, trade tops bottoms etc etc until it breaks out or keep chasing the rainbow somewhere else.
Attached Image (click to enlarge)
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Dragon Rider
  • #11
  • Mar 8, 2017 4:23pm Mar 8, 2017 4:23pm
barloc many thanks for sharing your system ; i will test it
$$$
donīt follow me,you will loose your moneyy
  • #12
  • Mar 8, 2017 5:58pm Mar 8, 2017 5:58pm
all in one rainbow
Attached File(s)
File Type: mq4 Rainbow.mq4   35 KB | 423 downloads
  • #13
  • Mar 8, 2017 11:19pm Mar 8, 2017 11:19pm
Although rainbow is visually beautiful, we need only 3 lines to cover the rainbow or Guppy MMA perfectly.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14
  • Mar 9, 2017 1:22am Mar 9, 2017 1:22am
Quoting barloc
Then when it gets choppy ...really choppy and you say that this does not work. No, what it means is that you are now a range trader, plot a box/channel/triangle and you pull out out your martingale , grid, trade tops bottoms etc etc until it breaks out or keep chasing the rainbow somewhere else. {image}
its just easy to see in historical chart but in actual its difficult to catch those entry. show us your actual trades!
  • #15
  • Mar 9, 2017 9:28am Mar 9, 2017 9:28am
my first rainbow
EUR / ZAR long
H 4
Attached Image (click to enlarge)
Click to Enlarge Name: EURZARmicroH4.png Size: 108 KB
donīt follow me,you will loose your moneyy
  • #16
  • Mar 9, 2017 2:19pm Mar 9, 2017 2:19pm
and the next one
CAD JPY H 1
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYmicroH1.png Size: 79 KB
donīt follow me,you will loose your moneyy
  • #17
  • Mar 9, 2017 2:46pm Mar 9, 2017 2:46pm
Guppy ma is good system. If you can detect the good entries. It depends on your perspective of the market.

cheers, D
Risk comes from not knowing what you're doing.
  • #18
  • Last Post: Mar 9, 2017 2:59pm Mar 9, 2017 2:59pm
Quote
Guppy ma is good system. If you can detect the good entries. It depends on your perspective of the market.

cheers, D

i am use Rainbow indi but it;s price action not clair see chart..
guppy is best
maintain discipline
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