to enter a sell order in the market. Buy, price above the rainbow. 1.1 Free Download Download the Rainbow Forex Scalping Strategy About The Trading Indicators The RainbowMMA_05 and the RainbowMMA_08 custom indicators are the fifth and eighth gmma forex series of eleven technical indicators largely dependent on the Guppy multi moving average. The trader is not expected to monitor his positions that are live in the market for possibly hours. Find the pairs in trend. The moving average should be in the range of 15 MA 45 MA 90 MA 135 MA and CCI histogram should be less than zero. Recommended Trading Sessions: London, New York, Tokyo.
Exit at the opposite arrow or with predetermined profit target tha depends by currency pairs and time frame. Sell, price below the rainbow. And select 4, rainbow template to apply it on the chart; Note: 4, rainbow trading indicator trend momentum strategy was developed by Jeff Trader and sent by an AtoZforex follower from Berlin, Alfred. Stop Loss for Sell Entry: Place stop loss 25 pips from entry price Exit Strategy /Take Profit for Sell Entry The following conditions will define an exit or take profit strategy for a sell entry: If the green upward pointing arrow of the Forex Analyzer.
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying. AtoZforex does not carry any copyrights over this trading tool. Step one (25,.5,.5, 50). Buy strategy : The moving averages determine the buying strategy in 4, rainbow indicator trend momentum strategy indicator. Exit, strategy /Take Profit for Buy Entry, exit or take profit if the following rules or conditions takes precedence: If the dark blue line of the SpearmanRankCorr. If the tomato colored dots of the HMA_v2 custom indicator gets in contact with the RainbowMMA_09 custom indicator lines, this indicator pattern is indicative that a reversal is underway and as such an exit and/or take profit is strongly recommended. Trading rules Rainbow Averages Strategy. In side markets there may be false signals.