Did you read the tread from post #1? Let me know what you don't understand and I'll try to explain

Scalping the Rainbow

Profit — Masilva, you're right about 2% profit too. For an SL10 can lower the risk at 2% and profit is still 2%. That may had worked today on eur and jap, as was a nice trend with no big pullbacks....or for SL10 4% risk, profit is 4% per ...

Scalping the Rainbow

Thanks, Ronald

How to send order at the close of the bar?

SL20...my formula calculates the tradesize by SL and procent of the acct you are willing to risk on a trade, so keps it at same level, in this case 4%, SL20 ie...$10,000 acct...TradeSize = 2 Lots...for $10,500 is 2.1 Lot....for $9,500 is 1.9 Lot ...

Scalping the Rainbow

What time frame chart are you using and wich EA? You have to use the ones that start with 01.....

How to send order at the close of the bar?

Ronald, where is your EA? You posted back one of mine with a comment modification

How to send order at the close of the bar?

Bottom line — OK, let's see the score....EUR 3/0....GBP 4/0....JPY 4/0....Total = 11/0....100% wins That leaves me with 110 pips....great day for me Happy trading, Q

Scalping the Rainbow

US session, my server is 7 hours ahead of EST time. I think London works better, but I'm done with night shifts

Scalping the Rainbow

5min charts — I used the 5min charts only a bit today, after the open, to see a clear trend. That is in the rainbow anyway. Plotted a colour wma(21) for better visualizing

Scalping the Rainbow

Update — Later on got more signals. The s/r kept me again from losers....I was late on the last yen trade and as at noon wolfs and sharks (represented by the red lines in the rainbow) go to lunch (literally), volatility goes away, ...

Scalping the Rainbow

SL — I think the eur and the jap would had worked today with SL10 TP10. That is a 1:1 risk/reward ratio and a 2% risk on the acct for each trade, or would had made double the money at 4% with my formula for trade size. The pound needs more ...

Scalping the Rainbow

Today's sesion — Today we had strong trends in these 3 pairs. This looks like one of those days when you can ride the trend, but that would be a different sys. Scalping is the wolf's strategy...it quickly bytes a piece and then retracts to eat ...

Scalping the Rainbow

Great Sesion — Well folks, today was a beautiful sunny session, with a great rainbow after the yesterday rain . Even the moon faze is in uptrend, growing towards first quater Years ago I had a sys that traded by moon faze.......it ...

Scalping the Rainbow

Signals — Thierry, I was looking at your rainbow and I spoted 4 entries on that. 1 and 4 are breaking the resistance and 2 and 3 are breaking the MA(200)...white thick line of my rainbow template. They are all good if the 5 min trend is up, ...

Scalping the Rainbow

Money Management — 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 ...

Scalping the Rainbow

Then I think the London sesion is better for you . Just look at the markets for that, may be even better than after NY open

Scalping the Rainbow

Would be. Looks like the first signal in a 1min changing trend, if the 5min confirms. Crossing the purple in the dir of the 5min trend is a good signal for me, but I think is a litlle risky...I like to see the rainbow fan out a bit

Scalping the Rainbow

Timing — I found good volatility in the morning, also clear mind...from 7AM to 12 (EST), but has the danger of the NY openning and some news releases. After the openning at 8AM and after news if they have some release until around 12-1PM when ...

Scalping the Rainbow

SL15 may work on eur, has to be tested...with good trend and small pulbacks may work. I try to trade when is some volatility, I'm a quicker. I believe that the same as with casino gambling, the more you are in, the more chances are for ...

Scalping the Rainbow

Thierry89 — Thierry, I took that because the price on 1min just came out of the colors from a retracement, the trend on 1min and 5min was up, price was on top of MA(12) and just passed the last peak at 65. It had all my conditions, but turned ...

Scalping the Rainbow