4XP Wolfenstein v1.3 — 4XP Wolfenstein v1.3 1m chart with the WMMA(2-200) Rainbow and CCI(21) + optional pivots indicator 5m chart with Color MA(34); plot past swing levels (past pivots, then transfer these on 1m) Determine best time to trade ...

Scalping the Rainbow

It is not an EA, I manually trade

Scalping the Rainbow

I don't have an acct dedicated to this, I test different things all the time on the same acct + this is a demo=no statements + Sep 29 didn't hapened yet. Also, I don't need to prove anything to anyone, I'm not selling or promoting anything and this ...

Scalping the Rainbow

Thank you, apreciate, works well Q

Scalping the Rainbow

Fri Trades — Bad week...last week of the month + August + sick + news and all Fri...8/0...actually did a bad one, but was a mistake, I clicked on a wrong script, so 8/1...107 pips

Scalping the Rainbow

Trades — Wed...been busy with something else, made only 7 trades...6/1...one 3 pip loss...89 pip Today, Thu....I have a big headeck...only 8/0...couple of hours...poor performance...97 pip I lost many pips because I don't have a script to ...

Scalping the Rainbow

In the cad is no trend, is a sideways market...if we look at MA200 is almost flat and on 5m probably see better I try to stay out of no trend and also keep the grid on all 1m charts at 10 pip, it helps to see the big pic, how the rainbow looks like, ...

Scalping the Rainbow

I meant if the trend would be strong, short before your entry...see pic On the new trend I plotted two entries I would take by so far rules I trade from way before NY open or after and after important news, those that are red on this forum's ...

Scalping the Rainbow

Thank you sensei, I didn't even realize that a rainbow can be circular, that is some superb site to see... ones in a lifetime probably

Scalping the Rainbow

sounds very good, if that works 4 u. it is different and earlier that my breakouts entries, earlier probably than the re-emerge...you don't have the drawdowns a break out sys have. I use breakouts as they keep me out of the bad trades at end of ...

Scalping the Rainbow

you mean a buy stop order to entry or a stop loss to exit?

Scalping the Rainbow

The entry is correct, but the problem is that AUD may need a different SL, or this sys is not working well in this pair. Also after the entry we notice that we have a higher peak on the price, but a lower peak on the cci, so price goes up and cci ...

Scalping the Rainbow

In this eur situation i woudn't take the trade because the rainbow is too thin, about 10-15 pips...that is a sign of trend reversal, or at least a large pullback and no volatility. Also, the entry is very late, the one i would take if the trend ...

Scalping the Rainbow

Guys, i think is time out, let's test what we got so far and see how we doing. I've been out of town this week and did only a couple of trades, didn't had time to advance this sys Anybody has a script that would close the trades just in one pair, ...

Scalping the Rainbow

I'm not using the MM yet, fx, looks that u don't understand that this sys is not a finished product yet and I dont use your risk management, so you are right, this sys can't use a big part of the acct on one trade, it is just another sys than yours

Scalping the Rainbow

Thanks ady, I will vach "The Moses code", sounds interesting already 2 I agree with the live acct, I'm only trading this on demo because the next version, Lion King is still in developement...can you post some pics of the trades, so we can analyze? ...

Scalping the Rainbow

Thx, cool motto's

Scalping the Rainbow

He means he is risking a very large part of his acct compared to my 2-4%

Scalping the Rainbow

Read the tread mate, and the trades, this sys is aleady proven...made over 500 pips a week and every week and that in developement stage I never claimed I invented the Rainbow, i only modified it

Scalping the Rainbow