If you look at my rules, having a trend is esential, one of the first rules

Scalping the Rainbow

Now those look much better I have two questions for you...how old r u and who are we you are talking about? Good job

Scalping the Rainbow

Nothing's wrong, how is the 5m trend? Depends what you want to do...get a few pips, or lots of pips...MA200 looks flat to me...today I stared at this type of markets for 5 hours...didnt take any trade....the markets went sideways, in ...

Scalping the Rainbow

First target won't work under 10 pip Target increment...increments (steps in pips)from first target when EA will close how many lots you spacify on "Close Lots" First StopTarget...when you have this profit will move the stop to "First Stop" (in my ...

Scalping the Rainbow

Thx Freddy, here are the parameters I use in Trade Manager EA

Scalping the Rainbow

That's risky for me...you have no 1 min trend...~5 pips from your entry is the 50%, the price may bounce from that as 50% is the strongest fib level...fibs are projected levels, not real...the price may bounce of them or go trough them. I use real ...

Scalping the Rainbow

Yes, when lag signal Your entry is 2-3 bars (minutes) out, not long time....the rainbow is thin...no volatility I said I woudn't take it, for me is too early, but each trader has his own style About pivots, I sugest you learn more technical ...

Scalping the Rainbow

I would take the next one, when lag signals, the rainbow is not even 10 pip out You are just at the exit when you took the pic...would had made ~25 pip

Scalping the Rainbow

This tread started Aug 4, 2008...just over 1000 pips in two weeks so far

Scalping the Rainbow

I don't use cci trend lines to enter, but to exit, those are exit points for me For the entry I need the price to come out from the colors and break some previous s/r This looks like a trend end...the price goes in a pendant ( I'm sure cci is in a ...

Scalping the Rainbow

4XP LionKing v1.1 — Same entries, different exits + Trade Manager 4XP LionKing v1.1 1m chart with the WMMA(2-200) Rainbow and CCI(21) + optional pivots indicator 5m chart with Color MA(34); plot past swing levels (real pivots, then transfer ...

Scalping the Rainbow

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

Scalping the Rainbow

Thanks and apreciate...I'll look at the indy

Scalping the Rainbow

Same here, and with 3 pairs at the same time I don't get bored

Scalping the Rainbow

Try 2 download again. check if the file u saved is the same size as the file posted...i had problems like this...the download is not complete and u get a corupt file (not the full file)

Scalping the Rainbow

It's an EA, drag & drop it in the chart

Scalping the Rainbow

Last week was almost 500pips, this week 553 pips....about accuracy...last week results are posted, this week is 37/6 = 86% for me...very bad, but that doesn't mean anything, with bad risk and money management you can lose money even with this ...

Scalping the Rainbow

Thu was 7/2...119pips I only made a few trades today, as it is fri and we had news at 9 and 10...after lunch I was busy with something else...score 4/1...63pips I tried different things today, I ploted fibs, pivots and real pivots from the 5m i ...

Scalping the Rainbow

SL is 20 + spread lately, no wonder u got stoped out Try this: pick a time with volatility, wait after open and news for the rainbow to pick a dir...that should be the same dir as the 5m trend...don't enter right when price ceosses purple....wait ...

Scalping the Rainbow

Thanks for posting inc..Looks good. I see u took more than one position at the same time on the same pair. there are many entry points along, I was thinking that I'll do that later, when all rules are clear and working fine.... U had a big SL or no ...

Scalping the Rainbow