12# Candlestick Patterns with Rainbow

Price action Forex Trading System

Submit by Maximo Trader 08/03/2013

 

Time Frame 30 min or higher.

Currency pairs:any.

Rainbow trading

Candlestick Patterns with Rainbow Metatrader Indicators:

(EMA's) Exponential moving averages : 3-4-5-6-7-8-9-10-11-12-13-14-15-16-17-31-32-33-34-35-36-37-38-39-40-41-42-43-44-45-46-47

-48-49-50-51-52-53-54-55-

21 (Rainbow)

Pivot levels (this setting is for intraday trading ).

Pattern recognition Master 7;

 

Long Entry

If Buy Candlestick Pattern is above of the (rainbow) green exponential moving averages open a buy order at open the next bar.

 

Short Entry

If Sell Candlestick Pattern is below of the (rainbow) red exponential moving averages open a sell order at open the next bar.

 

Exit position: (for intraday trading)

 

Stop loss

for buy 2 pips below the previous swing.

for sell 2 pips above the previous swing.

 

Profit Target at the Pivot levels or 15-20 pips.


In the pictures Candlestick Patterns with Rainbow forex system in action.

Candlestick Patterns with Rainbow
Candlestick Patterns with Rainbow
Candlestick Patterns with Rainbow
Candlestick Patterns with Rainbow

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candlestick patterns with rainbow Template

candlestick patterns with rainbow indicators metarader
candlestick patterns with rainbow
candlestick patterns with rainbow.rar
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candlestick patterns with rainbow indicators metarader

candlestick patterns with rainbow
Trading System:candlestick patterns with rainbow
candlestick patterns with rainbow.rar
compressed file archive 31.0 KB
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