4# Rainbow Trading System

Moving Averages with Asctrend

Trend Following Strategy

Submit by Dominique

 

Rainbow Trading System is a pure trend following strategy base on moving averages. The purpose of this trading system is to filter a free trend indicator such as asctrend but widely used in a commercial way under other names. As is the case with other free indicators that are sold.


Rainbow Trading System
Rainbow Trading System

The template is made up of colored moving averages that set the direction of the market. when the price is above the moving averages the trend is up when it is below the trend is down.

Then I introduced a filter that detects the volatility of the market to indicate that when the volatility is low dot green we must avoid taking positions but this indication is optional.

Time frame: 15 minutes or more.

Trading Pairs, Currencies, Crypto Currencies, Commodity Stock Indices and Stocks.

Metatrader indicators 4

Flat Pulse

Rainbow (formed by a set of moving averages)

AscTrend: Sensitivity 6.

Trading Rules

Trade only in the direction of the trend

Buy

Candle over rainbow.

AscTrend buying arrow.

Sell

Candle under rainbow.

AscTrend sales arrow.

Exit position

Stop loss placed on the previous swing high / low.

Profit Target ratio stop loss minimu 1: 1.25.

 

In the images examples of trading.

Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System
Rainbow Trading System.rar
compressed file archive 19.3 KB
Comments: 1
  • #1

    inyang (Friday, 19 January 2024 21:36)

    Please send me rainbowtradingstrategy. Thank you. Iñyang

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