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564# 4 Rainbow

LWMA trading

Submit by Jeff 27/01/2017

 

4 Rainbow is a trend momentum strategy for intraday trading based on 4 rainbow indicator and CCI histogram. 4 rainbow is indicator-tool multichoice based on four LWMA.

Time frame 15 min , 30 min, 60 min.

 

Currency pairs:majors.

Metatrader indicators:

4 Rainbow (MTF indicator), four LWMA

LWMA period 15,

LWMA period 45,

LWMA period 90

LWMA period 135,

options: Ma cross MA, Price cross MA, Price cross MA Trend, Price cross Ma Paint.

MA Short lines,

Pivot points level,

CCI Histogram, period 1, 170, period 2 50.

 

Trading Rules 4 Rainbow

 

To find the currency pairs in trend at the 4H or daily time frame and apply the template.

 

Buy

15 ma > 45 MA > 90 ma >135 ma

CCI histogram >0

re-enter, price above 135 ma and 15 Ma crosses upward next ma

 

Sell

15 ma < 45 MA < 90 ma <135 ma

CCI histogram <0

 

re-enter price below 135 ma and 15 ma crosses downward next ma.

Exit position is discretionary.

 

In pictures 4 Rainbow in action.

4 Rainbow. LWMA trading
4 Rainbow. LWMA trading
4 Rainbow. LWMA trading
4 Rainbow. LWMA trading
4 Rainbow.rar
compressed file archive 58.3 KB
4 Rainbow. LWMA trading
4 Rainbow. LWMA trading

Write a comment

Comments: 1
  • #1

    Thoriq (Wednesday, 01 February 2017 07:00)

    It's really interesting and simple strategy. Any suggestion for exit point and stop loss?