Forex Smart Four Rainbow Scalping Strategy
Forex Smart Four Rainbow Scalping Strategy:
4 Rainbow is a trend momentum strategy for intraday trading based on 4 rainbow indicator and CCI histogram. 4 rainbow is indicator-tool multi choice based on four LWMA.
Time frame 15 min , 30 min, 60 min.
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.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Smart Four Rainbow Scalping Strategy?
- Download Forex Smart Four Rainbow Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Smart Four Rainbow Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
