Moving Average Rainbow Forex Scalping Strategy
This is a scalping strategy that follows the trend when trading. This system uses asctrend alert and rainbow indicator. This works on a 5-minute timeframe or higher and is applicable to any currency pairs. Trade only in the direction of the trend.
- Moving Average Shade 180-360;
- Rainbow 06;
- Rainbow 07;
- Rainbow 08;
- Exponential moving average 10 periods, close;
- Exponential moving average 12 periods, open;
- Asc trend alert;
- RCS Fibo.
Rules for entry:
Uptrend: Moving Average Shade 180-360 < Rainbow 08 < Rainbow 07 < Rainbow 06< 10 EMA < 12 EMA
Enter LONG position when asctrend buy arrow appears.
Downtrend: Trend Down= Moving Average Shade 180-360 > Rainbow 08 > Rainbow 07 > Rainbow 06 > 10 EMA > 12 EMA
Enter SHORT position when asctrend sell arrow appears.
The use of MA Shade 180-360 is optional. But it can help you identify false signals.
- Place initial stop loss on the previous swing.
- take profit on the fibo level or profit target ratio 1.5 stop loss.
Forex Strategies Installation Instructions
Moving Average Rainbow Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Moving Average Rainbow Forex Scalping Strategy provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install Moving Average Rainbow Forex Scalping Strategy?
- Download Moving Average Rainbow Forex 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
- Right click on your trading chart and hover on “Template”
- Move right to select Moving Average Rainbow Forex Scalping Strategy
- You will see Moving Average Rainbow Forex Scalping Strategy is available on your Chart
Click here below to download: