Urban Towers Forex Trading Strategy

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Urban Towers Forex Trading Strategy

The urban towers forex trading strategy is a strategy that works on a 15-minute or higher timeframe and suitable in all currency pairs. This method is based on the rainbow indicator.

MT4 Indicators:

  • Rainbow 7

Description: During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs (3 towers), we enter at the break of the high of the last high.

  • Price is above the blue MA trend is up
  • Price is below the blue MA trend is down

Long Entry:

  1. The market retraces towards the blue MA with 3 consecutive lower highs in an uptrend.
  2. Enter at the break of the high of the last candle.

Short Entry:

  1. Market retraces towards the blue MA with 3 consecutive highest Lower highs in a downtrend.
  2. Enter at the break of the Low of the last candle.

Exit Position:

  • When the price is below or above rainbow 7.

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