In this 4th post, I will be posting about one of the most interesting manual forex system available free in the net. Yup, this is the rainbow trading system. If you are typing "rainbow indicator" in your google search, you will find many kind of this system.
"The Rainbow system was invented by Wicker and is probably one of the
most potent, in terms of trading results, trading systems that exist
today." Said Etoro.com
The thing that i love about this manual forex system is that the simplicity and in the same time powerfull strategies you can implement in your forex daily life. So here it is
Rainbow Trading System
We have to add 2 EMAs as well:
10 EMA close
12 EMA open
Long:
Heiken Aishi Turn blue
10 EMA close over the 12 EMA open
Rainbow MMA 8 (blue) above the MMA6 and MMA 7
optional = Stochactic arrow goes up
Short:
Heiken Aishi Turn Red
10 EMA close below the 12 EMA open
Rainbow MMA8 (blue) below the MMA7 and MMA 6
optional = Stochactic arrow goes Down
This is really a nice and informative, containing all information and also has a great impact on the new technology. Thanks for sharing it,
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