Rainbow similarity | Foreign exchange EA download-MT4/MT5 resources

Hey guys first things first. English is not my native language. So don't blame me for some spelling mistakes etc.

Let's get started. This is a simple trading idea that I came up with while searching for the Holy Grail il. ly does not exist. I think you all know this.

Skip to "This is the way it should be" if you're not interested in my story
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I Facts About Me:
I started my forex trading journey with binary options.
This worked great for me in the beginning and it was only a matter of time before I became a millionaire. But the real question is, when will my first account be
I burst into loud noise, confusion and tears. This is a fact I realized very late.
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I thought trading was gambling and stopped.
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I But this feels like a failure and usually I don't give up until I reach my goal. So I'm back. I tried another indicator, and another indicator, and the next indicator
I blah blah blah. Some of the systems on this forum looked very profitable, but none of them suited my trading style, so I failed. but there are 2 threads
This caught my attention. The problem is they only have 50% installed.
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This is where my idea came to fruition.
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Why don't I combine the two?
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I http://www.forexfactory.com/showthread.php?t=434603
I am very grateful for the work EURUSDD has done and the knowledge he has provided me.
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I http://www.forexfactory.com/showthread.php?t=99048
I'm also very grateful to 4xq for pointing me to the rainbow system .
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This is what it should look like


Colorful, right?

The rules are as follows:

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-Avoid range markets
- For trading I recommend M15 (works with all TFs)
- Higher trend TF (for example, M15 is the trend and M5 is the entry point)
- loop identifier (later called CI) to identify possible reversals, be careful about it repainting, but no big deal (will have to be adjusted for each timefarme and each pair)
http://www.forexfactory.com/showthre...40#post7700940
-The rainbow must be in the same direction as the CI
-Red must be in the rainbow
-Waiting for CI
- MBFX must confirm the CI (in some cases there is no CI indication. This falls under your CI adjustment. For this, MBFX should be enough to trade)
-Wait for the candle to close! (To avoid redrawing, even this is not 100% sure, but as you know, nothing is 100% sure on Forex)
-Enter
- Place the SL a little below the last low/above the last high (tight SL)/Place the SL a little below the last swing low/above the last swing high (wide SL)
-TP CI or MBFX instructions (must be discussed)

Dive into trading:
(Historical example)

1. Know what the trend of this system is



2. Avoid ranging



3. Dive into trading (same example, without the trend highlights in 1 to see more clearly)



4. Sneak trading (same example, without the trend highlights in 1 to see more clearly)



To be honest, I chose to take risks, that’s my style. But I always have a little SL. As the golden trading rule says "limit your losses and let your profits run" .

Important posts:
http://www.forexfactory.com/showthre...01#post7705101
http://www.forexfactory.com/showthre...99#post7706199
http://www.forexfactory.com/showthre...45#post7706545
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Other examples:

I took this on EU yesterday and I was stopped the first time -69 nanopips -6.9pips. But I re-enter because the higher TF is strong in the downtrend et violà +307 nanopip +30.7 pips (I prefer writing in nanopip from now on)


This was no SL hits on EJ but missed some points, but that's part of the game +273p


GU 26.08.2014, H1 trended down, that's why I chose this +169p, that's why we have to discuss an example of TP missing so many points. SL misses


Here's one I took today 8/27/2014 on AU +101p, no SL hits, but missed re-entries both times


Let's have a nice discussion, feel free to ask any questions not answered above and share your thoughts like in all threads on FF
Sharing is caring.

PS: I will be sharing all my trades from now on.