Trade system "Bluet 5m RainbowMA"

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kevinator
1738
kevinator  

This system uses a very well put together rainbow ma which is very good trend follower system and will give you accurate visual of trend begining and end as well as the turning point of trend.

When green line is on top of rainbow we will take long positions with arrow and use madro,macd stoch, and laguerre as confirmation of our position.

When the red line is on top of rainbow the opposite applies.

Ferru indicator will give you a wide range of information regarding the status of all the major indicators as well as daily range averages.

If you see the bar to the right will either be red or green.If you follow this bar you will have a high success win success rate as it is a very powerful trading tool.

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traderanto
9
traderanto  

Thanks for this system....

prakashjj
47
prakashjj  
kevinator:
This system uses a very well put together rainbow ma which is very good trend follower system and will give you accurate visual of trend begining and end as well as the turning point of trend. When green line is on top of rainbow we will take long positions with arrow and use madro,macd stoch, and laguerre as confirmation of our position. When the red line is on top of rainbow the opposite applies. Ferru indicator will give you a wide range of information regarding the status of all the major indicators as well as daily range averages. If you see the bar to the right will either be red or green.If you follow this bar you will have a high success win success rate as it is a very powerful trading tool.

Thanks for the system...Can you please explain a bit more on entry and exits

kevinator
1738
kevinator  
indianforextrader:
Thanks for the system...Can you please explain a bit more on entry and exits

You will look to the moving average rainbow and see what color is on top line red or green.At that time you will know which direction the market is moving.You will look to the henki ashi bars or hama bars to be the same color as top line.Laguerre at oversold or overbought will be entry criteria b.Macd stoch is confirmation.Ferru light will give market strength on all the major indicators and you will see how strong then move will be depending on how many buy or sell signals you get.Exit varies depending on the time frame you use and you will have to figure what is the best exit strategy.

For instance you may want to scalp the market with short term trades or you may want to enter when the rainbow crosses with low lots and scale in more positions along the way as the hama bars change from red to green or green to red and exit all positions at the end or the trend.I do not know your strategy so I cannot speculate on exit for you.

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