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Rainbow Forex Scalping Strategy

Rainbow forex scalper is a powerful strategy designed to exploit the 1 min charts. This strategy can be used to scalp any currency pair during the most volatile trading sessions.

First off, you need the rainbow system and it’s trading rules to fully understand how it works and what it can do for you. The rainbow scalper method is suitable on higher timeframe’s as well.

Preferences:

• Preferred currency pairs: Any
• Preferred trading sessions: Euro and US

Download link:

Click here to download the Rainbow Forex Scalping Strategy

Forex Indicators:

Standard MACD indicator (5,35,5)
Laquerre indicator (with default settings)
RainbowMMA_01.mq4 – 02,03,04,05,06,07,08,09,10,11 indicators
EMA Crossover Signal

EUR/USD 1 Min chart Example

wicker-forex-scalping-system


Rainbow Forex Scalper Trading Rules:

BUY TRADE

1) Rainbow moving averages are perfectly aligned and heading up.

2) MACD > 0

3) Laquerre rises from below 0.15 back above 0.15.

4) EMA cross-over buy arrow appears on the chart.

5) Go Long.

6) Set stop loss below the most recent support level.

7) Scalp target should be at least 20 pips.

SELL TRADE

1) Rainbow moving averages are perfectly aligned and heading down.

2) MACD < 0

3) Laquerre falls from above 0.75 back below 0.75 readings.

4) EMA cross-over sell arrow appears on the chart.

5) Go Short.

6) Set stop loss above the most recent resistance level.

7) Scalp target should be at least 20 pips.

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