Rainbow Trading System

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

 
So first of all what we need:

Rainbow MMA06 (click to download)

Rainbow MMA07 (click to download)

Rainbow MMA08 (click to download)

rainbow_template.zip (click to download)

_Heiken_Ashi_Smoothed.mq4  (click to download)

_Stochastic_Cross_Alert.mq4 (click to download)

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