Scalping the Rainbow

Scalping the Rainbow
by 4xq 



1. EUR 1 min chart with the WMMA Rainbow 2. EUR 5 min chart with WMA(12) and a trend line 3. Determine best time to trade (good volatility). Don't trade at news time; wait 10 -15 min after news. 4. Determine 5 min trend ( ie. trend line up & higher highs & higher lows & price retracts and then passes the first peak (resistance) & price on top of WMA(12) = trend up) 5. On 1 min chart price (thin white line) goes into MA's 6. Take the trade in the direction of the 5 min trend when price comes back from red with 1 mini lot for every $500 in your acct. and SL20, TP10 ; this is a 4% risk because the system has more than 80% wins. 7. Sit back and relax.
 
 
 
 
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