Forex MA Rainbow Intraday Trading Strategy with Asctrend and Traders Dynamic Index Value (TDI)

Forex MA Rainbow Intraday Trading Strategy with Asctrend and Traders Dynamic Index Value is a trend following strategy based on the sets of moving averages.

 
In my opinion, the strategy solves the problem of when to buy after a bearish pullback, or when to sell after a bounce retracement.

It is also easy to identify and simple to use, since it makes use of only one indicator. It can also be used on several time frames to generate forex and binary options signals, depending on the expiry time the trader has in mind.

 

 

Best Time Frame : 5 min or higher.
Currency pairs : Any

MA Rainbow Metatrader Indicators:

• MA Shade 180-360;
• Rainbow 06;
• Rainbow 07;
• Rainbow 08;
• TDI value
• MACD
• Exponential moving average 10 periods, close;
• Exponential moving average 12 periods, open;
• Asc trend alert;
• RCS Fibo.

Trades only in direction of the trend. We go long if price is above RAINBOW and short if price is below RAINBOW. 

 

• Tren up= MA Shade 180-360 < Rainbow 08 < Rainbow 07 < Rainbow 06< 10 EMA < 12 EMA
  Long entry when appears buy Arrow Asctrend,
• Traders Dynamic Index BUY Signal,
• MACD bars above 0.0005 line.

 

• Trend Down= MA Shade 180-360 > Rainbow 08 > Rainbow 07 > Rainbow 06 > 10 EMA > 12 EMA
  Short entry when appears Sell Arrow Asctrend.
• Traders Dynamic Index SELL Signal,
• MACD bars above 0.0005 line.

 

The use of MA Shade 180-360 is optional. I would recommend using because it can filter out more false signals.

 

Initial stop loss on the previous swing.
Make profit on the fibo level or profit target ratio 1.5 stop loss.